OneWest Bank Center (Pasadena, California)

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Former headquarters of IndyMac
Federal authorities said based on a preliminary analysis, the takeover of IndyMac would cost the FDIC between $4 billion and $8 billion.
IndyMac’s failure had been widely expected, as regulators said it was not well-capitalized. Its stock has plummeted to mere pennies a share and some nervous depositors have been pulling their funds. The bank has been reeling from losses on defaulted mortgages made at the height of the housing boom.
IndyMac’s failure is second only to the 1984 failure of Continental Illinois Bank, which had assets of $40 billion at the time.
The FDIC, which took over operarions of Indymac, sought to reassure depositors with less than $100,000 held in a single name or $250,000 in a retirement account that their money was safe, but an estimated 10,000 IndyMac customers had deposits that exceeded those limits.