IndyMac Announces Record Quarterly EPS of $0.73, Up 30%; Board of Directors Increases Cash Dividend by 50%; Terrance Hodel Joins IndyMac's BoardIndyMac Bancorp, Inc.
...IndyMac Announces Record Quarterly EPS of $0.73, Up 30%; Board of Directors Increases Cash Dividend by 50%; Terrance Hodel Joins IndyMac's Board
...Terrance G. Hodel Joins Board of DirectorsIndyMac also announced the appointment of Terrance G. Hodel to its Board of Directors, increasing the number of directors to eight.Mr. Hodel, 60, held the position of President and Chief Operating Officer of North American Mortgage Company from 1992 to 1997 when it was acquired by Dime Bancorp, Inc.
At the time, North American Mortgage
was one of the ten largest mortgage companies in the United States.Mr. Hodel continued to serve as Vice Chairman of North American for an additional year following the acquisition.He most recently served as Chief Executive Officer of Paymap, Inc. from 2001 to May of this year.Prior to his service at North American Mortgage Company, Mr. Hodel served as President and Chief Executive Officer of IMCO Realty Services, a large mortgage banking company, from 1985 to 1992, and was President and Chief Executive Officer of Wells Fargo Mortgage Company from 1979 to 1985.Mr. Hodel
has more than 33 years experience in the mortgage banking industry.He holds an MBA from Stanford University and serves on the Board of Trustees of Marin Academy and Pomona College, and on the Board of Directors of Luther Burbank Savings.Mr. Hodel also served on the Board of Directors of the Mortgage Bankers Association of America from 1992 to 1998 and on the Board of Directors of Redwood Trust from 1999 to 2000.
"We are extremely pleased to welcome Terry
to IndyMac's Board of Directors.With his extensive background in mortgage banking, Terry brings tremendous industry expertise to complement the depth and breadth of our highly qualified team of independent directors," commented Patrick C. Haden, Chairman of the IndyMac Board Nominating and Governance Committee.
..."In addition to serving on our Board of Directors, Terry will be a member of the Asset and Liability Committee and the Community Lending, Compliance and Technology Committee."