SEATTLE--(BUSINESS WIRE)--May 10, 2004--Washington Mutual was
recently named as one of the "Top 10 Companies for Supplier Diversity"
by DiversityInc. and the "Top 25 Minority Vendor Programs for Latinos"
by Hispanic Magazine.
"At Washington Mutual, we strive to use our successes to better
serve neighborhoods, consumers and small- to mid-sized businesses,"
said Portia Rugon, Washington Mutual's manager of supplier diversity.
"Our Supplier Diversity program is another example of our overall
commitment to supporting the local communities in which we do business
and plays an important role in maintaining existing, and fostering
new, relationships with minority- and women-owned businesses."
Washington Mutual's Supplier Diversity program is part of the
company's 10-year, $375 billion community lending and investment
commitment, which has a special emphasis on programs and products that
serve people of color and low- and moderate-income neighborhoods. The
commitment also targets single-family and multifamily lending, small
business and consumer financing, and community investment programs.
In another recent announcement, Washington Mutual was named to
Hispanic Magazine's "Corporate 100: Best Companies for Hispanics" for
the third year in a row based on its diversity training and
recruitment efforts, as well as its strong Supplier Diversity program.
Additionally, the company last month was named "Corporation of the
Year" by the Latin Business Association for its efforts to advance the
cause of Latino-owned businesses.
"Strong minority vendor programs can truly make a difference by
empowering minority- and women-owned businesses to succeed," Peter
Villegas, manager of Emerging Markets for Washington Mutual, who
accepted the Latin Business Association award on behalf of the
company. "In turn, these businesses often hire in local neighborhoods,
thereby improving their economy and making them better places to live
Washington Mutual's Supplier Diversity program, which was founded
in 1998, has steadily increased the number of diverse vendors and
contractors doing business with the company. Its long-term goal is to
award 15 percent of supplier-related contract expenses to businesses
that are at least 51 percent owned by minorities, women or individuals
with disabilities. During 2003, Washington Mutual awarded 14.83
percent of its supplier contracts to companies that qualify for the
program, compared to 12.07 percent in 2002 and 11.26 percent in 2001.
About Washington Mutual
With a history dating back to 1889, Washington Mutual is a
retailer of financial services that provides a diversified line of
products and services to consumers and commercial clients. At March
31, 2004, Washington Mutual and its subsidiaries had assets of $280.77
billion. Washington Mutual currently operates more than 2,400 consumer
banking, mortgage lending, commercial banking, and financial services
offices throughout the nation. Washington Mutual's press releases are
available at www.wamunewsroom.com.
CONTACT: Washington Mutual, Seattle
Lisa Lucas, 206-377-6201
SOURCE: Washington Mutual