IndyMac Federal Bank, F.S.B.
888 E Walnut St
Pasadena, CA 91106
Background
IndyMac Federal Bank, FSB (Federal Savings Bank) is a bridge bank created to manage assets and liabilities of IndyMac Bank, FSB (IndyMac Bank was the largest savings and loan association in the Los Angeles area and the seventh largest mortgage originator in the United States before its failure). IndyMac Federal Bank, FSB was established in 2008 and headquartered in Pasadena, CA. In March 2009, the FDIC sold IndyMac Federal Bank to OneWest Bank Group LLC, a newly formed federal savings bank also headquartered in Pasadena, CA.
FDIC Certificate #
58912
Bank Charter Class
Saving Association
Asset Concentration
Mortgage Lending Specialization
Product Specialty
Mortgage Lending Services
Key Information & News
Number of Branches: N/A
Number of Employees: 0
Executives
CEO
R. Patterson Jackson
SVP
Melissa Gernard
SVP
Jeff Lankey
2008 News
Due to the failure of IndyMac Bank in July 2008, which was the fourth largest bank failure in the United States, IndyMac Federal Bank, FSB became a bridge bank that helps to manage assets and liabilities of IndyMac Bank. (July 11th, 2008)
The FDIC announced plans to reopen IndyMac Federal Bank, FSB. The FDIC guarantees the funds of all insured accounts up to US$100,000, and has declared a special advance dividend to the roughly 10,000 depositors with funds in excess of the insured amount, guaranteeing 50% of any amounts in excess of $100,000. (July 14th, 2008)
2009 News
In March 2009, all deposits of IndyMac Federal Bank have been transferred to OneWest Bank, a newly created bank also based in Pasadena. (March 19th, 2009)
