IndyMac Federal Bank, FSB (Federal Savings Bank) is a bridge bank created to manage assets and liabilities of IndyMac Bank, FSB until they can be disposed of. "IndyMac" is a generally accepted contraction of the formal name Independent National Mortgage Corporation. Before its failure, IndyMac Bank was the largest savings and loan association in the Los Angeles area and the seventh largest mortgage originator in the United States.[1] The failure of IndyMac Bank on July 11, 2008, was the fourth largest bank failure in United States history[2], and the second largest failure of a regulated thrift.[3] IndyMac Bank's parent corporation was IndyMac Bancorp (Pink Sheets: IDMCQ) until the FDIC seized IndyMac Bank [4]. IndyMac Bancorp has filed for Chapter 7 bankruptc
source:wikipedia
