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Washington Mutual's Corporate Technology Division Announces Richard Furino as Business Solutions Partner
SEATTLE, Jan 17, 2002 (BUSINESS WIRE) --

New Position Responsible for Meeting Technology Needs of WaMu's Home Loans Group

Washington Mutual, Inc. (NYSE:WM) today announced the hiring of Richard "Rick" Furino as a business solutions partner within the company's corporate technology division.

In the newly-created position, Furino will be responsible for the design and delivery of all technology solutions and services to Washington Mutual's Home Loans Group.

"Rick brings more than 25 years of technology management and development to our team and has specific expertise in the home loan industry," said Jerry Gross, chief information officer at Washington Mutual. "That combination will provide a great resource to our home loans group and strengthen their efforts to build business."

Between the years of 1976 and 2000, Furino held executive IT positions in a number of financial service companies including Countrywide Credit Industries, Great Western Bank, KPMG Peat Marwick, and Gibraltar Savings. Most recently, Furino served as chief technology officer at Creative Planet, a developer of Internet software for the television and motion picture industry. While at Creative Planet he led a staff of more than 100 in the delivery of technology infrastructure and software engineering services.

Furino is a graduate of California State University at Long Beach where he earned a master's degree in business administration and a bachelor's of science in finance.

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 Dec. 31, 2002, Washington Mutual and its subsidiaries had consolidated assets of $242.51 billion. Washington Mutual currently operates more than 2,300 consumer banking, mortgage lending, commercial banking, consumer finance and financial services offices throughout the nation. Washington Mutual's press releases are available at www.wamu.com.

CONTACT:          Washington Mutual
                  Angela Clegg, 206/461-6390

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