FDIC says it will sell IndyMac

An IndyMac Bank branch is seen in Glendale, California July 17, 2008. REUTERS/Phil McCarten

An IndyMac Bank branch is seen in Glendale, California July 17, 2008.

Credit: Reuters/Phil McCarten

Fri Jan 2, 2009 3:46pm EST

(Reuters) - The Federal Deposit Insurance Corp, in a statement on its Website, says it signed a letter of intent to sell Indymac Federal bank operations to thrift holding company controlled by IMB Management Holdings LP.

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