Cheryl E. Olson

Downey Financial Corp. operates as the holding company of Downey Savings and Loan Association F.A., which provides a range of financial services to individual and corporate customer. It attracts funds from the general public and institutions; and originates and invests in loans, primarily residential real estate mortgage loans, investment securities, and mortgage-backed securities. The bank’s deposit services include certificates of deposit, checking, money market and regular passbook, passbook accounts.