From the 1973, got snapped up several other banking institutions, making it a really statewide financial which have 15 branches across the state, together with Everett, Tacoma, Vancouver, Bellingham, and you will Gray’s Harbor. This new headquarters strengthening to the next Opportunity is actually torn down and changed with a bigger progressive strengthening from inside the 1969.

The brand new bank’s the newest slogan was “the financial institution that’s more a lender

The lending company lead a different sort of service for the 1976 — a cutting-edge pay-bills-by-cellular telephone service. It actually was an effective harbinger off what you should become. Washington Mutual in the near future gained a reputation for being toward leading side of phone banking and in the end to the-range banking.

The financial institution was also an earlier designer of your cash host, and this afterwards turned into the common Automatic teller machine (automatic teller machine). Washington Mutual’s host is actually called the Exchange. It was put in Bellevue Rectangular from inside the 1974, during the a tangible construction designed to “endure an intruder having good bulldozer” (Morgan). Arizona Shared in the near future joined which have sixteen almost every other banking companies to really make the Change toward a funds host community, one of the first such systems in the united states.

From inside the 1976, they delivered a different sort of sort of development, the fresh “step-rate” mortgage, where price starts lower the first 12 months and slowly rises for the next six age. It resembled, in a few respects, what would later on end up being known as varying-rates financial, which will possess deadly outcomes for Washington Mutual years afterwards. For the 1976, but not, it absolutely was sensed a progressive make an effort to assist reduced-income families afford home. Continue reading →