IndyMac Bancorp Inc.’s collapse may spur withdrawals from banks ranging from First BanCorp in Puerto Rico to Los Angeles-based Nara Bancorp Inc. as customers trim accounts below the $100,000 limit on deposit insurance, according to Sandler O’Neill & Partners LP.

“IndyMac’s failure has people worried about others,” Mark Fitzgibbon, a principal at Sandler O’Neill, said in an interview. Fitzgibbon told clients in a report this week that signs of weakness may prompt customers “to more actively move deposits to banks that are perceived to be healthier.”

The result could be a liquidity squeeze at banks that rely on “jumbo” deposits, Fitzgibbon said. His report, published July 15, included more than 50 companies with jumbo time accounts, typically certificates of deposit, that exceeded 25 percent of first-quarter deposits.

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