WaMu bought by J.P. Morgan for 1.9 million

Washington Mutual's operations have been acquired by JP Morgan after federal regulators seized the bank after 10 days where depositors withdrew nearly $17 billion.

The Office of Thrift Supervision said in a statement late Thursday that depositors in the  bank withdrew more than $16 billion between Sept. 15 and Sept. 24. The deposits JP Morgan is acquiring make up $134.7 billion.

Customers should not notice any immediate impact from the seize by JP Morgan, and branches will be open Friday morning as usual. JP Morgan paid $1.9 billion for the assets it is acquiring. JPMorgan has long been thought to be a big contender to buy WaMu, after WaMu began searching for potential acquirers last week.

Though WaMu's banking customers shouldn't feel any impact,  those whose accounts have been bought by JPMorgan eventually will switch to that bank's systems.