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What is 'Pawn Your Diamond'?
'Pawn Your Diamond' offers the community information
about the Fortune 500 companies.
Why the name?
The aim behind our name is to give young
entrepreneurs the incentive to start from scratch with
the hope that this small money they got from pawning a
diamond they had aside, grows and flourishes into a
multi billion dollar corporation.
Too dreamy?
Simply NOT. Such famous corporations did not exist
forever. Each and every foundation did start somewhere
and usually had one or a few founding members. So grab
the general concept and work hard!
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Fortune 500 - Spot Number 131
Company Information
Name: Washington Mutual Inc.
Industry: S&Ls/Savings Banks
Description: Washington Mutual Inc. is a financial services company committed to serving consumers and small to mid-sized businesses. Through its subsidiaries, Washington Mutual engages in the following lines of business: consumer banking, mortgage banking, commercial banking, financial services and consumer finance. The Company's principal banking subsidiaries are Washington Mutual Bank, FA, Washington Mutual Bank and Washington Mutual Bank fsb. The banking subsidiaries accept deposits from the general public, make, buy and sell residential loans, consumer loans, and commercial loans, and engage in certain commercial banking activities. The Company originates, purchases, sells and services specialty mortgage finance loans through its subsidiaries, Washington Mutual Finance Corporation and Long Beach Mortgage Company.
Financial Summary: For the nine months ended 30 September 2005, Washington Mutual Inc.'s interest income rose 33% to $11.01B. Net interest income after loan loss provision rose 11% to $5.63B. Net income from continuing operations rose 42% to $2.57B. Net interest income reflects higher loans outstanding, partially offset by higher borrowing costs. Earnings reflect an increase in home loan mortgage banking income.
Business Summary: Washington Mutual, Inc. (Washington Mutual) is a retailer of financial services to consumers and small businesses. The Company is a savings and loan holding company. It owns two federal savings associations, as well as numerous non-bank subsidiaries. Washington Mutual has three operating segments: the Retail Banking and Financial Services Group, the Mortgage Banking Group and the Commercial Group. Both the Retail Banking and Financial Services Group and the Mortgage Banking Group are consumer-oriented while the Commercial Group serves commercial customers. The Company serves 11.7 million consumer households through multiple distribution channels, including 1,939 retail banking stores, 478 lending stores and centers, 3,350 automated teller machines (ATMs), correspondent lenders, telephone call centers and online banking. On January 1, 2005, its state savings bank, Washington Mutual Bank merged into Washington Mutual Bank, FA.
Misc Details
Symbol: WM
City: Seattle
State: WA
ZIP Code: 98101
Address: 1201 3rd Ave
WMT2140
Phone: 206-461-2000
Fax: 206-554-2778
Website: http://www.wamu.com
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