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Bank Washington Mutual, better known as WaMu, is one of the largest banks in the United States. Originally, Washington area is based, has been expanded since WaMu, a national company that their shares are actively traded on the American Stock Exchange. One aspect of this story, the bank makes it particularly interesting is the fact that they are constantly at the forefront of innovation.

There are many examples of Washington Mutual, one of the first banks to experiment with new ideas or processes that are now commonly used in banking and credit in general. Examples of proposals:

- The first loan in 1890

- The first “Shared ATM Network in the late 1970s years.

- Design of a concept store that is so unique that it has received a U.S. patent in question was to prevent free riders.

These are just three examples of many others that show how we can afford to think outside the box and creatively. What is the first example is more surprising, however, that if it was what was the first building societies were founded in 1890, the bank until 1889.

Seattle, Washington Mutual was just after a devastating fire nearly wiped out the city began. During this period of reconstruction of the bank was known to be very involved in the local community. This reputation has enabled the bank to expand the city of Seattle repaired, and they were good enough for them to grow and eventually go to a local bank in a region, the national will, banking chain .

WaMu original name was made in 1889, “The Washington National Building Loan Association, and was designed to provide a safe system where investors to lend money to their developing neighbors, who would have needed to rebuild the fire in Seattle. This system, a safe and effective use of funds has contributed to a bank helped develop more than a century later.

This bank was the first monthly payment of home loan, at least on the Pacific coast, 10 February 1890, a Norwegian sailor who claims to $ 700 would take a hit in Ballard, a Seattle area-specific has been built . These “creative” version of a home loan has been very successful and poplars, to get much press that Seattle eventually built on these loans, more than 2,000 mutual asWashington similar loans to 250 units of housing to be built in Seattle .

In modern times, attempts to WaMu, a bank, where part of each community is known, you can open a branch in. The first meeting to find, took place in 1984 and has since become an annual tradition since then.Washington mutual is a public bank, which is higher than any other time in its history, thanks to sustained growth.

Nobody knows what the future holds, but if the past is not proof, forward thinking that helped Washington Mutual Bank in the past, they develop over the bank account in the future.