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Archive Home > 2008 > July > 12 > IndyMac seized in historic bank failure

IndyMac seized in historic bank failure


July 12, 2008

PASADENA, Calif. — The federal government took control of Pasadena-based IndyMac Bank on Friday, in what regulators called the second-largest bank failure in U.S. history. The Office of Thrift Supervision, or OTS, in Washington, the chief regulator of IndyMac, said it transferred....

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