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Southern Pacific Thrift Loan

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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
January 28, 1994 | ANNE MICHAUD
Low interest rates and heavy home refinancing contributed to a 52% increase in revenue and a 35% increase in profit for the year, Imperial Credit Industries Inc. reported Thursday. The company, which is the parent of Southern Pacific Thrift & Loan Assn., reported annual revenue of $72.3 million, up from $47.5 million for 1992. Earnings were $18.4 million, or $1.79 a share, compared to a profit of $13.6 million, or $1.49 a share, for the previous 12 months.
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