Washington Mutual

Washington Mutual (abbreviated to WaMu) (NYSE: WM) was the United States' largest savings and loan association.^[2] Despite its name, it ceased being a mutual company in 1983 when it began to be publicly traded on the New York Stock Exchange.

Washington Mutual, Inc.

Industry	Finance and Insurance
Founded	September 25, 1889[1]
Defunct	September 25, 2008[1]
Fate	Insolvency. Closure by the Office of Thrift Supervision. Transferred to the FDIC who then sold WaMu to JPMorgan Chase.
Successor	JPMorgan Chase
Headquarters	Seattle, Washington, United States
Key people	Alan H. Fishman, Chief Executive Officer
Products	Consumer Banking Financial Services
Revenue	US$15.962 billion
Number of employees	49,403
Subsidiaries	WaMu Investments, Inc; Washington Mutual Insurance Services; Washington Mutual Card Services

On September 25, 2008, the 119th anniversary of WaMu's founding, the United States Office of Thrift Supervision (OTS) announced that it was seizing the bank and would sell most of its functional assets to JPMorgan Chase.^[3] WaMu's collapse is the largest U.S. bank failure in history.^[4] At the time of the collapse, it was the sixth-largest bank in the United States.^[5] According to Washington Mutual's 2007 SEC filing, it held assets valued at $327.9/Billion Dollars.