David S. Loeb

David S. Loeb
Born(1924-01-19)January 19, 1924
DiedJune 30, 2003(2003-06-30) (aged 79)
Sparks, Nevada, U.S.
EducationMaine Maritime Academy
New York University
Occupations
  • Businessman
  • banker
SpouseIngrid Heidi Loeb
Children3 biological, 1 stepchild

David S. Loeb (January 19, 1924 – June 30, 2003[1]) was the co-founder of both Countrywide Financial Corp and IndyMac Bank along with former protégé and longtime business partner Angelo Mozilo.[2][3] Loeb served as president and chairman of Countrywide from 1969 to 2000 and Chairman of IndyMac from its 1985 inception until his retirement in 2003.[4]

Loeb graduated in 1943 from the Maine Maritime Academy with a bachelor's degree in nautical science and later served on the academy's board of trustees. He was a benefactor of the academy's Loeb-Sullivan School of International Business and Logistics. Maine Maritime awarded him an honorary doctorate in 2002. Loeb served as a navigator in the Merchant Marine during World War II. He received a bachelor's degree in accounting from New York University in 1951 and served on the board of overseers of the NYU/Stern School of Business, where he endowed a professorship in finance.[5]

David Loeb was also active in real estate development. His Wingfield Nevada Group/Loeb Enterprises, LLC developed planned communities including a 1,350-acre (5.5 km2) development in Sparks, Nevada, called Wingfield Springs.[6][7]

Loeb died on June 30, 2003, at the age of 79 in his home at the Wingfield Springs community of Sparks, Nevada.[8][9] He is survived by his wife Ingrid Heidi Loeb; three daughters, Tracey Loeb, Heidi Loeb and Wendy Lumsden; and a stepson, Nicholas Casini.[9]

References

  1. ↑ "United States Social Security Death Index". FamilySearch. Retrieved July 18, 2016.
  2. ↑ Countrywide Branches Out Beyond Mortgages, Forbes, April 16, 2004
  3. ↑ Countrywide co-founder David Loeb dies, bizjournals.com, July 2, 2003
  4. ↑ "IndyMac Announces the Retirement of Founding Chairman David S. Loeb". Business Wire. February 11, 2003. Archived from the original on October 18, 2010 – via FindArticles.
  5. ↑ Countrywide Mourns Passing of Co-Founder David Loeb, July 2, 2003
  6. ↑ "David Loeb, 79; Founded Mortgage Banking Firms". Los Angeles Times. July 3, 2003. Archived from the original on February 14, 2025. Retrieved July 15, 2025.
  7. ↑ "On Writ of Certiorari to the Supreme Court of Nevada" (PDF). ethics.nv.gov. Archived from the original (PDF) on July 15, 2025. Retrieved July 15, 2025.
  8. ↑ "David S. Loeb, Former Chairman of IndyMac Bancorp, Inc., Passes Away". Business Wire. July 2, 2003. Archived from the original on September 23, 2004 – via FindArticles.
  9. 1 2 Obituary, New York Times, July 6, 2003
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