BNET Industries

Washington Mutual Inc.

(WM) is in the Financial Services Industry

Market Cap:$15.8B
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

NAICS Code Savings Institutions: 522120

Recent Events

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    9/15/09 - Mgmt. Change Entering - CEO - View Story

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    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

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    7/31/09 - Merger / Acquisition - View Story

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    7/16/09 - Financial Announcement - View Story

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    7/24/09 - Merger / Acquisition - View Story

News & Analysis

washington mutual inc. - All News and Analysis

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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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     WM $32.30 +0.13 (0.40% )
Intraday | 3 Month | 6 Month | 1 Year
Average Volume 2,367,760
Shares Outstanding 489.65M
Market Cap 15.8B
Year High 33.14
Year Low 0.13
Earnings Per Share 1.81
P/E Ratio 17.85
Dividend 1.16
Yield 3.59
IndustryTop Rated

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