IndyMac executives move on, but CEO stays

July 22nd, 2008, 10:37 am · Post a Comment · posted by Mathew Padilla, Reporter

Pasadena-based IndyMac Bancorp, holding company for the bank recently seized by federal regulators, said today all of its executive officers have left except Chief Executive Michael Perry, though he is no longer affiliated with the company’s bank subsidiary.

Here’s more from the brief SEC filing:

S. Blair Abernathy resigned as Executive Vice President and Chief Financial Officer of the Company effective July 16, 2008 but continues with IndyMac Federal Bank FSB, the successor to IndyMac Bank; Richard H. Wohl resigned as President of IndyMac Bank effective July 17, 2008; and Frank M. Sillman, Executive Vice President and Chief Executive Officer of Mortgage Bank is no longer affiliated with the Company but continues with IndyMac Federal Bank.

The company previously announced its chief financial officer quit.

By the way, IndyMac has operations in Irvine, including the nation’s largest reverse-mortgage lender to seniors. It will be interesting to see what happens with that unit.

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