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Washington Mutual's Risk Management Group Announces OCC's John Robinson as EVP, Corporate Risk Management

SEATTLE--(BUSINESS WIRE)--June 3, 2002--Washington Mutual, Inc. (NYSE:WM) today announced the appointment of Office of the Comptroller of the Currency (OCC) and former Office of Thrift Supervision (OTS) executive John Robinson as Executive Vice President of Corporate Risk Management within the company's Enterprise Risk Management group.

In the newly created position, Robinson will play a key leadership role in developing and implementing Washington Mutual's enterprise-wide risk management solutions and strategies in the areas of operational risks and regulatory relations. The position will also be responsible for defining policies and procedures to ensure that strategic and operational goals are met and aligned with overall company business direction.

Robinson will report to Bill Longbrake, the company's Vice Chair, Enterprise Risk Management and Chief Financial Officer.

"John has a very broad and proven record in bank supervision and risk management, and will add outstanding leadership as we continue to build our enterprise risk management capabilities to keep pace with the company's growth and changing needs," said Longbrake.

Robinson has an extensive record as an executive in banking regulation. Since 1997, he has served as Deputy Comptroller of the Western District for the OCC where he supervised more than 250 commercial banks in the Western United States. As Deputy Comptroller he was responsible for evaluating national banks' financial condition, management and compliance with laws and regulations. Prior to his service with the OCC, he held several positions with the Office of Thrift Supervision, including Regional Director for the Western Region from 1993-1997 and Assistant Director of OTS for Policy during the early nineties.

Robinson, who is a published author and a Chartered Financial Analyst, has a bachelor of science degree in Finance/Accounting from Washington University in St. Louis and an MBA from Harvard Business School.

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. Washington Mutual 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


CONTACT: Washington Mutual
Alan Gulick, 206/377-3637