David S. Loeb | |
|---|---|
| Born | (1924-01-19)January 19, 1924 |
| Died | June 30, 2003(2003-06-30) (aged 79) Sparks, Nevada, U.S. |
| Education | Maine Maritime Academy New York University |
| Occupations |
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| Spouse | Ingrid Heidi Loeb |
| Children | 3 biological, 1 stepchild |
David S. Loeb (January 19, 1924 – June 30, 2003[1]) was the co-founder of bothCountrywide Financial Corp andIndyMac Bank along with formerprotégé and longtime business partnerAngelo 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 theMaine 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 theMerchant Marines duringWorld War II. He received a bachelor's degree in accounting fromNew York University in 1951 and served on the Board of Overseers of the NYU/Stern School of Business where heendowed a Professorship in Finance.[5]
David Loeb was also active inreal estate development. His Wingfield Nevada Group/Loeb Enterprises, LLC developedplanned communities including a 1,350-acre (5.5 km2) development inSparks, 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 ofSparks, 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]
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