Indymac Files Chapter 7

Summary


PASADENA - IndyMac Bancorp Inc., the Pasadena-based mortgage lender taken over by federal regulators last month, has filed for bankruptcy protection.

But that action won't effect customers or the bank's operations, according to John Bovenzi, chief financial officer for the Federal Deposit Insurance Corp. and CEO for the new IndyMac Federal Bank FSB.

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Extract


Indymac Files Chapter 7

"Our customers will continue to receive the same value and personal service they have come to expect from IndyMac, which, due to its FDIC backing is one of the safest banks in America and a great place for our custome...

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