Customers line up at recently seized IndyMac to withdraw money

Customers line up at recently seized IndyMac to withdraw money - San Jose Mercury News: "Click photo to enlarge
A long line of customers enter IndyMac Federal Bank Monday, July 14, 2008, at... ( Nick Ut )«1»PASADENA - Hundreds of worried IndyMac Bancorp. customers lined up today to pull as much money as they could from the failed financial institution.
However, federal regulators said it could be years before the affairs of the bank were fully resolved.
Charles Tengeri, a retired school teacher, was the first customer to emerge from the Pasadena headquarters of the bank.
He held a check for $171,000 - an amount that he said represented most of his savings.
'I didn't think this could happen,' he said. 'But I'm glad to get anything out.'
Customer Harvey Solvan said he had more than $100,000 in the bank seized Friday by federal regulators.
'It's a question of how much we can get and how soon,' he said while waiting in line.
Solvan spent Sunday night at a hotel near the bank so he could be at the door more than three hours before it opened at 9 a.m.
Two-hundred people were in line when the bank opened. A security guard at the door was allowing 10 people at a time to enter the branch.
Customers were orderly as the line stretched around the block.
The FDIC insures bank deposits of up to $100,000 per depositor and up to $250,000 for funds in retirement accounts such as an IRA.
Customers with uninsured"