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Paired with SOLWashington Mutual Fund sprang into existence in Seattle in 1889 as a two-person operation and eventually became the largest savings-and-loan in the nation. It began as Washington National Building Loan and Investment Association right after Seattle's devastating fire in 1889, dedicated to helping Seattle rebuild. It became the Washington Savings and Loan Association in 1908 and was renamed Washington Mutual Savings Bank in 1917. It survived two harrowing "runs" by depositors during the Great Depression. Washington Mutual became known for a number of innovative banking ideas, including a penny-deposit program for children, cash machines, and telephone banking. It expanded throughout the state in the 1960s, and, following a series of mergers and acquisitions, throughout the West and the rest of the nation in the 1990s. An aggressive move into the sub-prime mortgage market in the 2000s eventually proved to be the bank's downfall. Saddled with billions in bad loans, it was seized by federal regulators on September 25, 2008, and was immediately sold to JPMorgan Chase & Co., thus ending Washington Mutual's 119-year run as a Seattle banking institution. On 4 May 2024 WAMU was reestablished as a memecoin with the goal of producing income and to provide an opportunity for growth of principal consistent with sound common meme coin investing. T.ME/washingtonmutualfund