2008 FDIC Insured Failed Banks
September 25, 2008: Washington Mutual, Inc - Washington Mutual Bank, Henderson, NV and Washington Mutual Bank, FSB, Park City, UT - were sold in a transaction facilitated by the Office of Thrift Supervision and the Federal Deposit Insurance Corporation. The banks had combined assets of $307 billion and total deposits of $188 billion.
Successor Bank: All former Washington Mutual Bank reopened as branches of JPMorgan Chase Bank. All deposit accounts and loans were transferred to JPMorgan Chase Bank.
J P Morgan Chase Bank, NA
History: Established in 1988 as American Savings Bank, F.S.B
1991 Acquired Columbia Savings And Loan Association, F.A.
1992 Acquired Far West Savings And Loan Association, F.A.
1992 Acquired Valley Federal Savings And Loan Association
1994 Acquired Encino Savings Bank, FSB as part of a government assisted transaction.
1997 Changed name to Washington Mutual Bank, FA
1997 Acquired Great Western Bank, A FSB
1998 Acquired Home Savings Of America, FSB
2001 Acquired Bank United
2002 Acquired The Dime Savings Bank Of New York, FSB
2005 Acquired Washington Mutual Bank
2005 Changed name to Washington Mutual Bank
2005 Acquired Providian National Bank
2006 Acquired Commercial Capital Bank, FSB
2008 Merged with government financial assistance into JPMorgan Chase Bank
► Depositors must establish contact or the successor bank or the FDIC to reclaim their deposits. ► Not every depositor in a failed bank will receive notification from the FDIC, and there are time limits on claims of FDIC-insured bank accounts, CDs and safe deposit boxes. By law, accounts which go unclaimed for an extended period may be time barred, and safe deposit boxes can be drilled and the contents sold at auction. ► Additionally, accounts transferred to successor institutions may have lower interest rates and can lose insurance coverage.
► It is important to understand you may have an account at a failed institution and not know it, either because you were a depositor at a bank acquired by an institution that subsequently failed, or if you or a deceased family member are the beneficial owner of a brokered fiduciary account.
► For assistance tracing and reclaiming a lost bank account, certificate of deposit (CD) or safe deposit box go to: Unclaimed Account Search
Washington Mutual Bank
2273 N Green Valley Pkwy
Henderson, NV 89014
Established in 1988 as
American Savings Bank
|Cost to FDIC: $0|