Bank failure · CA
Indymac Bank F.S.B (Pasadena, CA) — failed July 11, 2008
Indymac Bank F.S.B of Pasadena, California was closed on July 11, 2008 and resolved through a purchase and assumption (insured deposits). Onewest Bank, FSB (CA) took over its insured deposits. At failure it held $30.7B in assets and $18.9B in deposits. The FDIC's estimated loss on the failure is $12.0B (39.0% of assets).
- Closing date
- July 11, 2008
- FDIC certificate #
- 29730
- Resolution
- Purchase and assumption (insured deposits) (failure)
- Acquiring institution
- Onewest Bank, FSB
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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