SAN ANTONIO, Jun 29, 2005 (BUSINESS WIRE) -- Washington Mutual (NYSE:WM) today announced the
selection of San Antonio as the location of its new regional
operations center to serve its future growth.
"Washington Mutual is thrilled to announce today that San Antonio
will be the home of our new regional operations center," said
Washington Mutual's Chief Administrative Officer Benson Porter. "San
Antonio offers a business-friendly environment, a strong workforce,
great quality of life, affordable housing for our employees, a central
location, and a viable real estate solution to accommodate our
As one of the largest job creation announcements in the United
States so far this year, Washington Mutual will add as many as 4,200
jobs in Texas over the next seven years. The news came in conjunction
with Washington Mutual's announcement of the purchase of MCI's San
Antonio campus located at 20855 Stone Oak, a three-building campus
with 405,000 square feet of prime office space that can accommodate as
many as 2,250 employees, and can be expanded to accommodate as many as
During the press conference, Porter recognized Judge Wolff, Mayor
Garza, the San Antonio Economic Development Foundation, as well as the
Economic Development departments of the City of San Antonio, Bexar
County and the State of Texas for their support and efforts to bring
Washington Mutual to San Antonio. He also pointed to the Texas
Enterprise Fund as the catalyst that triggered Washington Mutual's
decision to select Texas.
"As a result of a team effort by state, county, city and business
leaders, Washington Mutual is doubling its presence in Texas and
bringing 4,200 new jobs to the state," said Governor Rick Perry.
"Every job Washington Mutual creates not only represents a new
opportunity for a family to afford their dreams but also puts more
money flowing through the entire economy as paychecks are cashed and
Along with the support of the state, the City of San Antonio and
Bexar County also approved various attractive incentives that helped
land Washington Mutual to San Antonio.
"Washington Mutual was born in 1889 with a commitment to helping
rebuild Seattle after a disastrous fire, and that kind of commitment
has made the company a financial powerhouse and a valued neighbor in
communities across the country," said Mayor Hardberger. "Their culture
is a perfect fit with San Antonio, and we welcome this great American
company to our great American city."
Washington Mutual's press conference was joined by Texas Governor
Rick Perry, San Antonio Mayor Phil Hardberger, former Mayor Ed Garza,
Bexar County Judge Nelson Wolff, Ed Kelley of the San Antonio Economic
Development Foundation and several community leaders, and state and
"To bring a company of the quality and reputation of Washington
Mutual to the city is a huge victory for San Antonio," said Bexar
County Judge Nelson Wolff. "A lot of team work was necessary to make
today happen and I know those of us working at the local and state
level can all agree that Washington Mutual has been an outstanding
partner throughout the process. This is a great day for Washington
Mutual, for San Antonio and for Texas."
Washington Mutual's regional operations center will support
various areas of the company's business lines, which include consumer
banking and home loans. The center will begin operations later this
year with the expansion of the company's Enterprise Contact Center
that will support Washington Mutual's expected future growth.
"This is the biggest project the San Antonio Economic Development
Foundation and city leadership have ever pursued in terms of the
number of jobs," said Ed Kelley, Chairman of the San Antonio Economic
Development Foundation. "Washington Mutual's regional operations
center will very likely be among the largest corporate locations in
the nation for 2005."
Washington Mutual will begin hiring over the next few months
through online job postings at www.wamu.com, as well as future
employment events in San Antonio.
Washington Mutual entered Texas in 1998 through its acquisition of
H.F. Ahmanson & Company, parent of Home Savings of America and Savings
of America. As a result of that acquisition, Washington Mutual gained
48 financial centers with about 350 employees throughout the state. In
2001, Washington Mutual acquired Bank United, adding another 147
financial centers with approximately 1,500 employees to its Texas
franchise, totaling nearly 200 financial centers statewide. Today,
Washington Mutual has over 3,500 employees throughout the state with
250 Texas locations, a Texas regional office in Houston and a National
Operations Center in Irving.
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, 2005, Washington Mutual and its subsidiaries had assets of $319.70
billion. Washington Mutual currently operates more than 2,400 retail
banking, mortgage lending, commercial banking and financial services
offices throughout the nation. Washington Mutual's press releases are
available at www.wamunewsroom.com.
SOURCE: Washington Mutual
Joe Arbona, 713-822-2189 or 713-543-6714 (Media Contact)