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After Washington Mutual Bank, FSB’s (WaMu) failure on September 25, 2008,
your deposits with WaMu were transferred to Chase as part of Chase’s agreement
with the FDIC to assume most of WaMu’s assets and liabilities. Pursuant to
federal law, 12 USC 1822(e), you were notified regarding this transfer and
instructed to claim your deposit within 18 months of WaMu’s failure. Chase
mailed letters to your last known address as it appeared in WaMu’s records and
Chase has no record of any claims being made for your funds. The statutory 18
month period has now expired. In order to comply with federal law, Chase must
now refund those unclaimed deposits, including your funds which remain
unclaimed, to the FDIC. On April 15 2010, Chase will transfer these unclaimed
funds to the FDIC. The FDIC will process and transfer the unclaimed funds to the
state listed as part of your address in WaMu’s records.
2. If
I need to talk to someone at the FDIC, what is the contact information? |
