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Washington Mutual, Inc. (often abbreviated to WaMu) was an American savings bank holding company based in Seattle. It was the parent company of Washington Mutual Bank , which was the largest savings and loan association in the United States until its collapse in 2008.
He has held risk management positions at the executive level at a number of other North American banks including the Canadian Imperial Bank of Commerce, Bank One, and the Royal Bank of Canada. [5] Cathcart served as Washington Mutual's highest-ranking risk management officer in the run-up to the 2007–2008 financial crisis.
Killinger was born in Des Moines, Iowa.He received his education at the University of Iowa, from which he received his BBA in 1970 and MBA in 1971. He began his career in the financial services industry in 1972 as an investment analyst with Bankers Life Insurance Company of Nebraska, and moved on to Murphey Favre in 1976 where he rose from a securities analyst to executive vice president and ...
Washington Mutual's last weeks Alan H. Fishman (born 16 March 1946) [ 1 ] is an American businessman. He was the last CEO of Washington Mutual (WaMu) [ 2 ] prior to federal regulators seizing its assets on September 25, 2008.
By September 12, 1917, it was operating under the name Washington Mutual Savings Bank. [3] In mid 2008 WaMu suffered a massive run where customers pulled out $16.7 billion in deposits in a ten-day span. On the night of September 25th the Office of Thrift Supervision seized WaMu Bank and placed it into the receivership of the FDIC.
With a legacy dating back to the founding of Peoples National Bank of Washington in 1889, U.S. Bank now has 89 branches and more than 1,400 employees in Seattle.
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". [5]
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