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November 15, 2009

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LV thrift operator buying bank for $5.2 billion

Monday, June 25, 2001 | 11:09 a.m.

NEW YORK -- Washington Mutual Inc. of Seattle, a big savings and loan operator in Las Vegas and other cities, is buying Dime Bancorp Inc. for $5.2 billion in cash and stock in a deal that gives the nation's largest thrift a foothold in the Northeast and expands its huge mortgage business.

The companies said today the deal was approved by their boards and is expected to be completed early next year. It requires approval by Dime shareholders and regulators.

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