OneWest Bank, FSB offers personal and commercial banking services through a network of bank branches in California.  The bank was formed in March of 2009 at that time it acquired the assets of Indymac Federal Bank as part of a government assisted transaction.  OneWest Bank is headquartered in Pasadena, California.  OneWest Bank, FSB is chartered as a Savings Association.  Therefore the primary regulator is the Office of Thrift Supervision (OTS).

As of June 30, 2009, the bank had approximately 2,107 full-time equivalent employees, total bank assets were $16,994,227,000 total bank deposits stood at $6,942,540,000 and net operating income was $377,260,000.

OneWest Bank most recent performance ratios.
As of June 30, 2009:

Yield on earning assets 7.16% 
Cost of funding earning assets 1.94% 
Net interest margin 5.22%
Noncurrent loans to loans 23.39%
Equity capital to assets 11.88% 
Core capital (leverage) ratio 11.01% 
Tier 1 risk-based capital ratio 27.07% 
Total risk-based capital ratio 28.33%
 
OneWest Bank products and services:

OneWest operates as a regional bank, focused on deposits and conforming and jumbo mortgage lending for its retail customers in Southern California.  OneWest also operates the national mortgage banking business acquired from IndyMac.  OneWest also operates Financial Freedom, one of the nation’s largest reverse mortgage businesses which was acquired with the Indymac transaction.  Banking products and services include: checking accounts, savings accounts, money market accounts, certificates of deposits, retirement accounts, mortgage loans including reverse mortgages, online banking as well as institutional banking.

OneWest Bank branch bank locations:

The bank has 33 retail branches in Southern California
Corporate headquarters are located at:

OneWest Bank
888 East Walnut Street
Pasadena, CA 91101
Telephone: (800) 669-2300

OneWest Bank web address:   www.onewestbank.com

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