Failed Bank Information

On July 11, 2008, IndyMac Bank, F.S.B., Pasadena, CA was closed by the
Office of Thrift Supervision (OTS) and the Federal Deposit Insurance
Corporation (FDIC) was named Conservator. All non-brokered insured
deposit accounts and substantially all of the assets of IndyMac Bank,
F.S.B. have been transferred to IndyMac Federal Bank, F.S.B. (IndyMac
Federal Bank), Pasadena, CA ("assuming institution") a newly chartered
full-service FDIC-insured institution. No advance notice is given to
the public when a financial institution is closed.

The FDIC has assembled useful information regarding your relationship with this institution. Besides a checking account, you may have Certificates of Deposit, a car loan, a business checking account, a commercial loan, a Social Security direct deposit, and other relationships with the institution. The FDIC has compiled the following information which should answer many of your questions.
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II. Press Release
The FDIC has issued a press release (PR-56-2008) about the institution's closure. If you represent a media outlet and would like information about the closure, in California, please contact David Barr with the Office of Public Affairs at 703-622-4790, otherwise please contact Andrew Gray at 202-898-7192 or 202-494-1049.
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III. Acquiring Financial Institution
All non-brokered insured deposit accounts have been transferred to IndyMac Federal Bank, F.S.B. (IndyMac Federal Bank), Pasadena, CA ("assuming institution") a newly chartered full-service FDIC-insured institution. The OTS appointed the FDIC conservator of IndyMac Federal Bank. All insured deposit accounts will be available as usual during regular business hours starting July 14, 2008.

Principal and interest on insured accounts, through July 11, 2008, are fully insured by the FDIC, up to the insurance limit of $100,000. You will receive full payment for your insured account. Certain entitlements and different types of accounts can be insured for more than the $100,000 limit. IRA funds are insured separately from other types of accounts, up to a $250,000 limit.

All accounts that exceed the $100,000 insurance limit, and/or all
accounts that appear to be related and exceed this limit, are reviewed
by the FDIC to determine their ownership and insurance coverage. If
you think you might have uninsured deposits you should call the FDIC
Call Center to arrange for a telephone interview with a Claims Agent
at 866-806-5919.
http://www.fdic.gov/bank/individual/failed/IndyMac.html