Sign up today and take advantage of member-only content — the kind of timely, cutting edge industry insight that only IDD can deliver.
  • Investment Dealers' Digest one-month trial subscription
  • IDDMagazine.com one-month trial subscription
  • Free e-newsletters
  • Free whitepapers

IndyMac Buyers Pick Up Another Failed Bank

Four collapses bring yearly total to 20


By Joe Adler, American Banker

February 21, 2010

Four failures late Friday cost the government an additional $1 billion. Among the closings, which brought the year's total to 20, was that of $3.6 billion-asset La Jolla Bank in La Jolla, Calif., which was sold to OneWest Bank in Pasadena in the second recent deal for the buyers of the failed IndyMac Bank.

The full article is available to IDD Magazine subscribers only

For immediate access, sign-up for a risk-free trial.

Already a print subscriber? As a print subscriber, you are entitled to online access. Please click here to activate your account.