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OneWest Bank is a former US regional bank that operated from March 2019 to July 2022, when it became a division of First Citizens BancShares. With over 60 retail branches in Southern California. OneWest Bank specialized in consumer deposit and lending. OneWest also offered small business services, loans, and treasury management products.
In February 2012, Gleacher & Co. announced the sale of its mortgage unit ClearPoint to Ocwen. [17] In June 2013, Ocwen Financial Corp. (OCN), a provider of loan and asset-management services, agreed to buy contracts to handle payment collections on about $78 billion of mortgages from OneWest Bank FSB for $2.53 billion.
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On December 18, 2009, First Federal Bank of California was closed by the Office of Thrift Supervision. The assets and deposits of Federal Bank of California in Santa Monica were bought by closely held OneWest Bank. As of December 2010, the FDIC estimates the failure of First Federal Bank of California will cost the deposit insurance fund $10.0 ...
OneWest Bank, FSB, converted to a national bank and was renamed OneWest Bank, N.A., in February 2014, as the bank transitioned from a residential lender to a full-service bank. [18] In 2011, Otting signed a consent order, in conjunction with 14 other large bank mortgage servicers, with the U.S. Office of Thrift Supervision regarding the bank's ...
There was no merger, so it is incorrect to refer to OneWest Bank as "OneWest Bank, FSB f/k/a IndyMac Bank, FSB" or similar. Most of IndyMac Bank's liabilities stayed with the FDIC and are subject to the FDIC's claims process. Also, the year in which OneWest Bank was founded is 2009. It is incorrect to use the year in which IndyMac Bank was founded.
IndyMac Bank was founded as Countrywide Mortgage Investment in 1985 by David S. Loeb and Angelo Mozilo [6] [7] as a means of collateralizing Countrywide Financial loans too big to be sold to Freddie Mac and Fannie Mae.
Flagstar Bank was the jersey sponsor of the Detroit Pistons of the National Basketball Association for the 2017-18 NBA Season. [23] In 2018, the bank acquired 8 branches in San Bernardino County, California from Desert Community Bank. [24] The company also acquired a mortgage warehouse loan portfolio from Santander Bank. [25]