January 7, 2010 / 7:36 AM / 9 years ago

FirstFed Financial files for bankruptcy

* Files for Chapter 11 protection

* Lists assets of $4.8 mln, liabilities of $159.7 mln

Jan 7 (Reuters) - FirstFed Financial Corp FFED.PK filed for Chapter 11 protection in a California bankruptcy court less than a month after its banking unit was shut down by federal regulators.

The company listed assets of $4.8 million and liabilities of $159.7 million in court papers filed on Wednesday.

OneWest Bank, formerly failed mortgage lender IndyMac, bought 39 branches of FirstFed’s bank in December.

In addition to assuming $4.5 billion in total deposits, OneWest, of Pasadena, Calif., agreed to buy essentially all of First Federal’s assets of $6.1 billion.

The case is In re: FirstFed Financial Corp, U.S. Bankruptcy Court, Central District Of California, No 10-10150. (Reporting by Santosh Nadgir in Bangalore; Editing by David Holmes)

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