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Washington Mutual Promotes Home Loans Group Veteran to Head National Retail Lending

SAN FRANCISCO--(BUSINESS WIRE)--Nov. 10, 2003--At the National Association of Realtors annual meeting today, Washington Mutual, Inc. (NYSE:WM), a retailer of consumer financial services, announced the promotion of Greg Sayegh to senior vice president, national retail lending. Previously, Sayegh served as the company's area sales manager for the Southwestern U.S.

In his new role, Sayegh will be responsible for directing and managing Washington Mutual's entire retail mortgage network, which includes more than 2,500 loan consultants in nearly 400 home loan centers across the nation.

"Over the years, Greg has been instrumental in the growth of our retail lending operations," said Tony Meola, Washington Mutual's executive vice president for home lending sales and distribution. "His proven leadership skills will help us achieve our mission to become the nation's leading retailer of consumer financial services."

Sayegh has more than 21 years experience in the mortgage industry. He joined Washington Mutual in 1996 through the acquisition of American Savings Bank, where he served as senior vice president and director of wholesale lending. He was promoted to senior vice president and area sales manager in 1998. Prior to joining WaMu, he served as senior vice president and retail lending division manager at California Federal Bank.

Based in Irvine, California, Sayegh is a Silver Circle member of the United Way and serves on the Board of Directors for the Orange County Child Abuse Prevention Center. He studied business management at Cal Poly, Pomona and Mt. San Antonio College and attended the Institute of Financial Education and Western Real Estate School.

About Washington Mutual

With a history dating back to 1889, Washington Mutual is a retailer of financial services that provides a diversified line of products and services to consumers and commercial clients. At Sept. 30, 2003, Washington Mutual and its subsidiaries had assets of $286.72 billion. Washington Mutual currently operates more than 2,700 consumer banking, mortgage lending, commercial banking, consumer finance and financial services offices throughout the nation. Washington Mutual's press releases are available at www.wamunewsroom.com.

    CONTACT: Washington Mutual
             Mark Benhard, 213-217-4005
             Ashley Rotondo, 206-377-6396

    SOURCE: Washington Mutual