This morning I noticed the following headline on my Comcast.net homepage - “WaMu Becomes Biggest Bank to Fail in US History”.
According to the article - “The Federal Deposit Insurance Corp. seized WaMu on Thursday, and then sold the thrift's banking assets to JPMorgan Chase & Co. for $1.9 billion.”
“For all depositors and other customers of Washington Mutual Bank, this is simply a combination of two banks," states FDIC Chairman Sheila 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."
Chase has compiled a FAQ that all those who bank with Washington Mutual should read.
I will be going to the WaMu branch either later today or tomorrow morning to use the ATM.