BNET Industries

Washington Mutual Inc.

(WM) is in the Financial Services Industry

Market Cap:$16.0B

Last Fiscal Year Sales:$26.5B

Public
US

Dow Jones Description

WaMu, through its subsidiaries, is one of the nation's leading consumer and small business banks. At June 30, 2008, WaMu and its subsidiaries had assets of $309.7 billion. The company has a history dating back to 1889 and its subsidiary banks currently operate approximately 2,300 consumer and small business banking stores throughout the nation. On September 25, 2008 JPMorgan Chase & Co. announced that it has acquired all deposits, assets, and certain liabilities of Washington Mutual?s banking operations from the Federal Deposit Insurance Corporation (FDIC) for $1.9 billion. The acquisition creates the country's largest depository institution, with over $900 billion in customer deposits.

Chief Executive Officer

Alan H. Fishman

Number of Employees 60,798

Contact Information

1301 Second Avenue

Seattle, Washington 98101

www.wamu.com

(206) 461-2000

Peer Companies

NAICS Code Savings Institutions: 522120

Recent Events

Chase shrugs off loss of CD investors

11/22/09 - Financial Announcement - View Story
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11/21/09 - Merger / Acquisition - View Story
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11/27/09 - Merger / Acquisition - View Story
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Zacks Analyst Blog Highlights: JPMorgan Chase, Fifth Third Bancorp, Zions Bancorp, SunTrust Banks and PNC...

11/17/09 - Merger / Acquisition - View Story
6 loans in 6 years: How one woman lost her home

10/26/09 - Lawsuit Filed - View Story
Reckless strategies doomed WaMu

10/25/09 - Financial Announcement - View Story
Zacks Analyst Blog Highlights: U.S. Bancorp, JP Morgan Chase,

11/03/09 - Merger / Acquisition - View Story
In Housing Crisis Report, Civil Rights Commission Fails To Investigate Civil Rights Violations

10/08/09 - Lawsuit Filed - View Story
Wells Fargo Sued Again for Cutting Home Equity Credit Lines

10/01/09 - Lawsuit Filed - View Story
Zacks Analyst Blog Highlights: Huntington Bancshares, JPMorgan Chase, Fifth Third Bank, U.S....

10/06/09 - Merger / Acquisition - View Story
Chase Sees Distressed Commercial Real Estate as Possible Opportunity

9/15/09 - Merger / Acquisition - View Story
Crisis on Wall Street: Dealmakers whereabouts

9/15/09 - Mgmt. Change Entering - CEO - View Story
Surviving Lehman: The financial industry crawls back from the abyss

9/13/09 - Merger / Acquisition - View Story
The Financial Crisis: This Dayâ€"One Year Ago, Sept. 17, 2008

9/17/09 - Merger / Acquisition - View Story
Empty Bank Branches Add To Supply In Retail Real Estate

8/18/09 - Site Opening - View Story
Michael D. Intriligator and R. Kyle Martin: The Rise and Fall of Artificial Wealth

8/18/09 - Merger / Acquisition - View Story

News & Analysis

quarterly profit and washington mutual inc. - All News and Analysis

Washington Mutual's quarterly profit falls 34 percent.

- 2004-10-21

By Drew Desilver, The Seattle Times Knight Ridder/Tribune Business News By Drew Desilver, The Seattle Times Knight Ridder/Tribune Business News

Tags: quarterly profit, Washington Mutual Inc.
Loan Drop Sinks Washington Mutual's Quarterly Profit.

- 2004-01-21

By Bradley Meacham, The Seattle Times Knight Ridder/Tribune Business News By Bradley Meacham, The Seattle Times Knight Ridder/Tribune Business News

Tags: quarterly profit, Washington Mutual Inc.
Refinancings, Bank Growth Fatten Washington Mutual's Quarterly Profit.

- 2003-07-16

By Bradley Meacham, The Seattle Times Knight Ridder/Tribune Business News By Bradley Meacham, The Seattle Times Knight Ridder/Tribune Business News

Tags: bank, quarterly profit, Washington Mutual Inc.
$1 Billion in Quarterly Profit Is a First For Washington Mutual.

- 2003-04-16

By Bradley Meacham, The Seattle Times Knight Ridder/Tribune Business News By Bradley Meacham, The Seattle Times Knight Ridder/Tribune Business News

Tags: quarterly profit, Washington Mutual Inc.
Seattle-Based Washington Mutual Posts 84 Percent Gain in Quarterly Profit.

- 2001-10-17

By Drew DeSilver, The Seattle Times Knight Ridder/Tribune Business News By Drew DeSilver, The Seattle Times Knight Ridder/Tribune Business News

Tags: quarterly profit, Washington Mutual Inc.

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Decision Makers

Name (plus bio)	Position
Alan H. Fishman	Chief Executive Officer
Al Brooks	President, Commercial Group
James B. Corcoran	President, Retail Banking
Robert J. Williams Jr.	President
Stephen J. Rotella	President & COO
Daryl D. David	Executive Vice President & Chief Human Resources Officer
Debora Horvath	CIO & Executive Vice President
Genevieve Smith	Chief Marketing Officer & Executive Vice President
J. Benson Porter	Chief Admin Officer & Executive Vice President
J. Bradley Davis	Chief Marketing, Communications Officer & Executive Vice President
John A. Maciel	Chief Financial Officer, General Auditor & Controller
Pia Jorgensen	Chief Technology Officer
Ronald J. Cathcart	Chief Enterprise Risk Officer & Executive Vice President
Thomas W. Casey	CFO & Executive Vice President
William Kosturos	Chief Restructuring Officer, Executive Vice President & Secretary
Annie Searle	Executive Vice President, Enterprise Risk Services
David Beck	Executive Vice President, Capital Markets
David C. Schneider	Executive Vice President and President, Home Loans
Dyan Beito	Executive Vice President, Enterprise Contacts
Edward Ely	Executive Vice President, Multi, Family Lending
Fay L. Chapman	General Counsel & Senior Executive Vice President
Frank Hattemer	Executive Vice President, Finance, Mortgage Banking
Keith Johnson	Executive Vice President
Lewis E. Love	Executive Vice President, Strategic Sourcing
Michael Allison	Executive Vice President, Commercial Real Estate
Taj Bindra	Executive Vice President, Finance & Service Operations
Todd Baker	Executive Vice President, Corp & Investor Strategy
Tony Meola	Executive Vice President, Home Loans
Alan Magleby	Senior Vice President, Investor Relations
Bill Murray	Senior Vice President
Chris Matthews	Senior Vice President, Advertising & Brand
Claire Raley	Senior Vice President
Conrad Vasquez	Senior Vice President, Commercial Operations
Doug Marshall	Senior Vice President, Product Development
Fernando Hernandez	Senior Vice President, Multicultural & Diversity Strategy
Greg Sayegh	Senior Vice President, Natl Retail Lending
Jim Gorzalski	Senior Vice President & Division Executive, Strategic Sourcing
John Berens	Senior Vice President, Service Delivery, Home Loans
John Schleck	Senior Vice President, Direct, to, Consumer Channels
Kathy Jacobs	Senior Vice President, Wholesale
Linda Clark Santos	Senior Vice President, HR
Mike Spalter	Senior Vice President, Infrastructure Services
Reza Aghamirzadeh	Senior Vice President, Community & External Affairs
Sari L. Macrie	Senior Vice President, Communications
Stephen A. Colanero	Senior Vice President, Retail Marketing
Susan C. Richardson	Senior Vice President, Corp Intranet Services
Thom Palmer	Senior Vice President, Correspondent
Youyi Chen	Senior Vice President, Mortgage Portfolio Management & Res
Austin Penny	Regional Vice President
Chelle Wingeleth	First Vice President, Enterprise Wide Recruiting
Dana Collier	Vice President, Executive Recruiting
Doris Koo	Vice President & Director, Western Reg
Douglas J. Aguiar	Vice President, Retail Marketing
Eduardo Sayan	Vice President, Emerging Markets
Helen Wang	Vice President & Senior Group Prod Manager
Mike Anderson	Vice President
Minerva Rodriguez	Vice President
Murphey Favre	Vice President, Marketing
Trevor Davis	Vice President
Vijay Bhasin	Vice President & Senior Manager, Credit Modeling
Vincent Hui	Vice President
Ray Rieckers	Assistant Director
Candy Goodwin	Purchasing Manager
Carol Mastenbrook	Benefits Manager
Charles A. Therriault	Project Manager, Home Loans Finance
David Kuhlmann	Corp Public Relations Manager
Iris Glaze	Manager, Shareholder Services
Nandita Bakhshi	Executive Vice President & Manager, Payment
William McFarland	Senior Project Manager
John F. Woods	Senior Vice President & Controller
J. Timothy Grant	Senior Credit Officer
Richard W Blunck
William L. Lynch	Secretary

Board of Directors

Name (plus bio)	Position
Stephen E. Frank	Chairman
Anne V. Farrell	Board of Directors
James H. Stever	Board of Directors
Margaret Osmer McQuade	Board of Directors
Michael K. Murphy	Board of Directors
Orin C. Smith	Board of Directors
Phillip D. Matthews	Board of Directors
Regina T. Montoya	Board of Directors
Stephen I. Chazen	Board of Directors
Thomas C. Leppert	Board of Directors
William A. Longbrake	Board of Directors
William G. Reed Jr.	Board of Directors

Alan Fishman is currently Chief Executive Officer of Washington Mutual, Inc. He also serves as Chairman of Meridian Capital Group. After a brief period working in his family's business, Mr. Fishman held a variety of senior executive prositions at Chemical Bank, a JP Morgan Chase predecessor, and A.I.G., served as President of Sovereign Bank, as CEO of ContiFinancial Corporation, and as President and CEO of Independence Community Bank. Mr. Fishman has also been a private equity investor, focusing on financial services at Neuberger and Berman, Adler & Shaykin and at his own firm Columbia Financial Partners. Mr. Fishman serves on the Board of Directors and is Chairman of the Audit Committee of KeySpan Corporation, the advisory board of Ironwood Management Partners, is Chairman of the Board of Trustees of the Brooklyn Academy of Music, Chairman of the Brooklyn Navy Yard Development Corporation, Co-Chairman of the Downtown Brooklyn Partnership and serves on the Boards of several other not-for-profit and civic organizations.

Organization	Position	Status
Washington Mutual, Inc.	Chief Executive Officer	Current
Meridian Capital Group LLC	Chairman	Current
KeySpan Corporation	Board of Directors	Current
Ironwood Management Partners II, LLC	Advisory Board	Current
Nycif	Board of Directors	Current
Brooklyn Bridge Park to Life	Board of Directors	Current
Independence Community Bank Corp.	President & Chief Executive Officer	Former
Sovereign Bank	President & Chief Operating Officer	Former
Neuberger Berman, LLC	Private Equity Investor	Former
Chemical Bank & Trust Company	Group Executive, Real Estate & Equities	Former
Independence Community Bank Corp.	Board of Directors	Former

Organization	Position	Status
Washington Mutual, Inc.	President, Commercial Group	Current

Organization	Position	Status
Washington Mutual, Inc.	President, Retail Banking	Current
Washington Mutual, Inc.	Head, Retail Banking Business	Former

Organization	Position	Status
Washington Mutual, Inc.	President	Current
Washington Mutual, Inc.	Senior Vice President & Corporate Treasurer, Washington Mutual Bank	Former
SunTrust Bank	Senior Vice President, Corporate Treasury	Former

Organization	Position	Status
Washington Mutual, Inc.	President & COO	Current

Organization	Position	Status
Washington Mutual, Inc.	Executive Vice President & Chief Human Resources Officer	Current
MagneTek, Inc.	senior vice president of human resources and administration	Former
Amazon.com, Inc.	vice president of strategic growth and human resources	Former
Whitworth College	bachelor's degree in business	Former

Organization	Position	Status
Washington Mutual, Inc.	CIO & Executive Vice President	Current

Organization	Position	Status
Washington Mutual, Inc.	Chief Marketing Officer & Executive Vice President	Current
Washington Mutual, Inc.	Executive Vice President, Customer Optimization	Former

Organization	Position	Status
Washington Mutual, Inc.	Chief Admin Officer & Executive Vice President	Current
Seattle University	J.D.	Former
Whitman College	bachelor of arts in economics	Former

Organization	Position	Status
Washington Mutual, Inc.	Chief Marketing, Communications Officer & Executive Vice President	Current

Organization	Position	Status
Washington Mutual, Inc.	Chief Financial Officer, General Auditor & Controller	Current
Washington Mutual, Inc.	Executive Vice President, Additional Restructuring Officer & Assistant Secretary and Assistant Treasurer	Former
Hexcel Corporation	Independent Contractor	Former

Organization	Position	Status
Washington Mutual, Inc.	Chief Technology Officer	Current
Washington Technology Industry Association	Board of Directors	Current

Organization	Position	Status
Washington Mutual, Inc.	Chief Enterprise Risk Officer & Executive Vice President	Current
Canadian Imperial Bank of Commerce	executive vice president, Retail Risk Management	Former
Bank One Corp	executive vice president of risk management	Former
The University of Western Ontario	master of business administration	Former
Dartmouth College	bachelor's degree	Former

Organization	Position	Status
Washington Mutual, Inc.	CFO & Executive Vice President	Current
PricewaterhouseCoopers	audit supervisor	Former
Kings College	Bachelor of Science degree in Accounting	Former

Organization	Position	Status
Washington Mutual, Inc.	Chief Restructuring Officer, Executive Vice President & Secretary	Current

Organization	Position	Status
Washington Mutual, Inc.	Executive Vice President, Enterprise Risk Services	Current

Organization	Position	Status
Washington Mutual, Inc.	Executive Vice President, Capital Markets	Current

Organization	Position	Status
Washington Mutual, Inc.	Executive Vice President and President, Home Loans	Current
CitiMortgage, Inc.		Former
Indiana University	MBA	Former
Babson College	BSBA in accounting	Former

Organization	Position	Status
Washington Mutual, Inc.	Executive Vice President, Enterprise Contacts	Current

Organization	Position	Status
Washington Mutual, Inc.	Executive Vice President, Multi, Family Lending	Current

Organization	Position	Status
Washington Mutual, Inc.	General Counsel & Senior Executive Vice President	Current
New York University	J.D.	Former
University of California, Los Angeles	bachelor's degree	Former

Organization	Position	Status
Washington Mutual, Inc.	Executive Vice President, Finance, Mortgage Banking	Current

Organization	Position	Status
Washington Mutual, Inc.	Executive Vice President	Current

Organization	Position	Status
Washington Mutual, Inc.	Executive Vice President, Strategic Sourcing	Current

Organization	Position	Status
Washington Mutual, Inc.	Executive Vice President, Commercial Real Estate	Current

Organization	Position	Status
Washington Mutual, Inc.	Executive Vice President, Finance & Service Operations	Current

Organization	Position	Status
Washington Mutual, Inc.	Executive Vice President, Corp & Investor Strategy	Current

Organization	Position	Status
Washington Mutual, Inc.	Executive Vice President, Home Loans	Current

Organization	Position	Status
Washington Mutual, Inc.	Senior Vice President, Investor Relations	Current

Organization	Position	Status
Washington Mutual, Inc.	Senior Vice President	Current

Organization	Position	Status
Washington Mutual, Inc.	Senior Vice President, Advertising & Brand	Current

Organization	Position	Status
Washington Mutual, Inc.	Senior Vice President	Current

Organization	Position	Status
Washington Mutual, Inc.	Senior Vice President, Commercial Operations	Current

Organization	Position	Status
Washington Mutual, Inc.	Senior Vice President, Product Development	Current

Organization	Position	Status
Washington Mutual, Inc.	Senior Vice President, Multicultural & Diversity Strategy	Current

Organization	Position	Status
Washington Mutual, Inc.	Senior Vice President, Natl Retail Lending	Current

Organization	Position	Status
Washington Mutual, Inc.	Senior Vice President & Division Executive, Strategic Sourcing	Current

Organization	Position	Status
Washington Mutual, Inc.	Senior Vice President, Service Delivery, Home Loans	Current

Organization	Position	Status
Washington Mutual, Inc.	Senior Vice President, Direct, to, Consumer Channels	Current

Organization	Position	Status
Washington Mutual, Inc.	Senior Vice President, Wholesale	Current

Organization	Position	Status
Washington Mutual, Inc.	Senior Vice President, HR	Current

Organization	Position	Status
Washington Mutual, Inc.	Senior Vice President, Infrastructure Services	Current

Organization	Position	Status
Washington Mutual, Inc.	Senior Vice President, Community & External Affairs	Current

Organization	Position	Status
Washington Mutual, Inc.	Senior Vice President, Communications	Current

Organization	Position	Status
Washington Mutual, Inc.	Senior Vice President, Retail Marketing	Current

Organization	Position	Status
Washington Mutual, Inc.	Senior Vice President, Corp Intranet Services	Current

Organization	Position	Status
Washington Mutual, Inc.	Senior Vice President, Correspondent	Current

Organization	Position	Status
Washington Mutual, Inc.	Senior Vice President, Mortgage Portfolio Management & Res	Current

Organization	Position	Status
Washington Mutual, Inc.	Regional Vice President	Current

Organization	Position	Status
Washington Mutual, Inc.	First Vice President, Enterprise Wide Recruiting	Current
Amazon.com, Inc.	Talent Acquisition Manager	Former

Organization	Position	Status
Washington Mutual, Inc.	Vice President, Executive Recruiting	Current

Organization	Position	Status
Washington Mutual, Inc.	Vice President & Director, Western Reg	Current

Organization	Position	Status
Washington Mutual, Inc.	Vice President, Retail Marketing	Current

Organization	Position	Status
Washington Mutual, Inc.	Vice President, Emerging Markets	Current

Organization	Position	Status
Washington Mutual, Inc.	Vice President & Senior Group Prod Manager	Current

Organization	Position	Status
Washington Mutual, Inc.	Vice President	Current

Organization	Position	Status
Washington Mutual, Inc.	Vice President	Current

Organization	Position	Status
Washington Mutual, Inc.	Vice President, Marketing	Current

Organization	Position	Status
Washington Mutual, Inc.	Vice President	Current

Organization	Position	Status
Washington Mutual, Inc.	Vice President & Senior Manager, Credit Modeling	Current

Organization	Position	Status
Washington Mutual, Inc.	Vice President	Current

Organization	Position	Status
Washington Mutual, Inc.	Assistant Director	Current

Organization	Position	Status
Washington Mutual, Inc.	Purchasing Manager	Current

Organization	Position	Status
Washington Mutual, Inc.	Benefits Manager	Current

Organization	Position	Status
Washington Mutual, Inc.	Project Manager, Home Loans Finance	Current

Organization	Position	Status
Washington Mutual, Inc.	Corp Public Relations Manager	Current

Organization	Position	Status
Washington Mutual, Inc.	Manager, Shareholder Services	Current

Organization	Position	Status
Washington Mutual, Inc.	Executive Vice President & Manager, Payment	Current

Organization	Position	Status
Washington Mutual, Inc.	Senior Project Manager	Current

Organization	Position	Status
Washington Mutual, Inc.	Senior Vice President & Controller	Current
Washington Mutual, Inc.	Controller	Former

Organization	Position	Status
Washington Mutual, Inc.	Senior Credit Officer	Current

Organization	Position	Status
Washington Mutual, Inc.		Current
Blue Light, Inc.	chief executive officer	Former
Kmart Corporation	chief technology	Former
Deloitte Touche Tohmatsu	senior manager	Former
Indiana University	MBA in management information systems	Former
Brigham Young University	Bachelor's degree in finance	Former
Brigham Young University	Bachelor's degree in finance	Former

Organization	Position	Status
Washington Mutual, Inc.	Secretary	Current

Organization	Position	Status
Washington Mutual, Inc.	Chairman	Current
Northrop Grumman Corporation	Board of Directors	Current
Southern California Edison Company	Chief Executive Officer	Former
Southern California Edison Company	President	Former
Verizon Communications Inc.	Vice President, Controller	Former
Southern California Edison Company	Chairman	Former
Intermec, Inc.	Director	Former
Washington Mutual, Inc.	Board of Directors	Former
Puget Energy, Inc.	Board of Directors	Former

Organization	Position	Status
Seattle Public Library Foundation	Board of Directors	Current
Washington Mutual, Inc.	Board of Directors	Current
Recreational Equipment, Inc.	Vice Chairman	Current
The Seattle Public Library	Trustee	Former
Recreational Equipment, Inc.	Director	Former

Organization	Position	Status
Washington Mutual, Inc.	Board of Directors	Current

Organization	Position	Status
Washington Mutual, Inc.	Board of Directors	Current

Organization	Position	Status
Washington Mutual, Inc.	Board of Directors	Current
Wm Group of Funds		Former

Organization	Position	Status
City of Seattle Corporation	Green Ribbon Commission Co-Chair	Current
Washington Mutual, Inc.	Board of Directors	Current
Conservation International	Board of Directors	Current
Nike, Inc.	Board of Directors	Current
The Walt Disney Company	Board of Directors	Current
Starbucks Corporation	Chief Executive Officer	Former
Starbucks Corporation	President	Former
Starbucks Corporation	Chief Financial Officer	Former
Starbucks Corporation	Vice President	Former
University of Washington		Former

Organization	Position	Status
Washington Mutual, Inc.	Board of Directors	Current
Worldwide Restaurant Concepts Inc.	Chairman	Former
Ashworth, Inc.	Board of Directors	Former
Wolverine World Wide, Inc.	Board of Directors	Former
Worldwide Restaurant Concepts Inc.	Board of Directors	Former

Organization	Position	Status
Washington Mutual, Inc.	Board of Directors	Current

Organization	Position	Status
Occidental Petroleum Corporation	President & Chief Financial Officer	Current
Lyondell Chemical Company	Director	Current
Washington Mutual, Inc.	Board of Directors	Current
Occidental Petroleum Corporation	Senior Executive Vice President	Former
Merrill Lynch & Co., Inc.	Managing Director, Investment Banking	Former
Premcor Inc.	Board of Directors	Former
Michigan State University	PhD, Geology	Former
The University of Houston	M.S., Finance	Former
Rutgers University	B.S., Geology	Former

Organization	Position	Status
Washington Mutual, Inc.	Board of Directors	Current
Aecon Group Inc.	Board of Directors	Current
The Turner Corporation	Chairman & CEO	Former
Turner Construction Company	Chairman	Former

Organization	Position	Status
Washington Mutual, Inc.	Board of Directors	Current
Washington Mutual, Inc.	Vice Chairman	Current

WILLIAM G. REED, JR., age 70, was chairman of Simpson Investment Company, a forest products holding company and the parent of Simpson Timber Company, from 1971 through June 1996. He served as chairman of the board of Safeco Corporation from January 2001 through December 2002 and as lead independent director from 2000 to 2004. He has served as a director of the Company since 1998.

Organization	Position	Status
Paccar Inc.	Board of Directors	Current
Washington Mutual, Inc.	Board of Directors	Current
Seattle Times Company	Director	Current
Simpson Investment Company	Chairman, Simpson Timber Company	Former
Simpson Investment Company	Director	Former

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