•0-K 1 a06-2446 110k.htm ANNUAL REPORT PURSUANT TO SECTION 13 AND 15(D)UNITED STATES SECURITIES AND EXCHANGE COMMISSIONWASHINGTON, D.C. 20549FORM 10-KANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED DECEMBER 31, 2005 Commission File Number 1-14667WASHINGTON MUTUAL, INC.(Exact name of registrant as specified in its charter)General Washington Mutual, Inc. is a Washington State corporation. It owns two federal savings associa
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• 0-K 1 a06-2446 110k.htm ANNUAL REPORT PURSUANT TO SECTION 13 AND 15(D) UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED DECEMBER 31, 2005 Commission File Number 1-14667 WASHINGTON MUTUAL, INC. (Exact name of registrant as specified in its charter) General Washington Mutual, Inc. is a Washington State corporation. It owns two federal savings associations as well as numerous nonbank subsidiaries. Washington Mutual, Inc. is a savings and loan holding company. As a savings and loan holding company, Washington Mutual, Inc. is subject to regulation by the Office of Thrift Supervision (the "OTS"). The federal savings associations are subject to extensive regulation and examination by the OTS_ their primary federal regulator. as well as the Federal Deposit Insurance Corporation ("FDIC"). On January 1, 2005, the Company's state savinggbank, former Washington Mutual Bank merged into Washington Mutual Bank, FA, and 'ceased to exist; subkequently, Washington Mutual Bank, FA changed its name to Washington Mutual Bank ("WMB"). Consequently, the Company no longer owns a state savings bank that is subject to regulation and supervision by the Director of Financial Institutions of the State of Washington. Its nonbank financial subsidiaries are also subject to various federal and state laws and regulations. Both of the Company's banking subsidiaries are under the common control of Washington Mutual, Inc. and are insured by the FDIC. If an insured institution fails, claims for administrative expenses of the receiver and for deposits in U.S. branches (including claims of the FDIC as subrogee of the failed institution) have priority over the claims of general unsecured creditors. In addition, the FDIC has 6 authority to require either of the Company's banking subsidiaries to reimburse it for losses it incurs in connection with the failure of the other banking subsidiary or with the FDIC's provision of assistance to a Washington Mutual banking subsidiary that is in danger of failure.
Transcript
• 0-K 1 a06-2446 110k.htm ANNUAL REPORT PURSUANT TO SECTION 13 AND 15(D)
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-K
ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED DECEMBER 31, 2005
Commission File Number 1-14667
WASHINGTON MUTUAL, INC. (Exact name of registrant as specified in its charter)
General Washington Mutual, Inc. is a Washington State corporation. It owns two federal savings associations as well as
numerous nonbank subsidiaries. Washington Mutual, Inc. is a savings and loan holding company. As a savings and loan holding company, Washington Mutual, Inc. is subject to regulation by the Office of Thrift Supervision (the "OTS").
The federal savings associations are subject to extensive regulation and examination by the OTS_ their primary federal regulator. as well as the Federal Deposit Insurance Corporation ("FDIC"). On January 1, 2005, the Company's state savinggbank, former Washington Mutual Bank merged into Washington Mutual Bank, FA, and 'ceased to exist; subkequently, Washington Mutual Bank, FA changed its name to Washington Mutual Bank ("WMB"). Consequently, the Company no longer owns a state savings bank that is subject to regulation and supervision by the Director of Financial Institutions of the State of Washington. Its nonbank financial subsidiaries are also subject to various federal and state laws and regulations.
Both of the Company's banking subsidiaries are under the common control of Washington Mutual, Inc. and are insured by the FDIC. If an insured institution fails, claims for administrative expenses of the receiver and for deposits in U.S. branches (including claims of the FDIC as subrogee of the failed institution) have priority over the claims of general unsecured creditors. In addition, the FDIC has
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authority to require either of the Company's banking subsidiaries to reimburse it for losses it incurs in connection with the failure of the other banking subsidiary or with the FDIC's provision of assistance to a Washington Mutual banking subsidiary that is in danger of failure.
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History of Washington Mutual Bank, FA, Stockton, California (FDIC Cert: 32633) Note: This institution is currently part of JPMorgan Chase Bank, National Association, Columbus, Ohio (FDIC Cert: 628)
Date Event
1 12/27/1988 Institution established. Original name: American Savings Bank, FA (
2 6/14/1990 Changed name to American Savings Bank, F.A. ( ).
3 9/11/1991 Acquired American Savings Bank, F.S.B. ( ) in Huntington Beach, California.
4 9/13/1991 Acquired Columbia Savings And Loan Association, F.A. (33350 in Beverly Hills, California.
5 3/20/1992 Acquired Far West Savings And Loan Association, F.A. (333 - ') in Newport Beach, California.
6 4/10/1992 Acquired Valley Federal Savings And Loan Association (11 . ) in Van Nuys, California.
7 6/3/1994 Acquired Encino Savings Bank, Fsb ( 484) in Encino, California as part of a government assisted transaction.
8 10/1/1997 Changed name to Washington Mutual Bank, FA (
9 10/1/1997 , Acquired Great Western Bank, A Fsb ( ) in Chatsworth, California.
10 10/3/1998 Acquired Home Savings Of America, Fsb ( ) in Irwindale, California.
11 2/13/2001 Acquired Bank United ( ) in Houston, Texas.
12 1/7/2002 Acquired The Dime Savings Bank Of New York, Fsb ( ) in New York City, New York.
13 1/1/2005 Acquired Washington Mutual Bank ( ) in Seattle, Washington.
14 4/4/2005 Changed name to Washington Mutual Bank ( ).
15 9/23/2005 Moved bank headquarters from Stockton, California to Henderson, Nevada.
16 10/1/2005 Acquired Providian National Bank ( ) in Tilton, New Hampshire.
17 3/1/2006 Reorganized.
18 10/1/2006 Acquired Commercial Capital Bank, Fsb ( ) in Irvine, California.
19 9/25/2008 Merged with government financial assistance and subsequently operated as part of JPMorgan Chase Bank, National Association ( ) in Columbus, Ohio.
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• • History of Washington Mutual Bank, Stockton, California (FDIC Cert: 32633) Note: This institution is currently part of JPMorgan Chase Bank, National Association, Columbus, Ohio (FDIC Cert: 628)
NV CALIFORNIA
http://www2.fdic.gov/idasp/main_bankfind.asp Date Event
1 12/27/1988 Institution established. Original name: American Savings Bank, FA (
2 6/14/1990 Changed name to American Savings Bank, F.A. (
3 9/11/1991 Acquired American Savings Bank, F.S.B. ( ) in Huntington Beach, California.
4 9/13/1991 Acquired Columbia Savings And Loan Association, F.A. ( _It) in Beverly Hills, California.
5 3/20/1992 Acquired Far West Savings And Loan Association, F.A. (33324) in Newport Beach, California.
6 4/10/1992 Acquired Valley Federal Savings And Loan Association ( ) in Van Nuys, California.
7 6/3/1994 Acquired Encino Savings Bank, Fsb (' '484) in Encino, California as part of a government assisted transaction.
8 10/1/1997 Changed name to Washington Mutual Bank, FA ( ).
9 10/1/1997 Acquired Great Western Bank, A Fsb ( ) in Chatsworth, California.
10 10/3/1998 Acquired Home Savings Of America, Fsb ( ) in Irwindale, California.
11 2/13/2001 Acquired Bank United ( ) in Houston, Texas.
12 1/7/2002 Acquired The Dime Savings Bank Of New York, Fsb ( ) in New York City, New York.
13 1/1/2005 Acquired Washington Mutual Bank ( ) in Seattle, Washington.
14 4/4/2005 Changed name to Washington Mutual Bank ( 11 P 1 ').
15 9/23/2005 Moved bank headquarters from Stockton, California to Henderson, Nevada.
16 10/1/2005 Acquired Providian National Bank ( 252) in Tilton, New Hampshire. 17 3/1/2006 Reorganized.
18 10/1/2006 Acquired Commercial Capital Bank, Fsb ( ) in Irvine, California. 19 9/25/2008 Merged with government financial assistance and subsequently operated as
part of JPMorgan Chase Bank, National Association ( ) in Columbus, Ohio.
Key demographic information as of March 3, 2011
Washington Mutual Bank 2273 North Green Valley Parkway
Henderson, W 89014
http://www2.fd
•
ic.gov/idasp/confirmation.asp?inCert1=32633
1110
FDIC: Confirmation & Report Selection
FDIC Certificate #: Bank Charter Class: Primary Federal Regulator: Primary Internet Web Address
Inactive as of: Closing history: Acquiring institution: Closing Information:
32633 Savings Association Office of Thrift Supervision Web site not available
Date Established: 12/27/1988 Date of Deposit Insurance: 12/27/1988
I More Demographic Information Generate HiStory
This is an inactive institution. September 25, 2008 Merged with Financial Assistance into JPMorgan Chase Bank, National Association - (628) http://www.fdic.gov/bank/individual/failed/wamu . html
ID Report Selections:
Assets and Liabilities
Information Gateway:
Report Date:
June 30, 2008 Generate Report
0 Current List of Offices not available
0 Compare to Peer Group(s)
FFIEC Call/TFR Report 6/30/2008 Latest Available
(= FFIEC UBPR not available
0 FDIC/OTS Summary of Deposits
More Information
Bank Holding Company Ownership and Affiliates not available
0 Regional Economic Conditions (FDIC RECON)
0 Organization Hierarchy from the Federal Reserve System
0 OTS CRA ratings
0 Consumer Assistance from Primary Federal Regulator
Press 0 for description
Questions, Suggestions & Requests
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FDIC: Financial Report 40 http://www2.fdic.gov/idasp/rpt_Financial.asp • Washington Mutual Bank 2273 North Green Valley Parkway
Henderson, NV 89014
Definition
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FDIC Certificate
Demographic Information
Status
Bank Holding Company (Regulatory Top Holder)
Certificate#
Federal Reserve ID Number
Institution Name
City,State,Zip
Number of Domestic Offices
Number of Foreign Offices
Interstate Offices
Summary Of Deposits
Current List of Total Offices
Asset Concentration Hierarchy
Subchapter S Corporation
County
Metropolitan Statistical Area
Established Date
Date of Deposit Insurance
Last Structure Change Process Date
Last Structure Change Effective Date
Ownership Type
Directly Owned by Another Bank?(CERT)
Trust Powers Granted
Bank Charter Class
Regulator
Insurance fund membership
FDIC Quarterly Banking Profile Region
FDIC Geographic Region
FDIC Supervisory Region
FDIC Field Office
Federal Reserve District
#: 32633 Bank Charter Class . SA
June 30, 2008
Active
32633
1222108
Washington Mutual Bank
Henderson, NV, 89014
N/A
N/A
N/A
June 30, 2008
March 3, 2011
Inactive
32633
1222108
Washington Mutual Bank
Henderson, NV, 89014
Las Vegas-Paradise, NV
December 27, 1988
December 27, 1988
September 30, 2008
September 25, 2008
N/A
Savings Association
OTS
DIF
San Francisco
San Francisco
San Francisco
Phoenix
San Francisco
June 30, 2008
Active
32633
1222108
Washington Mutual Bank
Henderson, NV, 89014
N/A
N/A
N/A
Ju,e 30, 2008
Mortgage Lending Specialization
No
Clark
Las Vegas-Paradise, NV
December 27, 1988
December 27, 1988
Stock
No
No
Savings Association
OTS
DIF
San Francisco
San Francisco
SAN FRANCISCO
Phoenix
San Francisco
Mortgage Lending Specialization
No
Clark
Las Vegas-Paradise, NV
December 27, 1988
December 27, 1988
Stock
No
No
Savings Association
OTS
DIF
San Francisco
San Francisco
SAN FRANCISCO
Phoenix
San Francisco
1 of 2 3/8/2011 1:45 PM
FDIC: Financial Report 40
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Office of the Comptroller of the Currency District
Office of Thrift Supervision Region
Dr'nary Web Address
Western
West
wA
Western
West
N/A
Western
West
WA
3/8/2011 1:45 PM
2 of 2
FDIC: Your Bank at a Glance • http://w w w2.fdic.gov/i dasp/frmBankAtGlanc e. asp?inCert1=32633 &S... • Back to Search Bank Find
Notice of Change as of 3/3/2011.
The financial institution about which you have inquired, Washington Mutual Bank, FA (FDIC Cert.
32633), is no longer doing business under that name.
The active successor institution is JPMorgan Chase Bank, National Association (FDIC Cert: 628).
Latest information available about JPMorgan Chase Bank. National Association.
Historical profile and institutions following Washington Mutual Bank. FA.
Last financial information available about Washington Mutual Bank, FA
Contact the FDIC about - Washington Mutual Bank, FA or JPMorgan Chase Bank National Association.
Ouestis SyApestions 8 Requests
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History of Washington Mutual Bank Fsb, Lake Oswego, Oregon (FDIC Cert: 33891) Note: This institution is currently part of JPMorgan Chase Bank, National Association, Columbus, Ohio (FDIC Cert: 628)
Date
fAW-1
Event
1 4/15/1994 Institution established. Original name: Washington Mutual Federal Savings Bank )
2 5/1/1995 Acquired Olympus Bank A Federal Savings Bank ( ) in Salt Lake City, Utah.
3 12/1/1995 Changed name to Washington Mutual Bank Fsb ( 11).
4 11/30/1996 Acquired Utah Federal Savings Bank ( ) in Ogden, Utah.
5 4/27/2007 Moved bank headquarters from Lake Oswego, Oregon to Park City, Utah.
6 9/25/2008 Merged into and subsequently operated as part of JPMorgan Chase Bank, National Association in Columbus, Ohio ( )
Each depositor insured to at least $250,000 per insured bank
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Press Releases
JPMorgan Chase Acquires Banking Operations of Washington Mutual FDIC Facilitates Transaction that Protects All Depositors and Comes at No Cost to the Deposit Insurance Fund
FOR IMMEDIATE RELEASE September 25, 2008
Media Contact: Andrew Gray (202) 898-7192
an uravAtUiLgo v
JPMorgan Chase acquired the banking operations of Washington Mutual Bank in a transaction facilitated
by the Federal Deposit Insurance Corporation. All depositors are fully protected and there will be no cost to the Deposit Insurance Fund.
"For all depositors and other customers of Washington Mutual Bank, this is simply a combination of two banks," said FDIC Chairman Sheila C. Bair, "For bank customers, it will be a seamless transition. There will be no interruption in services and bank customers should expect business as usual come Friday morning."
JPMorgan Chase acquired the assets, assumed the qualified financial contracts and made a payment of $1.9 billion. Claims by equity. subordinated and senior debt holders were not acquired.
"WaMu's balance sheet and the payment paid by JPMorgan Chase allowed a transaction in which neither the uninsured depositors nor the insurance fund absorbed any losses." Bair said.
Washington Mutual Bank also has a subsidiary, Washington Mutual FSB, Park City, Utah. They have combined assets of $307 billion and total deposits of $188 billion.
Thursday evening, Washington Mutual was closed by the Office of Thrift Supervision and the FDIC named receiver. WaMu customers with questions should call their normal banking representative, service center, 1-800-788-7000 or visit WaMU. co - The FDIC's consumer hotline is 1-877-ASK-FDIC
(1-877-275-3342) or visit www.fcmfic.
Additional Notices
• JP Morgan Acquires All Qualified Financial Contracts as Part of Washington Mutual Acquisition
• Washington Mutual Bank Investors — Additional Information • Continuation of Contracts Transferred From Washington Mutual Bank
# # #
Congress created the Federal Deposit Insurance Corporation in 1933 to restore public confidence in the nation's banking system. The FDIC insures deposits at the nation's 8,451 banks and savings associations and it promotes the safety and soundness of these institutions by identifying, monitoring and addressing risks to which they are exposed. The FDIC receives no federal tax dollars — insured financial institutions fund its operations.
FDIC press releases and other information are available on the Internet at www.fdic.gov by subscription electronically (go to ) and may also be obtained through the
FDIC's Public Information Center (877-275-3342 or 703-562-2200). PR-85-2008
Last Updated 926/2008
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• • Return Address: Washington Mutual Bank Office of the Corporate Secretary 1301 2nd Ave., WMC3501 Seattle, WA 98101
111001011111111 20081003000790 COOK AFF 44.00 PAGE-001 OF 003 10/03/2008 13:11 KING COUNTY, WA
Please print or type information WASHINGTON STATE RECORDER'S Cover Sheet (RCW 65.04)
Document Title(p) (or transactions contained therein): (all areas applicable to your document must be filled in) Affidavit of the Federal Deposit
1. Insurance Corporation 2.
3. 4.
Reference Number(s) of Documents assigned or released:
Additional reference #'s on page of document
Grantor(s) Exactly as name(s) appear on document Washington Mutual Bank, formerly known
1.as Washington Mutual Bank, FA Federal Deposit Insurance
2.Corporation
Additional names on page of document.
Grantee(s) Exactly as name(s) appear on document
1.JPMorgan Chase Bank, National Association
2.
Additional names on page of document.
Legal description (abbreviated: i.e. lot, block, plat or section, township, range)
Additional legal is on page of document.
Assessor's Property Tax Parcel/Account Number ❑ Assessor Tax # not yet assigned
The Auditor/Recorder will rely on the information provided on this form. The staff will not read the document to verify the accuracy or completeness of the indexing information provided herein.
"I am signing below and paying an additional $50 recording fee (as provided in RCW 36.18.010 and referred to as an emergency nonstandard document), because this document does not meet margin and formatting requirements. Furthermore, I hereby understand that the recording process may cover up or otherwise obscure some part of the text of the original document as a result of this request."
Signature of Requesting Party
Note to submitter: Do not sign above nor pay additional $50 fee if the document meets margin/formatting requirements
• Recording Requested By and When Recorded Mail to:
Washington Mutual Bank Office of the Corporate Secretary 1301 2nd Ave., WMC3501 Seattle, WA 98101
Space Above for Recording Information
AFFIDAVIT OF THE FEDERAL DEPOSIT INSURANCE CORPORATION
I, Robert C. Schoppe, having been first duly sworn, hereby make this Affidavit and say that:
1. I am an authorized representative of the Federal Deposit Insurance Corporation, an agency of the United States government (the "FDIC").
2. On September 25, 2008, Washington Mutual Bank, formerly known as Washington Mutual Bank, FA ("Washington Mutual"), was closed by the Office of Thrift Supervision and the FDIC was named receiver.
3. As authorized by Section 11(d)(2)(G)(i)(II) of the Federal Deposit Insurance Act, 12 U.S.0 § 1821(d)(2)(G)(i)(II), the FDIC, as receiver of Washington Mutual, may transfer any asset or liability of Washington Mutual without any approval, assignment, or consent with respect to such transfer.
4. Pursuant to the terms and conditions of a Purchase and Assumption Agreement between the FDIC as receiver of Washington Mutual and JPMorgan Chase Bank, National Association ("JPMorgan Chase"), dated September 25, 2008 (the "Purchase and Assumption Agreement'), JPMorgan Chase acquired certain of the assets, including all loans and all loan commitments, of Washington Mutual.
5. As a result, on September 25, 2008, JPMorgan Chase became the owner of the loans and loan commitments of Washington Mutual by operation of law.
Executed this day of October, 2008 in Seattle, King County, Washington.
/- AO_ P nt ert C. oppe Tit e: Receiver In Charge for FDIC as Receiver of Washington Mutual Bank
DOCSSEA/186745. vl
Dated this day of October, 2008.
Notary Public in and Washington, residing in My commission expires: 0
• NOTARY'S ACKNOWLEDGMENT
STATE OF WASHINGTON ) SS.
COUNTY OF KING
I certify that I know or have satisfactory evidence that Robert C. Schoppe is the person who appeared before me, and said person acknowledged that he signed this instrument, on oath stated that he was authorized to execute the instrument and acknowledged it as the Receiver In Charge of the Federal Deposit Insurance Corporation, as Receiver of Washington Mutual Bank to be the free and voluntary act of such party for the uses and purposes mentioned therein.
DOCSSEA/186745.v1
Business & Technology I Washington Mutual timeline I Seattle Times... 11 p://seattletimes.nwsource.com/html/businesstechnolog/20145281...
Crete Seattle qintes Winner of a 2010 Pulitzer Prize
Originally published Thursday, March 17, 2011 at 5:03 PM
Washington Mutual timeline
1889: Washington National Building Loan and Investment Association is founded after fire destroys much of Seattle's core. The following year it...
1889: Washington National Building Loan and Investment Association is founded after fire destroys much of Seattle's core. The following year it makes the first monthly installment home loan on the Pacific Coast, lending $700 to build a house in Ballard.
1917: Reconstituted as Washington Mutual Savings Bank, it has more than 16,000 depositor-owners when the U.S. enters World War I. During the war, Washington Mutual's assets rise 68 percent.
1930: Washington Mutual makes the first of many acquisitions, rescuing Continental Mutual Savings Bank from financial distress as the Great Depression deepens.
197os: The company pioneers the first shared cash-machine network in the nation, The Exchange.
1980s: Washington Mutual buys brokerage firm Murphey Favre of Spokane. It converts to investor ownership, with shares starting to trade on March 11, 1983.
Early 199os: Kerry Killinger becomes CEO in April 1990 and chairman of the board the next January. From 1990 to 1996, WaMu acquired 16 smaller banks in Washington, Oregon, Utah and California.
1997-98: Washington Mutual buys Great Western Financial and H.F. Ahmanson for a combined $13.6 billion, becoming a West Coast power with their strong California presence.
1999: The company buys subprime lender Long Beach Financial, which writes mortgages for people with less-than-stellar credit. Killinger calls it "an important extension of Washington Mutual's core strategy to be one of the nation's leading consumer-oriented financial-services institutions."
2001: Acquisition of Dime Bancorp gives Washington Mutual a big New York presence. The company also buys Fleet Mortgage, becoming for a time the nation's No. 1 mortgage originator.
2005: Washington Mutual buys credit-card issuer Providian Financial.
2006: Washington Mutual eliminates more than lo,000 jobs to cut costs as mortgage originations slow.
April 2007: WaMu reports a 20 percent decline in first-quarter profit, beginning a year of increasing difficulties. Killinger warns of "unprecedented deterioration" in the subprime-mortgage market but predicts WaMu's home-lending unit will become profitable again by year's end.
December 2007: WaMu shares hit an 11-year low after it cuts its dividend by 73 percent. The company says it's cooperating with an Securities and Exchange Commission inquiry stemming
3/18/2011 6:01 PM 1 of 2
Business & Technology I Washington Mutual timeline I Seattle Times... http://seattletimes.nwsource.com/htrnl/businesstechnology/2014528
from allegations by N.Y. Attorney General Andrew Cuomo that it made mortgage loans based on improperly inflated home appraisals.
Jan. 17, 2008: WaMu posts its first annual loss since Ronald Reagan was president, due to fourth-quarter red ink of $1.87 billion.
April 8, 2008: An investor group led by David Bonderman's TPG pumps $7.2 billion into WaMu, getting just over 5o percent of the company at $8.75 a share. WaMu says it will close its approximately 186 remaining stand-alone home-loan offices, laying off 2,60o to 3,000 workers.
June 2, 2008: Kerry Killinger is removed as WaMu chairman after 17 years, replaced by board member Stephen Frank. Killinger remains CEO.
June 17, 2008: WaMu says it is cutting 1,200 more jobs, including 260 at its downtown Seattle headquarters.
July 14, 2008: Investors worried about the financial sector's weakness send WaMu shares down 35 percent to $3.23, a level not seen since February 1991.
July 22, 2008: WaMu posts a $3.3 billion loss for the second quarter.
Sept. 7, 2008: CEO Killinger is forced out, replaced by Alan Fishman, former chief executive of Independence Community Bank of New York. U.S. government takes control of mortgage giants Fannie Mae and Freddie Mac.
Sept. 14-19, 2008: Lehman Brothers files for bankruptcy protection, Merrill Lynch is rescued by Bank of America and the federal government takes over insurer American International Group. WaMu's shares sink to $2.01.
Sept. 25, 2008: After massive withdrawals by depositors, regulators seize WaMu and arrange a sale of its assets and deposits to JP Morgan Chase in the largest bank failure in U.S. history.
December 2008: Chase begins laying off 8o percent of WaMu's local workforce and consolidating the 800 remaining office workers into the WaMu Center building.
March 12, 2010: The Washington Mutual Inc. holding company, in bankruptcy since WaMu failed, reaches tentative agreement with JPMorgan Chase & Co. and Federal Deposit Insurance Corporation (FDIC) over some $4 billion in disputed assets.
April 13, 2010: Killinger, in first public comments since being ousted, tells Senate panel that regulators unfairly seized WaMu's banking operations before its turnaround was complete.
Feb. 8, 2011: Court receives new bankruptcy plan for Washington Mutual Inc., after judge's January ruling that the prior plan's settlement with FDIC and JPMorgan was fair and reasonable but it granted too much protection from legal liabilities to the company's officers, directors and others.
March 17, 2011: FDIC sues Killinger, former chief operating officer Stephen Rotella and David Schneider, former president of WaMu's Home Loans division, seeking more than $900 million.
