South Florida Bankruptcy Lawyer

The California bank formerly known as IndyMac reopened under a new name last Monday.  The firms new CEO John Bovenzi said it will open as a “strong and safe” institution.

Customers of the bank who insured their money can return to their usual deposits and withdrawals.  The Federal Deposit Insurance Crop guarantees traditional bank accounts to $100,000 and individual retirement accounts up to $250,000, according to a report on CNN.  The bank had 265,000 customers with insured accounts.

IndyMac was seized by the federal Office of Thrift Supervision after customers withdrew more than $1.3 billion in a two-week period.  Upon being seized the bank was transferred under the control of the FDIC

“Our objective is to preserve the bank’s value and return it to the private sector, which we plan to do in the upcoming months,” Bovenzi said to CNN.

If you are at risk of bankruptcy and live in the South Florida area, contact the South Florida Bankruptcy lawyers of Eric N. Klein & Assoc. P.A. at 561.353.2500 to discuss your options.