Richard Clough of the Business Journal has won national recognition for his reporting on the demise of IndyMac Bancorp.

Clough was honored by the Society of American Business Editors and Writers in the Enterprise category for weekly publications in the society’s annual Best in Business awards, which were announced March 24.

The judges said Clough’s article, which was headlined “IndyMac’s Last Gasps” and published in the Sept. 15 issue, dug deeply into the account of the bank’s collapse.

“The story of IndyMac’s failure quickly grabbed the attention of national media, and yet it was the hometown Business Journal that provided the insider sourcing to tell a compelling story of the spectacular breakdown,” the judges wrote. “Banking reporter Richard Clough did an excellent job of weaving together the publicly known facts and newly obtained insider perspective. He also effectively captured the personality of Chief Executive Michael Perry, through the viewpoint of his colleagues, and his role in the company’s demise.”

The awards will be presented at SABEW’s annual conference in late April in Denver.