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IndyMac Bank is the principal subsidiary of IndyMac Bancorp, Inc. (NDE) a federally regulated savings and loan holding company with $7.4 billion in assets and a market cap of approximately $1.3 billion. IndyMac Bank is one of the leading mortgage bankers in the country due to its award-winning asset generation franchise predominantly over the Web. IndyMac Bank is ranked as the number-one overall online mortgage lender (Gomez Report since Fall 2000), among the 25 largest mortgage lenders nationwide, the recipient of Mortgage Technology's 10X Award (2000) and Inman News Features' Most Innovative Use of Technology in Lending Award (2001). IndyMac Bank also offers Web-enhanced banking services and provides commercial loans to homebuilders for the purpose of constructing new single-family residences. IndyMac Bank is FDIC-insured.