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ADVISORY/Washington Mutual to Extend National Banking Franchise with $5.2 Billion Merger with Dime Bancorp


In a major extension of its national banking franchise, Washington Mutual Inc. (NYSE:WM) today announced a definitive agreement to merge with Dime Bancorp Inc. (NYSE:DME) in a transaction currently valued at $5.2 billion in stock and cash.

The transaction, approved by the directors of both companies, creates a broad-based platform for Washington Mutual's banking operations as it enters the greater New York metropolitan area, the nation's largest urban banking market. Photo available shortly.

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