IndyMac Bancorp Inc. (fka IDMCQ)

[I Like Bottom Fishing]

After the FDCI sold IDMCQ to OneWest Bank they never did a follow up PR on where the present IDMCQ share holders would be receiving out of the sale. ?

FDIC completes sale of IndyMac

Saturday , March 21, 2009 12:41ET

http://www.knobias.com/story.htm?eid=3.1.3af785332ed2b1f8b063db5aab102cc52252610cd9bcd730c7028119cb897063

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PASADENA, Mar 21, 2009 (San Bernardino County Sun - McClatchy-Tribune Information Services via COMTEX) -- A sobering financial saga that began with last summer's collapse of IndyMac Bancorp Inc. came to an end this week when the newly configured lending institution was sold.

The Federal Deposit Insurance Corp. announced late Thursday that it has completed the sale of IndyMac Federal Bank FSB to OneWest Bank FSB, a newly formed Pasadena-based federal savings bank organized by IMB HoldCo LLC.

OneWest, with total assets of about $16 billion, will assume all deposits of IndyMac Federal, and all 33 branches of IndyMac will reopen today as OneWest, the FDIC said.

Current IndyMac depositors and customers will be "largely unaffected" by the transfer of ownership and will be receiving additional information from the FDIC and OneWest in the coming days, according to a statement from OneWest.

As of Jan. 31, IndyMac Federal had total assets of $23.5 billion and total deposits of $6.4 billion.

Current depositors may be unaffected. But scores of former IndyMac customers lost significant amounts of money when the bank -- then known as IndyMac Bancorp Inc. -- collapsed on July 11.

The bank's collapse was fueled by the public release of a June 26 letter to the Office of Thrift Supervision and the FDIC from Sen. Charles Schumer, D-N.Y.

In his letter, Schumer said he was concerned that IndyMac "may have serious problems with its current loan holdings, and could face a failure if prescriptive measures are not taken quickly."

In the 11 business days following the letter, depositors withdrew more than $1.3 billion from their IndyMac accounts.

The OTS, IndyMac's primary regulator, then named the FDIC as conservator of the Pasadena-based mortgage lender, which has since operated as IndyMac Federal Bank FSB.

OneWest said it will operate as a regional bank, focused on deposits and mortgage lending for its retail customers in Southern California. Over time, the bank plans to expand its retail branch network.

To see more of the San Bernardino County Sun, or to subscribe to the newspaper,
go to http://www.sbsun.com. Copyright (c) 2009, San Bernardino County Sun,
Calif. Distributed by McClatchy-Tribune Information Services. For reprints,
email [e-mail], call 800-374-7985 or 847-635-6550, send
a fax to 847-635-6968, or write to The Permissions Group Inc., 1247 Milwaukee
Ave., Suite 303, Glenview, IL 60025, USA.

Kevin Smith

Copyright (C) 2009, San Bernardino County Sun, Calif.


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IndyMac Bancorp Inc (pinksheets: IDMCQ) Stock Symbol:

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http://www.knobias.com/individual/public/quote.htm?ticker=IDMCQ

Last Trade: 0.032 Change: -0.001 ( -1.538 %)
Previous Close: 0.033 Today's Open: 0.030
# of Trades: 46 Volume: 463,981
Avg. # of Trades: 43 Avg. Daily Volume: 522,165

Bid: N/A Bid Size: N/A
Ask: N/A Ask Size: N/A
Day High: 0.035 Day Low: 0.030
52 Week High: 1.000 52 Week Low: 0.021
Market Cap: 3.23M Dividend: N/A
EPS: N/A P/E Ratio: N/A

6 Month Chart

RAiDAR alerts Learn More About RAiDAR-LT
06/25/2009 (11:10 ET) IDMCQ: Volume Spike; 51% > 20-adsv, Stock -11.43% - Knobias
06/22/2009 (10:50 ET) IDMCQ: Volume Spike; 30% > 20-adsv, Stock -1.23% - Knobias
06/08/2009 (13:50 ET) IDMCQ: Volume Spike; 98% > 20-adsv, Stock +4.26% - Knobias
05/08/2009 (12:36 ET) Report IDs top lenders that fueled subprime mortgage crisis - Knight Ridder/Tribune Business News
05/07/2009 (09:31 ET) Report says mortgage lenders helped fuel global economic crisis - Knight Ridder/Tribune Business News
04/30/2009 (15:25 ET) IDMCQ: Volume Spike; 69% > 20-adsv, Stock +12.72% - Knobias
04/29/2009 (14:35 ET) IDMCQ: Volume Spike; 62% > 20-adsv, Stock +15.69% - Knobias
04/24/2009 (16:10 ET) IDMCQ: Volume Spike; 104% > 20-adsv, Stock +6.38% - Knobias
04/20/2009 (11:55 ET) IDMCQ: Volume Spike; 23% > 20-adsv, Stock +2.00% - Knobias
03/23/2009 (13:40 ET) IDMCQ: Volume Spike; 102% > 20-adsv, Stock -2.42% - Knobias
03/21/2009 (12:41 ET) FDIC completes sale of IndyMac - Knight Ridder/Tribune Business News
03/17/2009 (13:00 ET) IDMCQ: Volume Spike; 49% > 20-adsv, Stock +15.18% - Knobias
03/06/2009 (15:10 ET) IDMCQ: Volume Spike; 99% > 20-adsv, Stock +11.63% - Knobias
02/27/2009 (23:01 ET) Report detail lax supervision of IndyMac Bank - Knight Ridder/Tribune Business News
02/27/2009 (06:57 ET) IDMCQ: mentioned in today's Wall Street Journal - Knobias
02/23/2009 (06:14 ET) IDMCQ: mentioned in today's Wall Street Journal - Knobias
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01/05/2009 (16:00 ET) Knobias Sector Commentary - Knobias
01/05/2009 (13:20 ET) Markets Move Off Lows; Ford Reports 32% Decline in December Sales - Knobias
01/05/2009 (10:45 ET) IDMCQ: Volume Spike; 11% > 20-adsv, Stock +14.29% - Knobias
01/05/2009 (10:21 ET) Markets Lower But Off Session Lows; Oil Moves Back Above $47 - Knobias
01/05/2009 (08:53 ET) Futures Weaken; Oil Moves Lower; Apple Shares Higher - Knobias
01/05/2009 (08:04 ET) Futures Lower As First Full Week of 2009 Begins - Knobias
01/05/2009 (06:57 ET) IDMCQ: mentioned in today's Wall Street Journal - Knobias
01/05/2009 (06:35 ET) IDMCQ: mentioned in today's Wall Street Journal - Knobias

company profile
The holding company for IndyMac Bank, F.S.B., which operates as a hybrid thrift/mortgage banker, provides cost-efficient financing for the acquisition of single-family homes. ... MORE INFO

CONTACT: Michael W. Perry, CPA (CEO)
IndyMac Bancorp Inc
888 East Walnut Street
Pasadena, CA 91101-7211
P: [phone]
F: [phone]
Company Home Page |

Industry: Banking
SIC: 6035
Employees: 9,907
Locations: 0

State of Inc:
Development Stage? N Transfer Agent:



Investor Relations:


Authorized Shares: 0
Source: ( )

Outstanding Shares: 100,888,469
Source: MGFS ( 05/06/2008 )

Fiscal Year End: December 31

MANAGEMENT & INSIDERS:

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