IndyMac Buyers Pick Up Another Failed Bank

Adler, Joe
March 2010
Mergers & Acquisitions Report;3/1/2010, Vol. 23 Issue 9, p17
The article reports on four bank failures which brought the 2010 total to 20 and cost the American government an additional 1 billion U.S. dollars. The Federal Deposit Insurance Corp. has sold the operations of La Jolla Bank in La Jolla, California to Pasadena-based OneWest Bank in the second deal for the buyers of the failed IndyMac Bank. Other banks shuttered by the regulators include the George Washington Savings Bank, La Coste National Bank and Marco Community Bank.


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