scroll to top
Stuck on your essay?
Get ideas from this essay and see how your work stacks up
Word Count: 6,289
The first company the Washington National Building and Loan Investment Association was founded in 1889 to help people rebuild after the Great Seattle Fire Today Washington Mutual Inc is a regional financial services company and provides a diversified line of products It has also become one of the nations leading residential mortgage lenders Washington Mutual operates more than 2000 offices and as March 31 2000 the compan6y had assets worth 18861 billion The services and subsidiaries the bank provides are consumer and commercial banking services securities brokerage mutual fund management propertycasualty and life insurance sales and underwriting for insurance annuities Washington Mutual has just been introduced to the California market about three years ago by purchasing American Savings Great Western and Home savings in that order Once Washington Mutual bought out those banks they acquired all their customers under the Washington Mutual name Because three banks came under one name all employees were invited to stay with Washington Mutual to help serve the huge cliental for the bank Some of the problems they ran into with the expansion was Washington State and California have different business philosophies and California life is a faster pace which was very hard for Washington Mutual to adjust to Also the huge volume of customers called for greater customer service but each branch did not have enough employees to serve all the cliental Washington Mutual had to convert all the American Saving Great Western and Home Savings accounts to be compliant with their present accounts which took longer than anticipated Also all employees that came over from the three banks needed to learn a new computer system and again the management did not allow enough time for training which resulted in slow business initially WAMU Management Currently Washington Mutuals Executive Committee consists of nine different positions These
@Kibin is a lifesaver for my essay right now!!
- Sandra Slivka, student @ UC Berkeley
Wow, this is the best essay help I've ever received!
- Camvu Pham, student @ U of M
If I'd known about @Kibin in college, I would have gotten much more sleep
- Jen Soust, alumni @ UCLA