Bank Insurance Industry Honors Louis H. Pepper.Business Editors PALM SPRINGS, Calif.--(BUSINESS WIRE)--March 23, 2001 Louis H. Pepper, retired Chairman, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Washington Mutual “WaMu” redirects here. For the Washington, DC radio station, see WAMU. Washington Mutual (or WaMu; NYSE: WM) is the United States' largest savings and loan association. , and former named partner of Foster Pepper & Shefelman PLLC PLLC Professional Limited Liability Company PLLC Polk Life and Learning Center (Bartow, FL) PLLC Partners of Limited Liability Corporation , is the recipient of the 2001 Raiken-Sender Bank Insurance Industry Award. The award will be presented at the Financial Institutions Insurance Association's 13th Annual Convention on March 26 in Palm Springs, Calif. The prestigious award recognizes individuals who have made an outstanding commitment to preserving and enhancing the availability, utility and acceptance of insurance delivered through financial institutions. Pepper has been one of the driving forces who envisioned that a bank can and should be more than "just a bank." Under Pepper's tutelage TUTELAGE. State of guardianship; the condition of one who is subject to the control of a guardian. , Washington Mutual branched out into the securities business and mutual funds. By 1983, Washington Mutual was selling credit insurance and making plans to offer life insurance to their customers. In 1985, the bank formed a holding company to house several non-deposit operating units, including a securities firm, a mutual fund complex, a full-line insurance agency, an Arizona insurance company, a travel agency and a pension administration and consulting firm Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a . These days many financial intuitions embrace Pepper's perspective; however in the 1970's and 1980's he was unique and created truly one of the first "financial supermarkets." Today Washington Mutual is the 8th largest banking company and the nation's largest savings institution with assets over $190 billion and 2000 offices throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . For years Pepper was a senior partner and practiced at what is now Foster Pepper & Shefelman PLLC, a large regional law firm headquartered in Seattle, with a highly regarded financial institutions practice. In May 1983 the National Law Journal cited him as one of the top twenty domestic banking lawyers in the country. Previous winners of FIIA's Raiken-Sender's Award for Industry Excellence include: Charles Rice, former chairman of Barnett Banks during the contentious U.S. Supreme Court Barnett Bank case, Kevin Crowe, chairman of Essex Corporation, and Eugene Ludwig, former Comptroller of the Currency Comptroller of the Currency A government official, appointed by the President of the United States, who keeps control over all national banks, and receives reports from the banks at least quarterly, to be published in newspapers. , whose agency's determination led to important legal victories in Barnett Bank and Vallic which interpreted the "closely related to banking" provisions in such a way as to give banks the opportunity to sell insurance on an equal footing with unaffiliated agents. Editors' Note: For Digitized Photo Call FIIA FIIA Finnish Institute of International Affairs (Helsinki, Finland) FIIA Financial Institutions Insurance Association FIIA Fellowship of the Institute of Internal Auditors (UK) |
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