Posts Tagged ‘WaMu’

WaMu Bankrupt and Bought Out

So those who have bank accounts with Washington Mutual – aka “WaMu” – woke up this morning to find out their bank had gone under and was bought up by JPMorgan Chase for $1.9 billion.

Holy cow right??

Reportedly JPMorgan Chase won’t close many Florida branches because they view us as a growth market, but accounts will be transitioned over to the new ownership, which means in coming months, customers can expect everything to be rebranded and most likely anyone with an ATM, debit or credit card issued by WaMu will be issued a new card during the process. But for now, the new owners say everything from account numbers to customer access to their accounts will remain the same.

Thankfully I don’t have an account with them, but I can’t imagine a scarier feeling than to wake up and find your bank isn’t your bank anymore. If you have a WaMu account, what are your feelings on this sudden change?

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