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Bank Holds #1 Online Position with Online Checking Applicants, Grows Market Share to 44%, According to comScore Inc.

In Its Footprint Markets, WaMu Free Checking(R) Grows to 44%

Market Share and Online Savings Grows to 51% Market Share

SEATTLE--(BUSINESS WIRE)--March 17, 2008--WaMu (NYSE:WM) today announced it continues its position as #1 in online checking and saving accounts with consumers in its footprint markets (among top 10 online banks), according to fourth quarter analysis by comScore Inc. Research showed that 44% of the online banking consumers selected a WaMu checking account in its footprint, and 51% chose WaMu's online savings account. Nationwide, online account market share is 31% and 29% respectively.

According to the study, online banking growth for the industry was 8.1% in the fourth quarter of 2007 vs. a year ago, while WaMu's online banking customers grew 12% during the same time period. The competitive set of bank sites covered in the study consisted of major national and regional banks with online offerings.

Success of the online accounts has been attributed to a focus on marketing and store partnerships, industry leading customer benefits and the industry's fastest application process that can take less than 7 minutes and includes a paperless account opening process.

"Making banking simple for customers, whether they are in our retail store or on our website is resonating with consumers," said Richard Blunck, SVP, WaMu's Director of eCommerce.

WaMu is a leading provider of online financial services, and its site,, has received widespread industry and consumer recognition, averaging more than 3,300 online applications submitted per day. The site is consistently ranked as one of Keynote's top online banking sites. The online banking site also continues to be at the top of the Gomez ratings for site response time, more than 1 second faster than the second-quickest site, and more than twice as fast as the industry benchmark.

About WaMu

WaMu, through its subsidiaries, is one of the nation's leading consumer and small business banks. At September 30, 2007, WaMu and its subsidiaries had assets of $330.1 billion. The company has a history dating back to 1889 and its subsidiary banks currently operate approximately 2,700 consumer and small business banking stores throughout the nation. WaMu's press releases are available at

             Gary Kishner, 818-775-4234

    SOURCE: WaMu