Kerry Killinger
Kerry Killinger
Kerry K Killingeris an American businessman and a former chairman and chief executive officer of Washington Mutual, a failed savings and loan association that became the largest bank failure in U.S. history...
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With this move, Washington Mutual?already the second largest home lender in New York?acquires a broad retail footprint to complement our existing mortgage business,
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This acquisition is a logical step in continuing our effort to build out our mortgage business and its increase fee income without acquiring additional mortgage servicing rights,
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This is a landmark day for Washington Mutual and for our industry,
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Despite the challenging environment, especially in the home loans business, we delivered solid performance, achieving 12 percent earnings per share growth for the quarter and 14 percent for the year.
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We are very pleased with our first quarter results. The company's strong performance demonstrates the benefits of our continued diversification and enhanced operational focus. This past quarter we had particularly strong results in Retail Banking and Card Services.
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We believe that there are significant operating efficiencies to be gained by bringing our two very similar operations together, with very low integration risk.
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We are pleased to welcome Regina to our Board of Directors. She is a nationally recognized leader in the legal, corporate, and nonprofit communities. Her leadership skills and commitment to promoting economic advancement for all complement the Board and make her a valuable addition.