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The former Washington Mutual Savings Bank | by Can Pac Swire
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The former Washington Mutual Savings Bank

The Fifth Avenue facade of the Times Square Building in Seattle. The building used to be called the Times Building and housed the Seatttle Times newspaper's editorial offices until 1930.

 

Washington Mutual, popularly known as WaMu, started out as a mutual bank founded in 1889. In 1983 it demutualised/ demutualized to become a joint-stock bank. Amidst the American housing collapse and global credit crisis in 2008, it became illiquid and was seized by the FDIC (Federal Deposit Insurance Corp.) and subquently taken over by JPMorgan Chase & Co.

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Taken on May 12, 2012