WaMu Customers, Welcome to JPMorgan Chase!
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A. Your money is secure and now protected by the strength of Chase. Chase assumed all deposits of Washington Mutual.
WaMu is the latest casualty of a financial crisis that drove Lehman Brothers Holdings Inc. and IndyMac Bancorp out of business and led to the hastily arranged rescues of Merrill Lynch & Co. and Bear Stearns Cos., which was also absorbed by JPMorgan. WaMu in March rejected a takeover offer from JPMorgan that the savings and loan valued at $4 a share.
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