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Re: Jestiron post# 648723

Thursday, 02/18/2021 11:15:15 AM

Thursday, February 18, 2021 11:15:15 AM

Post# of 727278
On the OTS Fact Sheet: Under Recent Events:

Recent Events
"Receivership - With insufficient liquidity to meet its obligations, WMB was in an
unsafe and unsound condition to transact business. OTS placed WMB into
receivership on September 25, 2008. WMB was acquired today by JPMorgan Chase.
The change will have no impact on the bank’s depositors or other customers.
Business will proceed uninterrupted and bank branches will open on Friday morning
as usual."

https://fcic-static.law.stanford.edu/cdn_media/fcic-docs/2008-09-25%20OTS%20Fact%20Sheet%20on%20Washington%20Mutual%20Bank.pdf

...insufficient liquidity....

Liquidity


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