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LOS ANGELES — The Federal Deposit Insurance Corp. said late Thursday that it completed the sale of IndyMac Federal Bank, one of the largest casualties of the housing bust, to OneWest Bank.
Pasadena, Calif.-based OneWest, a federal savings bank formed by an investor group that includes billionaire George Soros and Dell founder Michael Dell, agreed in December to purchase the failed California lender for $13.9 billion. OneWest will assume all deposits of IndyMac’s 33 branches, which will reopen as branches of OneWest today, with deposits insured by the FDIC.
