September 25, 1987 |
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.
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.
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.
May 16, 1985 |
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.
November 23, 2000 |
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.
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.