Branch opening: IndyMac Bank.
Branch Opening: IndyMac Bank Indymac Bancorp, Inc. (NYSE: IMB) (Indymac®) is the holding company for Indymac Bank, F.S.B. (Indymac Bank®), the largest savings and loan in Los Angeles and the 7th largest mortgage originator in the nation. , the largest savings and loan savings and loan n. a banking and lending institution, chartered either by a state or the Federal government. Savings and loans only make loans secured by real property from deposits, upon which they pay interest slightly higher than that paid by most banks. in Los
Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , opened its newest branch in Cerritos. Between Nov. 15 and Dec.
1, IndyMac Bank will contribute $25 to the Friends of Arts Education at
the Cerritos Center for every account or loan application opened with
the branch. The Friends of Arts is a non-profit organization that works
toward exposing children to performing arts. IndyMac, which had nine
branches in 2004, now has 29 in Southern California.
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