David S. Loeb
Encyclopedia
David S. Loeb was the co-founder of both Countrywide Financial Corp and IndyMac Bank
along with former protégé
and longtime business partner Angelo Mozilo
. 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.
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 Marines 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.
David Loeb was also active in real estate development
. His Wingfield Nevada Group/Loeb Enterprises, LLC developed master planned communities including a 1350 acres (5.5 km²) development in Sparks, Nevada
, called Wingfield Springs.
Loeb died on June 30, 2003, at the age of 79 in his home at the Winfield Springs community of Sparks, Nevada
.
IndyMac Bank
OneWest Bank is a federal savings bank with 82 retail branches in southern California and approximately $14 billion in deposits as of February 2010....
along with former protégé
Mentorship
Mentorship refers to a personal developmental relationship in which a more experienced or more knowledgeable person helps a less experienced or less knowledgeable person....
and longtime business partner Angelo Mozilo
Angelo Mozilo
Angelo R. Mozilo was the chairman of the board and chief executive officer of Countrywide Financial until July 1, 2008. Condé Nast Portfolio ranked Mozilo second on their list of "Worst American CEOs of All Time".-Life and career:...
. 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.
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 Marines during World War II
World War II
World War II, or the Second World War , was a global conflict lasting from 1939 to 1945, involving most of the world's nations—including all of the great powers—eventually forming two opposing military alliances: the Allies and the Axis...
. He received a bachelor's degree in accounting from New York University
New York University
New York University is a private, nonsectarian research university based in New York City. NYU's main campus is situated in the Greenwich Village section of Manhattan...
in 1951 and served on the Board of Overseers of the NYU/Stern School of Business where he endowed
Financial endowment
A financial endowment is a transfer of money or property donated to an institution. The total value of an institution's investments is often referred to as the institution's endowment and is typically organized as a public charity, private foundation, or trust....
a Professorship in Finance.
David Loeb was also active in real estate development
Real estate development
Real estate development, or Property Development, is a multifaceted business, encompassing activities that range from the renovation and re-lease of existing buildings to the purchase of raw land and the sale of improved land or parcels to others...
. His Wingfield Nevada Group/Loeb Enterprises, LLC developed master planned communities including a 1350 acres (5.5 km²) development in Sparks, Nevada
Sparks, Nevada
Sparks is a city in Washoe County, Nevada, United States, located east of Reno, Nevada. The 2010 U.S. Census Bureau population count was 90,264. Sparks is often referred to as half of a twin city .-Geography and Climate:...
, called Wingfield Springs.
Loeb died on June 30, 2003, at the age of 79 in his home at the Winfield Springs community of Sparks, Nevada
Sparks, Nevada
Sparks is a city in Washoe County, Nevada, United States, located east of Reno, Nevada. The 2010 U.S. Census Bureau population count was 90,264. Sparks is often referred to as half of a twin city .-Geography and Climate:...
.
