David S. Loeb (January 19, 1924 – June 30, 2003) was the co-founder of both Countrywide Financial Corp and IndyMac Bank along with former

protégé Mentorship is the influence, guidance, or direction given by a mentor. A mentor is someone who teaches or gives help and advice to a less experienced and often younger person. In an organizational setting, a mentor influences the personal and p ...

and longtime business partner

Angelo Mozilo Angelo R. Mozilo (born 1938) was the chairman of the board and chief executive officer of Countrywide Financial until July 1, 2008. Life and career Mozilo was born in New York City, the son of a Bronx butcher. He received a Bachelor of Science deg ...

. 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 Maine Maritime Academy (Maine Maritime or MMA) is a public college focused on maritime training and located in Castine, Maine. The academy was established by the 90th Maine Legislature on March 21, 1941. Unlike federal service academies, a congr ...

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 or the Second World War, often abbreviated as WWII or WW2, was a world war that lasted from 1939 to 1945. It involved the vast majority of the world's countries—including all of the great powers—forming two opposin ...

. He received a bachelor's degree in accounting from

New York University New York University (NYU) is a private research university in New York City. Chartered in 1831 by the New York State Legislature, NYU was founded by a group of New Yorkers led by then-Secretary of the Treasury Albert Gallatin. In 1832, the ...

in 1951 and served on the Board of Overseers of the NYU/Stern School of Business where he

endowed A financial endowment is a legal structure for managing, and in many cases indefinitely perpetuating, a pool of financial, real estate, or other investments for a specific purpose according to the will of its founders and donors. Endowments are of ...

a Professorship in Finance. David Loeb was also active in

real estate development Real estate development, or property development, is a business process, encompassing activities that range from the renovation and re-lease of existing buildings to the purchase of raw Real Estate, land and the sale of developed land or parcels ...

. His Wingfield Nevada Group/Loeb Enterprises, LLC developed

planned communities Planning is the process of thinking regarding the activities required to achieve a desired goal. Planning is based on foresight, the fundamental capacity for mental time travel. The evolution of forethought, the capacity to think ahead, is consi ...

including a development in

Sparks, Nevada Sparks is a city in Washoe County, Nevada, United States. It was founded in 1904, incorporated on March 15, 1905, and is located just east of Reno. The 2020 U.S. Census counted 108,445 residents in the city. It is the fifth most populous city in ...

, called Wingfield Springs. Loeb died on June 30, 2003, at the age of 79 in his home at the Wingfield Springs community of

.David S. Loeb, Former Chairman of IndyMac Bancorp, Inc., Passes Away
Businesswire, July 2, 2003
/ref> He is survived by his wife Ingrid Heidi Loeb; three daughters, Tracey Loeb, Heidi Loeb and Wendy Lumsden; and a stepson, Nicholas Casini.

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Photo of David S. Loeb
American bankers 20th-century American Jews American real estate businesspeople New York University Stern School of Business alumni 1924 births 2003 deaths Place of birth missing Maine Maritime Academy alumni Businesspeople from Maine Businesspeople from Nevada 20th-century American businesspeople 21st-century American Jews {{realestate-stub