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twitterLV bank operator expands in Texas
Monday, Aug. 21, 2000 | 11:59 a.m.
HOUSTON -- Washington Mutual Inc. is buying Bank United Corp. in a $1.5 billion stock swap that would give the huge Seattle-based financial services company a larger presence in Texas' rapidly growing consumer lending market.
Washington Mutual said in a statement today that the deal -- subject to regulatory review and approval of Bank United's shareholders -- would give it expanded banking operations in Houston and Dallas.
Washington Mutual, a new entrant in the Nevada banking industry, is growing quickly in Las Vegas with unorthodox, consumer-friendly branches.
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