Washington Mutual
Overview
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
' largest savings and loan association
Savings and loan association
A savings and loan association , also known as a thrift, is a financial institution that specializes in accepting savings deposits and making mortgage and other loans...
until its collapse in 2008.
On Thursday, September 25, 2008, the United States Office of Thrift Supervision
Office of Thrift Supervision
The Office of Thrift Supervision was a United States federal agency under the Department of the Treasury that charters, supervises, and regulates all federally- and state-chartered savings banks and savings and loans associations. It was created in 1989 as a renamed version of another federal agency...
(OTS) seized Washington Mutual Bank from Washington Mutual, Inc.
