Who took over Washington Mutual Bank?
John Hall
Updated on March 16, 2026
JP Morgan Chase Bank
Please note that any deposits that have not been claimed within 18 months of the failure of Washington Mutual Bank FSB was sent to the FDIC by JP Morgan Chase Bank as acquirer of Washington Mutual Bank, FSB on April 15th, 2010.
When did Washington Mutual bank close?
September 26, 2008
Washington Mutual/Ceased operations
Do Washington Mutual checks still work?
If you have checks bearing a Washington Mutual account and routing number, you may continue to use them. If you have been paid with a Washington Mutual check, you can still cash it.
Which president bailed the banks out?
The Emergency Economic Stabilization Act of 2008, often called the “bank bailout of 2008”, was proposed by Treasury Secretary Henry Paulson, passed by the 110th United States Congress, and signed into law by President George W. Bush.
Who are the shareholders of Washington Mutual Bank?
Any claims by equity, subordinated and senior unsecured debt holders were not acquired. There was no publicly-owned stock in Washington Mutual Bank. If you are an equity shareholder, your shares are in Washington Mutual, Inc., the holding company for Washington Mutual Bank, and not the Bank.
When did Washington Mutual Bank go out of business?
On September 25, 2008, Washington Mutual Bank was closed by the Office of Thrift Supervision and the Federal Deposit Insurance Corporation was named receiver.
How big was Washington Mutual before it was receivership?
Regarding total assets under management, WaMu’s closure and receivership is the largest bank failure in American financial history. Before the receivership action, it was the sixth-largest bank in the United States. According to WaMu Inc.’s 2007 SEC filing, the holding company held assets valued at $327.9 billion.
When did JP Morgan Chase acquire Washington Mutual?
Please note that any deposits that have not been claimed within 18 months of the failure of Washington Mutual Bank FSB was sent to the FDIC by JP Morgan Chase Bank as acquirer of Washington Mutual Bank, FSB on April 15th, 2010. The unclaimed funds will be sent to the appropriate states according to Federal Law (12 U.S.C., 1822 (e)).
