Indymac Bank was scheduled to hold a ribbon-cutting ceremony Wednesday, July 11th, to celebrate the opening of its newest banking branch in Santa Monica, at 805 Wilshire Blvd.

Branch manager Stacy Bond was scheduled be on site to welcome customers, Santa Monica city officials and local business leaders at the event.

As part of the grand opening, Bond joined representatives from the Boys & Girls Clubs of Santa Monica to kick off the “Indymac Bank/Boys & Girls Clubs of Santa Monica “Challenge.”

During the Challenge, from July 11th to July 25th, Indymac Bank is contributing $25 to the Boys & Girls Clubs of Santa Monica for every new account or loan application opened with the branch.

The Boys & Girls Club is a nonprofit organization dedicated to providing positive activities for youth ages seven to 18 from the Santa Monica and surrounding communities during the hours they are not in school.

“Indymac Bank understands how important the Boys & Girls Club is to families and children in Santa Monica,” said Bond. “As a new member of this community, I’m so proud that we at Indymac can provide support and share in the vision of the Boys & Girls Club for Santa Monica’s children.”

Proceeds from the Indymac Bank Challenge will help support the Boys & Girls Club’s summer programs and activities.

“We are grateful for Indymac Bank’s Challenge,” said club president Allan Young. “It will go a long way towards assisting us in our goal to provide activities that stimulate and encourage youths in our community.”

Indymac Bank, which had nine branches in 2004, currently has 30 branch locations throughout Southern California, and claims to be the largest bank headquartered in Los Angeles County and the seventh-largest savings and loan in the nation.

Information, (310) 917-4900 or