BNET Industries

Downey Financial Corp.

(DSL) is in the Financial Services Industry

Last Fiscal Year Sales:$1.0B

Public
US

Dow Jones Description

Downey Savings is a federally chartered financial institution that gives you small town attention with big city clout. In 1957 we opened our first office in the city of Downey, California. Today we offer everything from checking accounts to home loans and most everything in between. People tell us that they like the way we treat them, and we believe that it's the special attention we provide to our customers that accounts for our growth to over $13.5 billion in assets. The management of Downey Savings has kept up with the unbelievable technological advances in our industry, but lots of things haven't changed at all. We still talk to you personally and we still have offices for you to visit. We understand that people still want to see and talk to their bankers.

Chief Executive Officer

Charles R. Rinehart

Number of Employees 2,004

Contact Information

3501 Jamboree Rd

Newport Beach, California 92660-2939

dsforeclosure.c...

(949) 854-3100

Peer Companies

NAICS Code Savings Institutions: 522120

News & Analysis

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downey financial corp. - All News and Analysis

The Option Arm Triplets: Dead Banks Walking

Seeking Alpha - 2008-08-28

Greg Weston submits: I am continually surprised that people are willing to hold, at any price, the common stock of regional Option-ARM mortgage disasters Downey Financial DSL, BankUnited Financial Corporation BKUNA, and FirstFed Financial FED. They are dead banks walking. The big investment banks, money center banks, insurance companies, and...

Tags: Financial, Downey Financial Corp., Firstfed Financial Corp.
10 Financial Entities On the Brink

Seeking Alpha - 2008-08-22

Michael Shedlock submits: Clearly Lehman LEH is on the brink of disaster. On Wednesday, the Financial Times was reporting Lehman’s secret talks to sell 50% stake stall. by Michael Shedlock

Tags: Financial, Ambac Financial Group Inc., Corus Bankshares Inc., Downey Financial Corp., Fannie Mae, Freddie Mac, Lehman Brothers Holdings Inc., MBIA Inc., Merrill Lynch & Co. Inc., Regions Financial Corp., Wachovia Corp., Washington Mutual Inc.
Why Downey Financial is Not IndyMac

Seeking Alpha - 2008-08-17

Christopher Whalen submits: The IRA is on the road part of this week in Oslo for our talk on Monday, "Do OTC Credit Derivatives Increase or Reduce Risk?" But we wanted to comment on Downey Financial (NASDAQ:DSL) before we head to EWR. We've been getting lots...

Tags: Financial, Downey Financial Corp.
Another Leg Down for Financials Is Coming

Seeking Alpha - 2008-08-14

Colin Peterson submits: I think there will be at least one more big leg down. I see numerous potential catalysts; here are two:CFC or the creditors file a BK petitionbank failures, e.g. VNBC, BKUNA, and DSL Check out the deterioration in the enormous CFC option-ARM portfolio. (Calculated Risk did...

Tags: Financial, Countrywide Financial Corp., Downey Financial Corp., Vineyard National Bancorp
Downey Gets Big Investor; Loan Woes Could Be Issue

- 2007-12-03

FINANCE: Ford eyes control, sale; McAlister remains deciding factor Could it be for real this time for Downey Financial Corp.? As California's fourth largest savings and loan operator, Newport Beach-based Downey is a constant source of buyout speculation. Earlier this year, Jim Cramer of TV's "Mad Money" called...

Tags: Downey Financial Corp., FINANCE, Ford Motor Co., Investment, investor, Mortgages

EXECUTIVE SUMMARY

- 2007-10-22

This post week's news from www.ocfaj.com and other sources TECHNOLOGY Tustin's MTI Corp., a seller of data storage computers and software from EMC Corp., is selling off its European operations for $5.5 million and filing for bankruptcy protection, the company said last week. MTI is filing for bankruptcy reorganization but...

Tags: Downey Financial Corp., MTI Corp.
Afternoon Alert for Advanced Semiconductor Engineering, Inc.

- 2007-04-20

M2 PRESSWIRE-20 April 2007-MarketMinute: Afternoon Alert for Advanced Semiconductor Engineering, Inc.C1994-2007 M2 COMMUNICATIONS LTD RDATE:20042007 InvestorIM has been created as a tool for the average investor. The idea is simple, a website where the world can communicate. Do you have a...

Tags: Advanced Semiconductor Engineering Inc., Downey Financial Corp.
OC'S WEALTHIEST

- 2005-08-08

Eight Billionaires; Entrepreneurs, Philanthropists, a Crusader 1 DONALD BREN Owner, chairman, The Irvine Company Estimated worth: 58 billion Just about everything Don Bren owns rose in value in the past year. And he owns a lot-land, apartments, shopping centers, office buildings, hotels, golf courses, even marinas. The big gains came...

Tags: Arnall, Broadcom Corp., Downey Financial Corp., DST Systems Inc., John Tu, Oakley Inc., PIMCO, Quest Software Inc.
Orange County, Calif., Interest Rate Sensitive Firms Show Strength in Market.(Knight Ridder/Tribune Business News)

- 2000-08-15

Aug. 13--In the argot of Wall Street, Downey Financial Corp., First American Corp. and Fidelity National Financial Inc. are known as "interest-rate-sensitive" companies because higher borrowing costs typically do very bad things to their sales, earnings and share prices. In the current climate,...

Tags: bank, Downey Financial Corp., Fidelity Investments, FINANCE, income, Mortgages, Orange PCS

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Decision Makers

Name (plus bio)	Position
Charles R. Rinehart	Chief Executive Officer
Brian E. Cote	Chief Financial Officer
Cliff J Piscitelli	Executive Vice President
Gary F Torrell	Executive Vice President
Jon A MacDonald	Executive Vice President
Lillian E Gavin	Executive Vice President
Ned Altemus	Executive Vice President
Thomas E. Prince	Senior Executive Vice President
David A. Casty	Senior Vice President
Edward A. Luther	Senior Vice President
Jeffrey D. Pratt	Senior Vice President
Stanley M. Tarbell	Senior Vice President
Clifford J. Piscatelli	Senior Vice President & Director, Marketing
Richard Swinney	Senior Vice President & Director, Operations
Alfonso Gonzalez	Branch Manager
Doug Chauncey	Branch Manager
Janette Jones	Branch Manager
John Davey	Branch Manager
Karen Namanny	Branch Manager
Larissa Stahley	Branch Manager
Linda Gorham-Bassett	Branch Manager
Marnee Theurer	Manager, Marketing
Monica Freeman-King	Branch Manager
Kent Wallace	Controller
Francisco de Cordova
J P Perfili
John R Gatzke
Kendice K Briggs
Kent J Smith
G. Brent McQuarrie	Director
Gerald E. Finnell	Director
James H. Hunter	Director
Jane Wolfe	Director
Lester C. Smull	Director
Michael Abrahams	Director

Board of Directors

Name (plus bio)	Position
Michael D. Bozarth	Chairman
Brent McQuarrie	Board of Directors
Cheryl E. Olson	Vice Chairman
Gary W. Brummett	Vice Chairman

Organization	Position	Status
Downey Financial Corp.	Chief Executive Officer	Current
VeriFone Holdings, Inc.	Chairman	Current
MBIA Inc.	Board of Directors	Current
Pccharge	Director	Current
VeriFone Holdings, Inc.	Board of Directors	Former
Downey Financial Corp.	Board of Directors	Former
Union Bank of California	Director	Former
University of San Francisco	Graduate	Former

Organization	Position	Status
Downey Financial Corp.	Chief Financial Officer	Current
Chinatrust Bank (USA)	Chief Financial Officer	Former
Downey Financial Corp.	Executive Vice President	Former
Security Pacific National Bank	Team Member	Former

Organization	Position	Status
Downey Financial Corp.	Executive Vice President	Current
Downey Financial Corp.	Director of Asset Management	Former
Corporation Bank	Director of Secondary Marketing	Former
Corporation Bank	Director of Mortgage Banking	Former

Organization	Position	Status
Downey Financial Corp.	Executive Vice President	Current
Downey Financial Corp.	General Counsel	Current
Downey Financial Corp.	Board of Directors	Current

Organization	Position	Status
Downey Financial Corp.	Executive Vice President	Current
Corporation Bank	Executive Vice President	Former
Orange County	Executive Vice President	Former
Orange County	General Counsel	Former
Corporation Bank	Corporate Secretary of both Downey	Former
Downey Financial Corp.	Corporate Secretary	Former
Crown Realty & Development Corp	Team Member	Former

Organization	Position	Status
Downey Financial Corp.	Executive Vice President	Current
Downey Financial Corp.	Chief Credit Officer	Former
Corporation Bank	Chief Credit Officer	Former
Downey Financial Corp.	Director of Compliance and Risk Management	Former
Federal Deposit Insurance Corporation	Team Member	Former

Organization	Position	Status
Downey Financial Corp.	Executive Vice President	Current
Columbia Savings Inc	Vice President	Former
Downey Financial Corp.	Director of Residential Lending	Former
Columbia Savings Inc	Regional Loan Manager	Former
Downey Financial Corp.	Regional Production Manager	Former

Organization	Position	Status
Downey Financial Corp.	Senior Executive Vice President	Current
Downey Financial Corp.	Interim Chief Executive Officer	Former
Downey Financial Corp.	Executive Vice President & Chief Operating Officer	Former
DSL Service Co.	COO	Former
Corporation Bank		Former

Organization	Position	Status
Downey Financial Corp.	Senior Vice President	Current

Organization	Position	Status
Downey Financial Corp.	Senior Vice President	Current
Great American Bank	Vice President	Former
Downey Financial Corp.	Director of Major Loans	Former
Great American Bank	Loan Officer	Former
Corporation Bank		Former

Jeff is a professional financial institutions executive with over 15 years of experience in risk management. He is the former senior vice president of Westcorp, a $3 billion NYSE traded holding company whose primary subsidiaries are Western Financial Bank and WFS Financial, Inc., a publicly held auto finance company traded on NASDAQ.

Organization	Position	Status
Wachovia Bank, N.A.	Senior Vice President	Current
Downey Financial Corp.	Senior Vice President	Current
Lenders Technology, Inc	Senior Advisor	Current
Wfs Financial, Inc.		Current
Western Financial Bank		Current
Option One Mortgage Corporation	Senior Manager for Portfolio Risk	Former
Tehran University		Former
Wachovia Bank, N.A.	Managing Member	Former

Organization	Position	Status
Downey Financial Corp.	Senior Vice President	Current
Downey Financial Corp.	Tax Director	Former
Kenneth Leventhal & Company	Accountant	Former
Corporation Bank	Director	Former

Organization	Position	Status
Downey Financial Corp.	Senior Vice President & Director, Marketing	Current

Organization	Position	Status
Downey Financial Corp.	Senior Vice President & Director, Operations	Current

Organization	Position	Status
Downey Financial Corp.	Branch Manager	Current

Organization	Position	Status
Downey Financial Corp.	Branch Manager	Current

Organization	Position	Status
Downey Financial Corp.	Branch Manager	Current

Organization	Position	Status
Downey Financial Corp.	Branch Manager	Current

Organization	Position	Status
Downey Financial Corp.	Branch Manager	Current

Organization	Position	Status
Downey Financial Corp.	Branch Manager	Current

Organization	Position	Status
Downey Financial Corp.	Branch Manager	Current

Organization	Position	Status
Downey Financial Corp.	Manager, Marketing	Current

Organization	Position	Status
Downey Financial Corp.	Branch Manager	Current

Organization	Position	Status
Downey Financial Corp.	Controller	Current

Organization	Position	Status
Downey Savings	CIO & Executive Vice President	Current
Downey Financial Corp.		Current
Corporation Bank	Executive Vice President	Former
Kaiser Permanente	Senior Vice President Technology	Former
Kaiser Permanente	Senior Director National Operations	Former
Wells Fargo & Company	Consulting Strategic Planner	Former
Security Pacific National Bank		Former
Home Savings of America		Former

Organization	Position	Status
Downey Financial Corp.		Current
Corporation Bank	Director of Retail Banking	Former

Organization	Position	Status
Downey Financial Corp.		Current
Corporation Bank	Chief Lending Officer	Former

Organization	Position	Status
Downey Financial Corp.		Current
Corporation Bank	Executive Vice President, Human Resources	Former
Corporation Bank	Manager of Human Resources	Former
Corporation Bank	employment supervisor	Former

Organization	Position	Status
Downey Financial Corp.		Current
Corporation Bank	Senior Vice President	Former
Corporation Bank	Financial Reporting Manager	Former
Corporation Bank	Controller	Former
Corporation Bank	Senior Internal Auditor	Former

Organization	Position	Status
Downey Financial Corp.	Chairman	Current
Downey Financial Corp.	Board of Directors	Former

Organization	Position	Status
Downey Financial Corp.	Board of Directors	Current

Organization	Position	Status
Downey Financial Corp.	Vice Chairman	Current

Organization	Position	Status
Downey Financial Corp.	Director	Current

Organization	Position	Status
Commercial Capital Bancorp, Inc.	Board of Directors	Current
Downey Financial Corp.	Vice Chairman	Current
Downey Financial Corp.	Board of Directors	Former

Organization	Position	Status
Downey Financial Corp.	Director	Current

Organization	Position	Status
Downey Financial Corp.	Director	Current

Organization	Position	Status
Downey Financial Corp.	Director	Current

Organization	Position	Status
Downey Financial Corp.	Director	Current

Organization	Position	Status
Downey Financial Corp.	Director	Current

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Glass Door

Financial Services Industry Companies

Company	Employer Rating
Wells Fargo	3.3
U.S. Bank	2.9
Bank of America	3.2
Wachovia	3.1
JPMorgan Chase	3.3

IndustryTop Rated

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