Washington Mutual banking assets were sold to JPMorgan Chase for $1.9 billion after a tremendous run on the bank, with depositors withdrawing $16.7 billion in just the last 10 days the federal Office of Thrift Supervision said.

JPMorgan and federal regulators announced Business As Usual to Wa Mu customers.

The terms on customers' mortgages won't change, the FDIC said, and monthly payments should be made as usual and sent to the same address until further notice. Washington Mutual's automated teller machines will remain available, the FDIC said, and checks will be processed as normal. Automated direct deposits and withdrawals will be transferred to customers' new banks, the agency added.