Sunday, April 19, 2009

When does WaMu become Chase?

When does WaMu become Chase? Great question: It's happening NOW in phases. Right now, most WaMu branches in California have been re-branded to Chase, however, WaMu accounts in California won't actually transfer to Chase's banking system until October. This means the "mechanical processes" of your banking (loans, checking, deposits) are still being done at Washington Mutual, even if it "appears" to be Chase.
May through July, WaMu branches in Washington, Oregon, Idaho and Utah will be re-branded to Chase and accounts in these states will transfer to Chase's banking system.
This summer: WaMu branches in Connecticut, Florida, Georgia, Illinois, New Jersey, New York and Texas will be re-branded to Chase and accounts in these states will transfer to Chase's banking system, and in Fall 2009 WaMu branches in Arizona, Colorado and Nevada will be re-branded to Chase and accounts in these states will transfer to Chase's banking system.
It should all be pretty "seamless," noting that if you're trying to get a LoanMod or refi with either of these institutions, you're most likely going to have challenges. Confused? I can help; Better! Pat Townsley, sane mortgages for purchases and refinances. 415-485-1776. http://www.ptre.net/

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