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WASHINGTON MUTUAL CONSIDERS PLANS TO ISSUE NONCUMULATIVE PERPETUAL PREFERRED STOCK

 SEATTLE, Sept. 2 /PRNewswire/ -- Washington Mutual Savings Bank (NASDAQ: WAMU) confirmed today that it is considering plans to sell through an underwritten public offering an undetermined amount of noncumulative perpetual preferred stock.
 Washington Mutual contemplates that the net proceeds from the sale of the preferred stock would be added to the general funds of the bank and be available for use in its general business activities, including financing of possible future expansion.
 A preliminary offering circular relating to this security is not currently available. It is anticipated that a preliminary offering circular will be available on or about Sept. 13. This security will be offered only by means of an offering circular and may not be sold nor may offers to buy be accepted prior to the time the final offering circular is available.
 This announcement shall neither constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of this security in any state in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities law of any such state.
 -0- 9/2/93
 /CONTACT: Roger Nyhus of Washington Mutual, 800-228-9268/
 (WAMU)


CO: Washington Mutual ST: Washington IN: FIN SU:

RB-JH -- SE003 -- 8211 09/02/93 07:32 EDT
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Publication:PR Newswire
Date:Sep 2, 1993
Words:216
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