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The result of the PNC Mortgage acquisition made WaMu the nation's third-largest lender. In April 2001, WaMu announced the pending acquisition of the Columbia, South Carolina–based Fleet Mortgage Corporation from FleetBoston Financial for $660 million (~$1.08 billion in 2023) in cash. [169] The acquisition was completed in June 2001. [170]
By the looks of the headlines, JPMorgan's purchase of Washington Mutual and Bear Stearns during the housing market collapse in 2008 didn't work out very well for the bank. But when you dig into ...
Washington Mutual: Dime Bancorp, Inc. Washington Mutual: JPMorgan Chase: 2002 HSBC Holdings plc: Household International, Inc. HSBC Bank USA: HSBC Bank USA: 2003 BB&T: 1st Virginia Banks, Inc. BB&T: Truist Financial: 2003 M&T Bank: Allfirst Bank: M&T Bank: M&T Bank: 2004 New Haven Savings Bank Savings Bank of Manchester, Tolland Bank ...
The bank was acquired by Washington Mutual in 1997 for $6.8 billion. Great Western Bank was held by Great Western Financial Corporation ("GWFC"), a corporation organized under the laws of the state of Delaware that was traded on the New York Stock Exchange under the stock symbol "GWF".
WaMu was the largest financial institution overseen by the Office of Thrift Supervision, and WaMu's fees paid for 12% to 15% of the agency's budget, Levin said. "OTS was a feeble regulator," he said.
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In June 2001, Washington Mutual announced the pending acquisition of Dime Bancorp for $5.2 billion in cash and stock. [17] [18] The acquisition was completed in January 2002. [19] At the time of its acquisition, Dime had 123 branch offices in the New York City area in the states of New York and New Jersey. [20]
JPMorgan Chase (JPM) could bank a rich $1.4 billion tax refund this year, owing to Washington Mutual's 2008 losses and an oft-overlooked business tax break that was squeezed into the 2009 Stimulus ...