BNET Industries
Market Cap:$84.2K
Last Fiscal Year Sales:$191.7M
- Public
- US
Dow Jones Description
Imperial Credit Industries, Inc. ("our company" or "ICII" if referring to our parent company alone) is a Torrance, California based industrial bank holding company that was incorporated in 1991 in the State of California. Our business activities are conducted primarily through our wholly owned subsidiary Southern Pacific Bank ("SPB"). SPB offers its customers a wide variety of deposit and commercial loan products. SPB was considered undercapitalized at December 31, 2001, and is currently subject to regulatory orders issued by the California Department of Financial Institutions ("DFI") and the Federal Deposit Insurance Corporation ("FDIC"). See Item 1. Business--Regulation and Note 4 of Notes to Consolidated Financial Statements. We also conduct limited operations through two additional wholly owned subsidiaries: Imperial Business Credit Inc. ("IBC") and Imperial Credit Asset Management, Inc. ("ICAM"). We sold our entire interest in ICAM on March 27, 2002. Business Strategy
Executive Vice President and Chief Credit Officer
David I HughesContact Information
23550 Hawthorne Blvd
Ste 110
Torrance, California 90505
3103731704
Peer Companies
NAICS Code Real Estate Credit: 522292
News & Analysis
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imperial credit industries inc. - All News and Analysis
Investigation into Bankruptcy of Minneapolis Brokerage Continues.
By Tim Huber, Saint Paul Pioneer Press, Minn. Knight Ridder/Tribune Business News Apr. 11--The bad stock loans that sank a key subsidiary of Stockwalk Group and ultimately forced the Minneapolis brokerage into bankruptcy went beyond one company. Investigators are...
Imperial Bank Announces Sale of Its Remaining Shares of Imperial Credit Industries, Inc
LOS ANGELES--BUSINESS WIRE--July 27, 1999-- Imperial Bank (the "Bank"), the principal subsidiary of Imperial Bancorp (NYSE:IMP), today announced the sale of the remaining 5,258,570 shares it owned of Imperial Credit Industries, Inc. (NASDAQ:ICII) ("ICII") common stock for $6.00 per share. The transaction was arranged through Friedman, Billings, Ramsey Group,...
Imperial Bank Announces Sale of Part of Its Shares in Imperial Credit Industries Inc. and the Closing of the Sale of Imperial Trust Company's Trust Business
LOS ANGELES--BUSINESS WIRE--May 17, 1999-- Imperial Bank (the "Bank"), the principal subsidiary of Imperial Bancorp (NYSE:IMP), Monday announced the sale of 3,682,537 shares of Imperial Credit Industries Inc. (NASDAQ:ICII) ("ICII") for $8 per share to ICII. The sale of shares to ICII closed Monday and will result in...
Agreement to Sell Imperial Bancorp Stake in Imperial Credit Industries Terminated
LOS ANGELES--BUSINESS WIRE--March 29, 1999--Imperial Bancorp (NYSE:IMP) Monday announced that its letter agreement with Leucadia National Corp. (NYSE:LUK) for the proposed sale of Imperial Bank's 24.3 percent stake in Imperial Credit Industries Inc. (Nasdaq:ICII) ICII terminated pursuant to its terms. Imperial Bancorp intends to engage an investment banker for...
Imperial Credit Industries Inc., Torrance, Calif.
Stopped funding Automotive Marketing Network Inc. in Boca Raton, Fla., in July 1998. A subsidiary of Ugly Duckling Corp. is servicing the former AMN portfolio.
Reinhardt & Anderson Announces Notice of Pendency of Class Action Lawsuit Filed Against Imperial Credit Industries, Inc. and Certain Officers and Directors
ST. PAUL, Minn.--BUSINESS WIRE--Nov. 2, 1998--ALL INSTITUTIONS AND INDIVIDUALS ARE HEREBY NOTIFIED that a class action lawsuit was filed in the United States District Court Central District of California on behalf of all purchasers of Imperial Credit Industries NASDAQ:ICII; ("Imperial Credit" or the "Company") common stock during the period January,...
Imperial Bancorp Announces Impact of Imperial Credit Industries Loss Announcement
LOS ANGELES--BUSINESS WIRE--Sept. 16, 1998--Imperial Bancorp (NYSE:IMP) Wednesday announced that the release of information by Imperial Credit Industries Inc. (Nasdaq:ICII) disclosing an after-tax loss of $65 million to $75 million will result in a reduction in Imperial Bancorp's third-quarter after-tax earnings of $8.6 million to $10.1 million. ...
Imperial Bancorp reports 1994 year-end and fourth-quarter results
LOS ANGELES--BUSINESS WIRE--Jan. 26, 1995--Imperial Bancorp (NASDAQ/NMS:IBAN), parent company of Imperial Bank ("California's Business Bank"), reported results for the year and quarter ended Dec. 31, 1994, it was announced in Los Angeles Thursday by George L. Graziadio, chairman of the board, president and chief executive officer.Net income for 1994 amounted...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| David I Hughes | Executive Vice President and Chief Credit Officer |
| Paul B Lasiter | Senior Vice President and Controller |
| Ken Harper | |
| Charles E Underbrink | Director |
| Robert S Muehlenbeck | Director |
| Theodore R Maloney | Director |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Michael S Riley | Chairman of the Board |
| G. Louis Graziadio III | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| Imperial Credit Industries, Inc. | Executive Vice President and Chief Credit Officer | Current |
| Organization | Position | Status |
|---|---|---|
| Imperial Credit Industries, Inc. | Senior Vice President and Controller | Current |
Mr. Harper, Chairman and CEO of Liberty Capital Advisors, Inc. (LCA) has close to 20 years of direct experience in the real estate finance sector. Mr. Harper's success in the development of LCA is a product of his vast market knowledge and experience in working for some of the largest and most successful real estate investment banking firms. His depth of experience includes: Imperial Credit Industries, Inc., AMRESCO, Inc., Bank One Corporation and BayView Financial Trading Group, L.P. Thus far in his career, Mr. Harper directly oversaw and was responsible for analyzing, structuring and closing deals in excess of $3 billion in assets. Working on both the buy and the sell side of the market, Mr. Harper has the experience and the ability to close deals of any size. His market savvy, reputation and results-driven work ethic create a powerful foundation from which to build and lead LCA toward continued success-success as one of the preeminent loan sale advisory firms. Mr. Harper is a member of the Mortgage Bankers Association of America, and the Commercial Mortgage Securities Association, and is a graduate from the John E. Anderson Graduate School of Management at UCLA.
| Organization | Position | Status |
|---|---|---|
| Liberty Capital Advisors | Chairman & CEO | Current |
| Imperial Credit Industries, Inc. | Current | |
| UCLA Anderson School of Management | Former | |
| University of California, Los Angeles | Former |
| Organization | Position | Status |
|---|---|---|
| Imperial Credit Industries, Inc. | Chairman of the Board | Current |
| Organization | Position | Status |
|---|---|---|
| Imperial Credit Industries, Inc. | Director | Current |
| Organization | Position | Status |
|---|---|---|
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| Imperial Credit Industries, Inc. | Board of Directors | Current |
| Imperial Bank Limited | Director of Imperial Bancorp | Former |
| Organization | Position | Status |
|---|---|---|
| Imperial Credit Industries, Inc. | Director | Current |
| Organization | Position | Status |
|---|---|---|
| Imperial Credit Industries, Inc. | Director | Current |
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