David S. Loeb

David S. Loeb
Born(1924-01-19)January 19, 1924
DiedJune 30, 2003(2003-06-30) (aged 79)
EducationMaine Maritime Academy
New York University
Occupations
  • Businessman
  • banker
SpouseIngrid Heidi Loeb
Children3 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 1,350-acre (5.5 km2) development in Sparks, 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 of Sparks, 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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