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|WaMu and Comerica Settle Legacy Lawsuit|
SEATTLE--(BUSINESS WIRE)--Nov. 13, 2006--Washington Mutual, Inc. (NYSE: WM) and Comerica, Inc (NYSE: CMA) announced today that they have entered into a settlement agreement to resolve a lawsuit pending against Commercial Capital Bancorp, Inc. (CCBI). WaMu acquired CCBI on Oct. 1, 2006.
The $47 million settlement to Comerica was made without any admission of fault or wrongdoing and was reached as a business matter. None of the claims that were the subject of the settlement were alleged against WaMu or involved any WaMu employees or practices. The settlement has no material financial or operational impact to WaMu.
About Washington Mutual
Washington Mutual, through its subsidiaries, is one of the nation's leading consumer and small business banks. At September 30, 2006, Washington Mutual and its subsidiaries had assets of $348.88 billion. The company has a history dating back to 1889 and its subsidiary banks currently operate more than 2,600 consumer and small business banking stores throughout the nation. Washington Mutual's press releases are available at http://newsroom.wamu.com.
CONTACT: Washington Mutual Media Contact Alan Gulick, 206-500-2760 firstname.lastname@example.org or Investor Relations Contact Alan Magleby, 212-326-6019 email@example.com SOURCE: Washington Mutual, Inc.