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REAL ESTATE
November 29, 1987
Imperial Bank has signed a 10-year lease with RCI Management Group to occupy nearly 40,000 square feet of office space at RCI's Figueroa Plaza, 201 N. Figueroa St. One source valued the deal at more than $20 million. Imperial will move its regional office into the ground floor and will take other space in the building by the end of this year. Construction will begin on a second tower on the site next year. Greenwood & Co.
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ENTERTAINMENT
August 3, 2013 | By Liesl Bradner
Aug. 6, the anniversary of the U.S. bombing of Hiroshima during World War II, is a date that has been ingrained in the consciousness of artist elin o'Hara slavick for as long as she can remember. The daughter of activist parents, she vividly remembers attending the annual Hiroshima Day in Monument Square in her hometown of Portland, Maine, in the 1970s, listening to her parents' oratory. It wasn't until 2008 that she finally had a chance to visit the Japanese city with her family when her epidemiologist husband received a fellowship to study there.
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BUSINESS
April 25, 1992
* Imperial Bank has announced the addition of B. Peter Knudson as a senior vice president and manager at Imperial's international banking division. Knudson joins the Los Angeles bank having had extensive international and managerial experience with Security Pacific National Bank, Union Bank, Mitsui Manufacturers Bank and Citizens Holdings.
BUSINESS
January 29, 2013 | By E. Scott Reckard
Canada's elevated housing prices and the extra debt taken on by consumers as a result could be problems for its banks should the economy hit bumps in the road, Moody's Investors Service said in downgrading its credit ratings for six major financial firms. Canada's banks are still highly rated, Moody's said Monday , tied for second place among the world's financial institutions, behind Singapore. The affected banks -- Bank of Montreal, Bank of Nova Scotia, Caisse centrale Desjardins, Canadian Imperial Bank of Commerce, National Bank of Canada and Toronto-Dominion Bank -- continue to have excellent credit ratings.
BUSINESS
September 25, 1987 | DOUGLAS FRANTZ, Times Staff Writer
Imperial Bank announced Thursday that it has taken its first step into the securities management field by creating a financial management company to handle assets of $3.5 billion in partnership with Angeles Corp., a diversified investment management company. The new financial management organization will be a holding company for First Pacific Advisors, now an Angeles subsidiary that manages $2.2 billion in securities portfolios, and Imperial Trust Co.
BUSINESS
June 30, 1998
Imperial Bank has expanded its San Fernando Valley regional office into a full-service business banking operation with substantially increased staffing, officials recently announced. The bank, a subsidiary of Inglewood-based Imperial Bancorp, has expanded services at the Sherman Oaks office from strictly loan production, with a small staff, to a full-service office with a staff of 20, including 10 bankers, said Barry Cohn, regional vice president.
BUSINESS
September 20, 1995
Imperial Credit Industries Inc., a subsidiary of Imperial Bank, said Tuesday that it will purchase a Los Angeles business credit company, CoastFed Business Credit Corp. Terms of the deal were not disclosed. CoastFed, a subsidiary of Coast Federal Bank, will remain in Los Angeles, said H. Wayne Snavely, chairman and chief executive of Imperial Credit. He said he expects few staff changes.
BUSINESS
May 16, 1985 | BILL FARR, Times Staff Writer
The Federal Deposit Insurance Corp. has filed a civil lawsuit seeking $8.4 million from Inglewood-based Imperial Bank for alleged negligence in transferring sums from accounts controlled by a Santa Monica insurance executive that led to the 1983 collapse of Community Bank in Hartford, S.D.
BUSINESS
November 23, 2000 | WALTER HAMILTON, TIMES STAFF WRITER
PCC Group Inc., an 18-year-old Pomona-based company that runs a computer-parts distributorship and other businesses, was placed in receivership after it was unable to pay off a large loan to Imperial Bank, according to a filing with the Securities and Exchange Commission. PCC could not repay $4.6 million owed to Imperial because companies that bought computer equipment from PCC bounced a series of checks late last month and early this month, according to the document filed Tuesday.
BUSINESS
November 15, 1994
Healthtronics, a private Woodland Hills provider of software and services to hospitals, said it has established a partnership with Inglewood-based Imperial Bank to handle insurance claims for doctors and hospitals. The company said Imperial Bank, through its small business investment company, has bought a substantial equity interest in Healthtronics, but declined to say the value of the deal.
BUSINESS
May 31, 2010 | By E. Scott Reckard, Los Angeles Times
The seven offices of Sun West Bank in Nevada are scheduled to reopen Tuesday as part of City National Bank, which scooped up a failed bank from the Federal Deposit Insurance Corp. for the third time in five months. Las Vegas-based Sun West, shut down by Nevada regulators Friday night, had about $352 million in assets at the end of April and $311 million in deposits, virtually all of which will be assumed by City National. About $252 million of the assets are loans on which the FDIC will share losses, City National said.
BUSINESS
December 19, 2009 | By E. Scott Reckard
Two more loss-battered Southern California banks were shut down by regulators Friday and immediately sold to two of the largest financial institutions based in the region. Stung by defaults on tricky adjustable mortgages, 80-year-old First Federal Bank of California was closed by federal savings and loan regulators, with its 39 branches to reopen today as part of OneWest Bank. Pasadena-based OneWest, created early this year from the ashes of collapsed home lender IndyMac Bank, agreed to assume all of First Federal's deposits, so no customers will lose money, the Federal Deposit Insurance Corp.
BUSINESS
January 29, 2004 | From Reuters
Canadian Imperial Bank of Commerce faces legal action by U.S. regulators for providing as much as $1 billion of financing to investors who made improper mutual fund trades, according to people familiar with the probe. Both New York Atty. Gen. Eliot Spitzer and the Securities and Exchange Commission are considering filing suits against Toronto-based CIBC, the sources said. CIBC declined to comment.
BUSINESS
February 21, 2001 | JAMES BATES, TIMES STAFF WRITER
Imperial Bank worked with flamboyant movie producer Elie Samaha to defraud a German company that is alleging Samaha inflated film budgets to force the firm to pay a larger chunk of Samaha's film costs, said court papers filed Tuesday.
BUSINESS
November 23, 2000 | WALTER HAMILTON, TIMES STAFF WRITER
PCC Group Inc., an 18-year-old Pomona-based company that runs a computer-parts distributorship and other businesses, was placed in receivership after it was unable to pay off a large loan to Imperial Bank, according to a filing with the Securities and Exchange Commission. PCC could not repay $4.6 million owed to Imperial because companies that bought computer equipment from PCC bounced a series of checks late last month and early this month, according to the document filed Tuesday.
CALIFORNIA | LOCAL
March 11, 2000
A Berkeley man was arrested in Inglewood on Friday morning on charges of trying to defraud a bank out of $1.4 million using a fake Los Angeles Unified School District account, police said. Patrick Cotton was taken into custody at the Imperial Bank, 9910 S. La Cienega Blvd., said Inglewood Police Lt. Alex Perez. Cotton, 41, was booked for forgery, burglary and attempted grand theft and held on $1.4 million bail.
BUSINESS
August 16, 1994 | From Times Staff and Wire Reports
Imperial Bank Chairman Dies: George M. Eltinge, co-founder and chairman of Los Angeles-based Imperial Bancorp, died after a long battle with cancer, the bank holding company said. He was 76. Eltinge and his partner, George L. Graziadio, ran a successful shopping center development firm before co-founding Imperial Bank in 1963 and building it into a company with 10 regional offices and 800 employees in California. There was no immediate announcement of a successor.
BUSINESS
December 22, 1987
Traditional Industries signed a $20 million line of credit with Imperial Bank and San Juan Bank to replace an existing $10 million credit line. Traditional, an Agoura Hills-based retailer of photographic equipment and services, said the new credit line will enable the company to expand without having to sell additional stock. Traditional also signed a $3 million MasterCard contract with Imperial Bank.
BUSINESS
July 30, 1999 | Bloomberg News
Imperial Bancorp subsidiary Imperial Bank said it sold its remaining 5.3 million shares in Imperial Credit Industries Inc., a commercial and consumer lender, at a pretax loss of $2.8 million. Imperial Bank sold the shares at $6 each and will report the loss for the third quarter. The bank announced its intention to sell the shares in December; since then, Imperial Credit's stock has fallen more than 26%.
BUSINESS
June 30, 1998
Imperial Bank has expanded its San Fernando Valley regional office into a full-service business banking operation with substantially increased staffing, officials recently announced. The bank, a subsidiary of Inglewood-based Imperial Bancorp, has expanded services at the Sherman Oaks office from strictly loan production, with a small staff, to a full-service office with a staff of 20, including 10 bankers, said Barry Cohn, regional vice president.
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