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Child Welfare League of America Honors Indymac Bank as Corporate Friend of Children

IndyMac Bank to be recognized for its commitment to vulnerable children and families

For more information, contact
Joyce Johnson
Phone: 804/492-4519
Cell: 703/980-7641

March 1, 2005, Washington, DC -- IndyMac Bank, the largest savings and loan or bank in Los Angeles and the 10th largest thrift nationwide, has been named by the Child Welfare League of America (CWLA) as a 2005 Corporate Friend of Children. IndyMac Bank was selected for its outstanding commitment to the children and families both within and outside its corporate family and community.

Shay Bilchik, CWLA's President & CEO, said, "We are extraordinarily pleased to present this Corporate Friend of Children Award to IndyMac Bank. IndyMac's extensive support of The Sycamores and other organizations that benefit vulnerable children, families, and communities in the San Gabriel Valley of Los Angeles is to be commended."

The award will be presented to IndyMac Bank on March 10, 2005, at CWLA's 85th Anniversary Gala Dinner, to be held during CWLA's National Conference in Washington, DC. This formal event attracts nearly 1,500 child advocates, representatives from Capitol Hill, national child-serving organizations, foster parents, and child welfare professionals from across the country. AirTran Airways and New Jersey Resources Corporation will be recognized alongside IndyMac Bank as Corporate Friends of Children; Bank of America will be recognized as the 2005 National Corporate Advocate of the Year.

The Pasadena Children's Training Society (d.b.a. the Sycamores), nominated IndyMac Bank for this distinguished award, noting that IndyMac Bank has demonstrated a sustained pattern of local activities and charitable giving that benefits children, families, and communities. IndyMac's eight-year collaboration with The Sycamores has included financial support, in-kind support, and volunteer support. IndyMac is one of the primary partners in The Sycamores' new and innovative cross-promotional advertising campaigns, Kids Cause. The goals of the campaign are twofold: to help raise awareness in the community about issues children living in the foster care system face; and to raise funds to support the mission of the Sycamores.

Commenting on the award, Mike Perry, CEO of IndyMac Bank stated, "We are very committed to supporting the needs of children and families in the communities in which we work and live, and we are proud to be affiliated with an organization like The Sycamores, whose work inspires us every day. We are honored by this award and pleased to be recognized alongside our fellow recipients."

Criteria used by CWLA in the selection of the awardees include: personnel and management policies that promote the well-being of its employees; giving and philanthropic activities that benefit children, youth, and families outside the family; corporate products that are not harmful to children and families or their physical and cultural environment; and a sustained pattern of national, state, or local activities that benefit children, families, and the community.

About IndyMac Bank
Founded in 1985, IndyMac is in the business of designing, manufacturing, and distributing cost-efficient financing for the acquisition, development, and improvement of single-family homes. IndyMac also provides financing secured by single-family homes to facilitate consumers' personal financial goals and strategically invests in single-family mortgage related assets. IndyMac Bank offers highly competitive mortgage products and services that are tailored to meet the needs of both consumers and business professionals. For additional information, visit

About The Sycamores
For more than 100 years, The Sycamores has been helping children and families to recognize and build on their strengths. From intensely-structured residential treatment services to foster care, adoption and in-home services, The Sycamores offers a comprehensive range of family-centered, social, educational, preventive and behavioral health programs that encourage children, adults and their families to lead stable, independent and productive lives. For additional information, visit

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