IndyMac Bank, F.S.B.

2008 FDIC Insured Failed Banks

July 11, 2008: IndyMac Bank, F.S.B., Pasadena, CA, was closed by the Office of Thrift Supervision (OTS). The Federal Deposit Insurance Corporation (FDIC) was named Conservator. IndyMac had assets of $32.01 billion and total deposits of $19.06 billion as of March 31, 2008.

Successor Bank: The FDIC, as conservator, transferred all non-brokered insured deposit accounts and substantially all assets of IndyMac Bank, F.S.B. to newly chartered IndyMac Federal Bank, F.S.B. IndyMac Federal Bank, F.S.B. subsequently merged into OneWest Bank.

OneWest Bank
888 East Walnut Street
Pasadena, CA 91101

History:

1936 Established as First Federal Savings And Loan Association Of San Gabriel Valley
1995 Changed organization type to Stock Savings & Loan
2000 Changed name to Indymac Bank, F.S.B.
2000 Moved bank headquarters from Covina, California to Pasadena, California.
2008 Failed, went into receivership, and then emerged as  IndyMac Federal Bank, F.S.B.

At the time of closing, IndyMac Bank, F.S.B. had about $1 billion of potentially uninsured deposits held by approximately 10,000 depositors. ► Depositors must establish contact or the successor bank or the FDIC to reclaim their deposits. ► Not every depositor in a failed bank will receive notification from the FDIC, and there are time limits on claims of FDIC-insured bank accounts, CDs and safe deposit boxes. By law, accounts which go unclaimed for an extended period may be time barred, and safe deposit boxes can be drilled and the contents sold at auction. ► Additionally, accounts transferred to successor institutions may have lower interest rates and can lose insurance coverage.

► It is important to understand you may have an account at a failed institution and not know it, either because you were a depositor at a bank acquired by an institution that subsequently failed, or if you or a deceased family member are the beneficial owner of a brokered fiduciary account.

► For assistance tracing and reclaiming a lost bank account, certificate of deposit (CD) or safe deposit box go to: Unclaimed Account Search