Is the JP Morgan Chase takeover of WaMu official yet?
SEATTLE, Sep 26, 2008 (BUSINESS WIRE) — On September 25, 2008, in a transaction facilitated by the Office of Thrift Supervision and the Federal Deposit Insurance Corporation, JPMorgan Chase acquired substantially all of the assets, all of the deposits, and certain liabilities of Washington Mutual Bank of Henderson, Nevada. The transaction included the transfer of Federal Home Loan Bank of Seattle member Washington Mutual Bank, FSB of Park City, Utah, a wholly-owned subsidiary of Washington Mutual Bank. As a result of the transaction, approximately $16 billion of Federal Home Loan Bank of Seattle advances outstanding to Washington Mutual, FSB are now outstanding to JPMorgan Chase. The Federal Home Loan Bank of Seattle remains fully collateralized on these advances. About the Seattle Bank The Federal Home Loan Bank of Seattle is a financial cooperative that provides liquidity, funding, and services to enhance the success of its members and support the availability of affordable homes an
