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FDIC BOARD APPROVES LETTER OF INTENT TO SELL INDYMAC FEDERAL
January 02, 2009
WASHINGTON, Jan. 2 -- The Federal Deposit Insurance Corporation issued the following news release:

On Wednesday December 31, 2008 the Federal Deposit Insurance Corporation (FDIC) signed a letter of intent to sell the banking operations of IndyMac Federal Bank, FSB, Pasadena, California, to a thrift holding company controlled by IMB Management Holdings LP, a limited partnership. The FDIC's Board of Directors approved the agreement to sell IndyMac Federal to the investor group.

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