Industry: Bank

IndyMac, a contraction of Independent National Mortgage Corporation, was an American bank based in California that failed in 2008 and was seized by the United States Federal Deposit Insurance Corporation. Successor: OneWest Bank Total assets: 32.01 billion USD (at time of seizure by FDIC) Headquarters: Pasadena, California, United States Founded: 1936 Type of business: Savings Bank/Federally-owned Bridge Bank Defunct: 11 July 2008 Did you know: IndyMac is the fourth-largest U.S. bank failure by assets at time of failure ($32 billion). wikipedia.org

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