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CEO doubles IndyMac stake

From Times Wire Services

IndyMac Bancorp Chief Executive Michael Perry this month more than doubled his stake in the Pasadena-based company, the second-biggest independent mortgage lender.

Perry acquired 328,988 shares, bringing his holdings to 578,573 shares, according to a regulatory filing Wednesday.

The new shares were purchased for $7.93 each Friday, three days after the company posted a record fourth-quarter loss. The purchase was made via a deferred-compensation plan, the document said.

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Perry has said he wants to return IndyMac to profitability this year. The company suspended its dividend and is forgoing most home-equity loans and mortgages that don’t qualify for sale to government-backed companies.

IndyMac shares rose 2 cents to $7.40.

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