| Business Summary | | Washington
Mutual
Inc.
is
a
financial
services
company
committed
to
serving
consumers
and
small
to
mid-sized
businesses.
Through
its
subsidiaries,
Washington
Mutual
engages
in
the
following
lines
of
business:
consumer
banking,
mortgage
banking,
commercial
banking,
financial
services
and
consumer
finance.
The
Company's
principal
banking
subsidiaries
are
Washington
Mutual
Bank,
FA,
Washington
Mutual
Bank
and
Washington
Mutual
Bank
fsb.
The
banking
subsidiaries
accept
deposits
from
the
general
public,
make,
buy
and
sell
residential
loans,
consumer
loans,
and
commercial
loans,
and
engage
in
certain
commercial
banking
activities.
The
Company
originates,
purchases,
sells
and
services
specialty
mortgage
finance
loans
through
its
subsidiaries,
Washington
Mutual
Finance
Corporation
and
Long
Beach
Mortgage
Company. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Washington
Mutual
is
a
regional
financial
services
company
committed
to
serving
consumers
and
small
to
mid-sized
businesses.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
18%
to
$7.85
billion.
Net
interest
income
after
loan
loss
prov.
rose
37%
to
$2.86
billion.
Net
income
applicable
to
Common
rose
51%
to
$1.44
billion.
Net
interest
income
reflects
higher
earning
assets
and
lower
cost
of
funds.
Earnings
reflect
increased
depositors
and
other
retail
banking
fees. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Kerry Killinger, 51 Chairman,
Pres, CEO | $5.0M | $3.3M | William Longbrake, 57 Vice
Chairman, CFO | 1.5M | 79K | Fay Chapman, 54 Sr.
Exec. VP, Gen. Counsel | -- | -- | Craig Davis, 49 Exec.
VP and Pres, Mortgage Banking and Financial Services Groups | 1.5M | -- | William Ehrlich, 34 Exec.
VP- Corp. Relations | -- | -- | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|