If you had a loan with Washington Mutual Bank, you should continue to make your payments as usual. The terms of your loan will not change because they are contractually agreed to in your promissory note. Checks should be made payable as usual and sent to the same address until further notice.

Who is the receiver for Washington Mutual Bank?

Subsequent to the closure, JPMorgan Chase acquired the assets and most of the liabilities, including covered bonds and other secured debt, of Washington Mutual Bank from the FDIC as Receiver for Washington Mutual Bank. Any claims by equity, subordinated and senior unsecured debt holders were not acquired.

What was the size of Washington Mutual Bank?

Washington Mutual Bank as of June 30, 2008, had total assets of $307 billion, 2,239 retail branch offices, and 43,198 employees. Their assets were roughly unchanged just three months later at the beginning of September.

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)).

Is the Washington Mutual Bank still in business?

Washington Mutual, unfortunately, was also deeply involved in subprime mortgage loans, which led to the company’s downfall. Today’s the Washington Mutual brand lives on under Chase Bank.

What’s the difference between Chase Bank and Washington Mutual?

Today’s the Washington Mutual brand lives on under Chase Bank. Consumers looking for mortgage rates, auto loans, certificates of deposit (CDs), savings accounts, and more can shop at Chase and enjoy the same benefits that WaMu once offered. Even better, you can compare Chase Bank interest rates on RateZip.