IndyMac Bank

Ghost Corp Apparel — resurrecting iconic corporate ghosts.

IndyMac Bank, F.S.B. arrived in Pasadena, California, on July 1, 2000, when IndyMac Bancorp acquired SGV Bancorp, parent of First Federal Savings and Loan Association of San Gabriel Valley. IndyMac contributed substantially all of its assets and operations to that thrift, then renamed it IndyMac Bank.

The bank’s roots reached back to 1985, when the predecessor business began as Countrywide Mortgage Investments, a mortgage real estate investment trust. It became an active mortgage lender in 1993, ended its REIT status in 2000, and entered the depository-bank business with a new name, a Pasadena address, and a distinctly turn-of-the-millennium mortgage-machine energy.

IndyMac operated as a hybrid thrift and mortgage bank, originating residential mortgages nationwide through broker, retail, and correspondent channels. On July 11, 2008, the Office of Thrift Supervision closed IndyMac Bank and the FDIC became receiver. Insured deposits and substantially all assets moved to newly chartered IndyMac Federal Bank, F.S.B.; that successor’s deposits transferred to OneWest Bank on March 19, 2009.

Our IndyMac Bank collection celebrates the polished optimism of mortgage-era Pasadena: federal-savings seriousness, ambitious home-finance infrastructure, and a logo built for the days when every brochure seemed to promise a brighter address.