IndyMac Bank seized by federal regulators
Annie Wells / Los Angeles Times
IndyMac Bank customers in Pasadena encounter notices that the FDIC has closed the bank.
The Pasadena-based thrift’s failure is the second-biggest by a U.S. bank. Doors will reopen Monday.
By Kathy M. Kristof and Andrea Chang, Los Angeles Times Staff Writers
July 12, 2008
The federal government took control of Pasadena-based IndyMac Bank on Friday in what regulators called the second-largest bank failure in U.S. history. Read the rest of this entry »
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