David S. Loeb | |
Birth Date: | 19 January 1924 |
Death Place: | Sparks, Nevada, U.S. |
Nationality: | American |
Education: | Maine Maritime Academy New York University |
Spouse: | Ingrid Heidi Loeb |
Children: | 3 biological, 1 stepchild |
David S. Loeb (January 19, 1924 - June 30, 2003[1]) was the co-founder of both Countrywide Financial Corp and IndyMac Bank along with former protégé and longtime business partner Angelo 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 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.[5]
David Loeb was also active in real estate development. His Wingfield Nevada Group/Loeb Enterprises, LLC developed planned communities including a 1350acres development in Sparks, Nevada, called Wingfield Springs.
Loeb died on June 30, 2003, at the age of 79 in his home at the Wingfield Springs community of Sparks, Nevada.[6] [7] He is survived by his wife Ingrid Heidi Loeb; three daughters, Tracey Loeb, Heidi Loeb and Wendy Lumsden; and a stepson, Nicholas Casini.