SEATTLE, Jul 1, 2002 (BUSINESS WIRE) -- Washington Mutual (NYSE:WM) has been
named one of the "Best Companies for Minorities" by Fortune magazine for the
third consecutive year.
"We strive to achieve a workforce that fully reflects the diversity of the
communities we serve because not only is it the right thing to do, but it makes
good business sense," said Kerry Killinger, Washington Mutual's chairman,
president and CEO. "We are committed to diversity and make it an integral part
of our business -- from our intern and management training programs, to our $375
billion Community Commitment which will help more minority borrowers become
"This year we even helped create a large minority-owned business," said Carolyn
Crowson, manager of national supplier diversity at Washington Mutual. "We helped
four building maintenance vendors develop a strategic alliance and operate
nationally as Service Everywhere LLC. We're their first customer."
Out of the top 50 companies listed in Fortune, Washington Mutual placed 27th
based on criteria such as minority recruitment and retention, representation
among the company's board of directors and senior management, minority-based
corporate giving, purchasing with minority-owned businesses and overall minority
representation among employees. Of its more than 42,000 employees nationwide at
the end of December 2001, WaMu employed more than 16,400 minority employees,
representing 39 percent of its total workforce. More than 28 percent of WaMu's
officials and managers are minorities.
About Washington Mutual
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 March 31, 2002, Washington
Mutual and its subsidiaries had assets of $275.22 billion. The company currently
operates more than 2,400 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
Olivia Riley, 206/377-3636
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