SEATTLE--(BUSINESS WIRE)--July 14, 2008--Washington Mutual, Inc.
(NYSE:WM) "Washington Mutual recently raised $7.2 billion in capital
and its tangible equity to total tangible assets ratio was 7.8% as of
June 30. The company significantly exceeds all regulatory
"well-capitalized" minimums for depository institutions. In addition,
WaMu has current excess liquidity of more than $40 billion and a
national franchise with approximately $150 billion in retail deposits.
The company will provide a more detailed report on its capital
position and liquidity, as well as the steps it is taking to work
through the current environment, on its July 22 earnings call."
WaMu, through its subsidiaries, is one of the nation's leading
consumer and small business banks. At March 31, 2008, WaMu and its
subsidiaries had assets of $319.67 billion. The company has a history
dating back to 1889 and its subsidiary banks currently operate
approximately 2,500 consumer and small business banking stores
throughout the nation. WaMu's financial reports and news releases are
available at www.wamu.com/ir.
CONTACT: WaMu Media Contact
Derek Aney, 206-500-6094 or 212-326-6075
WaMu Investor Relations Contact
Alan Magleby, 206-500-4148 or 212-702-6955
SOURCE: Washington Mutual, Inc.