When Monica and I moved to Chicago, I shopped around different banks in the city. Bank of America had just bought LaSalle as a part of the ABN Amaro deal, so they had Chicago pretty well covered. I considered Harris because it originated in Chicago, but it was bought out as well. My TCF account of Minneapolis origins wouldn’t suffice anymore and ultimately I chose Washington Mutual. Now my account is with Chase. Based on location and focus on customer service (and an online savings account), I was convinced this was a great idea. At the time, it was. Even now, its not a horrible choice, the account is insured and I’ll soon be banking with Chase. At least, I’ll have access to more ATMs…
I have some more serious thoughts on the financial crisis, but I’m working on a more serious and well-thought out post.
Now, the Washington Mutual webpage displays this message:
“WaMu Customers, Welcome to JPMorgan Chase!
We’re proud to welcome you to one of the nation’s largest banks; as of September 25, 2008, All WaMu customer deposits are now deposits of JPMorgan Chase, one of the strongest financial institutions in the world.
WaMu customer deposits — including checking accounts, savings accounts and certificates of deposit — are now backed by the strength and security of JPMorgan Chase. JPMorgan Chase has more than $2 trillion in assets and is the largest depository bank in America.
Our combined company will offer superior banking convenience — over 5,400 branches and 14,000 ATMs in 23 states.”
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