ˌɔn dʒuːlˈaɪ ɪlˈɛvən, tˈuː θˈaʊzənd ˈeɪt, ˈɪndi mˈæk bˈæŋk wʌz plˈeɪst ˌɪntʊ kənsˈɜːveɪɾɚʃˌɪp baɪ ðɪ ˈɛfdˈɪk ænd ˌɔn ˈɔːɡəst sˈɪks, tˈuː θˈaʊzənd ˈeɪt, ðə bˈæŋk fˈaɪld fɔːɹ tʃˈæptɚɹ ɪlˈɛvən bˈæŋkɹʌptsi pɹətˈɛkʃən.
On July 11, 2008, IndyMac Bank was placed into conservatorship by the FDIC and on August 6, 2008, the bank filed for Chapter 11 bankruptcy protection.