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Utah Schools Receive Over $22,000 in Washington Mutual WaMoola for Schools Funds

SALT LAKE CITY--(BUSINESS WIRE)--Aug. 6, 2001--Utah schools received $22,908 from the Washington Mutual WaMoola for Schools(TM) program, which provided over $1.45 million in financial support to K-12 public schools across the country.

Each year, for every new checking account opened at Washington Mutual, the bank donates $1 to local schools and school districts. In 2000, more than 1.4 million people opened new checking accounts translating into a record level of school funding offered under the program.

"By setting aside $1 for every new checking account, we're able to say thank you to our customers who have made the decision to do business with Washington Mutual," said Washington Mutual regional manager, Southern Utah Omar Hassan. "We also believe teachers make a critical difference in student learning and are therefore dedicated to supporting our nation's teachers as part of our overall commitment to improving K-12 public education," added Brad Weber, Washington Mutual regional manager, Northern Utah.

Over the years, Washington Mutual has donated millions of WaMoola dollars to schools since the program began in 1991, with more than $4 million raised in just the last four years. WaMoola for Schools funds are awarded to schools or school districts in local communities based on the number of checking accounts opened in the area.

Washington Mutual also supports public education through foundation and corporate grants. Employee volunteers from Washington Mutual's CAN! (Committed Active Neighbor) program encourage financial literacy by visiting local schools with innovative classroom presentations on subjects ranging from credit management to the stock market. Washington Mutual's 78-year-old School Savings program offers elementary students free, interest-bearing savings accounts. Students can make deposits to their accounts at school during weekly on-campus "Bank Days." More than $8 million has been deposited in the School Savings program, one quarter at a time.

WaMoola for Schools donation amounts included:

       Box Elder County (totaling $500):
         Whittier Elementary School, $500

       Cache County: (totaling $2,183):
         Lincoln Elementary, $776
         Providence Elementary, $631
         Riverheights, $776

       Davis County (totaling $1,812):
         Hannah Holbrook Elementary, $691
         Hill Field Elementary, $1,121

       Salt Lake City County (totaling $11,263):
         Bonneville Elementary, $595
         Columbia Elementary, $538 
         Draper Elementary, $773 
         Jackling Elementary, $1,603 
         Liberty Elementary, $525 
         Longview Elementary, $525 
         Mill Creek Elementary, $562 
         Plymouth Elementary, $925 
         Wasatch Elementary, $1,728 
         Washington Elementary, $512 
         Welby Elementary, $737 
         Whittier Elementary, $2,240

       Summit County (totaling $871):
         Jeremy Ranch Elementary, $871

       Utah County (totaling $ 3,072):
         Alpine School District Fndn-Hillcrest School, $832
         Alpine School District Fndn-Hillcrest School, $749
         Joaquin Elementary School, $1,491

       Washington County (totaling $454):
         Dixie Downs Elementary, $454

       Weber County (totaling $2,753):
         Bates Elementary, $1,045
         Dee Elementary, $730
         Lynn Elementary, $482
         Roy High School, $496

With a history dating back to 1889, Washington Mutual is a national financial services company that provides a diversified line of products and services to consumers and small- to mid-sized businesses. At June 30, 2001, Washington Mutual and its subsidiaries had consolidated assets of $229.30 billion. Washington Mutual currently operates more than 2,300 consumer banking, mortgage lending, commercial banking, consumer finance and financial services offices throughout the nation.

--30--KS/se*

CONTACT: Washington Mutual
Darcy Donahoe-Wilmot, 206/377-3635