IndyMac Signs New Deal With CEO

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IndyMac Bancorp Inc. said Friday that it has signed a five-year contract, including options for five more years, with current Chairman and Chief Executive Michael Perry.


“Mike Perry has done a remarkable job leading IndyMac for the past 14 years, and he is absolutely the right CEO to lead us into the future,” commented retired Senator John Seymour, director and chairman of the Pasadena-based company’s management committee.


Since joining the Pasadena-based company in 1993, Perry has turned the lender from a marginally profitable company to the eighth largest thrift and ninth largest mortgage lender in the nation.


Shares in IndyMac were down 16 cents to $4.01 in early Friday trading.

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