There are times when the term mutual can be clearly misleading. Take the case of Washington Mutual. This term in the name has no connection with any mutual fund company and is not a credit union. Washington Mutual is actually a bank. This bank does business with customers, both small and large. While many of his clients are ordinary people, there are times when small banks out their business with this bank as well.
While this bank was founded in 1889, has been consistently the best possible service to its many customers. In June 2005, Washington Mutual became known as the sixth largest bank in the U.S. The great heritage that was valued at this time showed a value of about $ 350.7 billion.
The services Washington Mutual offers customers insurance services, consumer loans, credit card services, consumer investment services, commercial real estate mortgage, retail banking, commercial lending, mortgage lending, business banking. To help its customers Washington Mutual opened 2,600 mortgage lending, retail banking, financial services offices and commercial banks in June 2006.
Now even though Washington Mutual Bank is the sixth largest bank in the U.S. is the only bank in the main survivors of Seattle. The other banks operating in Seattle all became parts of different bank mergers. In addition to these branches, the bank’s various subsidiaries are Washington Mutual.
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