Newspaper article from our research archive:
|
|
Federal regulators shut down IndyMac
- Article from:
-
Telegraph - Herald (Dubuque)
- Article date:
-
July 12, 2008
- Author:
-
|
Copyright informationCopyright 2008 Telegraph - Herald (Dubuque). Provided by ProQuest LLC. (Hide copyright information)
|
LOS ANGELES (AP) - IndyMac Bank's assets were seized by federal
regulators on Friday after the mortgage lender succumbed to the
pressures of tighter credit, tumbling home prices and rising
foreclosures.The bank is the largest regulated thrift to fail and
the second largest financial institution to close in U.S. history,
regulators said.The Office of Thrift Supervision said it transferred
IndyMac's operations to the Federal Deposit Insurance Corporation
because it did not think the lender could meet its depositors'
demands.IndyMac customers with funds in the bank were limited to
taking out money via automated teller machines over the weekend,
debit card transactions or checks, regulators ...
Related newspaper, magazine, and journal articles:
|
IndyMac Bank's(R) QuickPricer(R) Program Now Offers Multiple Products...
PR Newswire;
November 9, 2004 ;
502 words
......IndyMac is the holding company for IndyMac Bank(R), the largest savings and loan...single-family mortgage-related assets. IndyMac Bank utilizes its award-winning e-MITS...Internet at the point of sale. IndyMac Bank also offers a wide array of Web-enhanc...
|
|
FDIC takes over IndyMac
Press-Telegram Long Beach, CA.;
July 12, 2008 ;
656 words
......on Friday closed the $32 billion IndyMac Bank, the largest regulated thrift ever...The OTS transferred operation of IndyMac Bank to the Federal Deposit Insurance...OTS said. Regulators determined IndyMac Bank was unlikely to be able to meet...
|
|
Feds close IndyMac
Daily Breeze;
July 12, 2008 ;
700+ words
......on Friday closed the $32 billion IndyMac Bank, the largest regulated thrift ever...The OTS transferred operation of IndyMac Bank to the Federal Deposit Insurance...OTS said. Regulators determined IndyMac Bank was unlikely to be able to meet...
|
|
INDYMAC TAKEN OVER BY FEDS RUN ON THRIFT FORCES SHUTDOWN OF ITS 33...
Daily News (Los Angeles, CA);
July 12, 2008 ;
700+ words
......on Friday closed the $32 billion IndyMac Bank, the largest regulated thrift ever...The OTS transferred operation of IndyMac Bank to the Federal Deposit Insurance...said. Regulators determined that IndyMac Bank was unlikely to be able to meet...
|
|
IndyMac Bank(R) Now a Preferred Lender on Byte Loan Origination System.
PR Newswire;
November 1, 2004 ;
700+ words
......fast, accurately and efficiently. About IndyMac Bank IndyMac is the holding company for IndyMac Bank(R), the largest savings and loan in Los...in single-family mortgage-related assets. IndyMac Bank utilizes its award-winning e-MITS(R) technology...
|
|
Indymac gives away merchandise with old logo to charities
Inland Valley Daily Bulletin;
May 23, 2006 ;
482 words
......send it the nearest landfill. But Indymac Bank had a better idea. The Pasadena-bas...worth - to local nonprofit groups. "Indymac Bank and its employees take great pride...Inc. is the holding company for Indymac Bank, the largest savings and loan in...
|
|
IndyMac Bank(R) Announces New B2B Spanish Web Site.
PR Newswire;
November 1, 2004 ;
684 words
......Inc. is the holding company for IndyMac Bank, the largest savings and loan in...measurement periods since Fall 2000. IndyMac Bank also offers a wide array of Web-enhanc...and online bill payment services. IndyMac Bank is FDIC insured. IndyMac's total...
|
|
IndyMac Bank Selects Eastern Software's Empower! to Replace Existing...
PR Newswire;
November 6, 2000 ;
558 words
......announced that Pasadena, Calif.-based IndyMac Bank, the principal subsidiary of IndyMac...existing Windows(R)-based systems. IndyMac Bank is one of the leading technology-bas...technology-based infrastructure, IndyMac Bank generates over $10 billion annualized...
|
|
Indymac Provides Update.
M2 Presswire;
March 15, 2007 ;
700+ words
......NYSE:NDE; Indymac ) is the holding company for IndyMac Bank, F.S.B. (Indymac Bank ), the 7th largest savings and loan and the 2nd largest independent mortgage lender in the nation. Indymac Bank, operating as a hybrid thrift/mortgage banker...
|
|
US regulators take control of IndyMac
Pasadena Star-News;
July 12, 2008 ;
700+ words
......speaks -- Photo Gallery: IndyMac Bank under FDIC Control PASADENA...Regulators assumed control of IndyMac Bancorp Inc. on Friday...safe, Gray said. Extra: IndyMac fact sheet Extra: OTS announcement of IndyMac's failure Customers with...financial officer, said IndyMac Chairman and CEO ...
|
|
Office of Thrift Supervision shuts down IndyMac
Oakland Tribune;
July 11, 2008 ;
616 words
......ASSOCIATED PRESS LOS ANGELES -- IndyMac Bank's assets were seized by...Supervision said it transferred IndyMac's operations to the Federal...its depositors' demands. IndyMac customers with funds in...Director John Reich said. IndyMac had $32.01 billion in assets...March 31. Pasadena-based ...
|
|
Regulators put IndyMac under FDIC control
Whittier Daily News;
July 11, 2008 ;
700+ words
......speaks -- Photo Gallery: IndyMac Bank under FDIC Control PASADENA...Regulators assumed control of IndyMac Bancorp Inc. on Friday...questions to the FDIC. IndyMac is the largest OTS-regulated...and unsound condition." IndyMac customers with insured...financial officer, said IndyMac ...
|
|
Bank donates clothes, supplies Indymac gives to nonprofits.
San Gabriel Valley Tribune (West Covina, CA);
May 24, 2006 ;
548 words
......send it the nearest landfill. But Indymac Bank had a better idea. The Pasadena-bas...worth -- to local nonprofit groups. Indymac Bank and its employees take great pride...Inc. is the holding company for Indymac Bank, the largest savings and loan in...
|
|
INDYMAC RATING PLUNGES LOANS: MORTGAGE COMPANY'S FUTURE APPEARS BLEAK.
Daily News (Los Angeles, CA);
July 9, 2008 ;
602 words
......bond rating for IndyMac BankCorp to junk...Ratings dropped IndyMac's long-term default...CC and downgraded IndyMac Bank FSB to from B to...difficult because IndyMac's existing business...loans, he said. IndyMac is the latest victim...S): photo Photo: IndyMac Bank, with ...
|
See all results.
Or, try our
Advanced Search.
|