Analysts on Thursday said SGV Bancorp of West Covina, Calif., is a likely target for IndyMac Mortgage Holdings, which has said it intends to restructure and acquire a thrift charter.

Officials of IndyMac, Pasadena, Calif., said Wednesday they intend to buy a California savings and loan with about 10 branches, $500 million of assets, and a predominantly residential portfolio.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.