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IMPERIAL BANK PROPOSES TO OFFER 2,000,000 SHARES OF COMMON STOCK OF IMPERIAL CREDIT INDUSTRIES INC.

 LOS ANGELES, Dec. 3 /PRNewswire/ -- Imperial Bancorp (NASDAQ: IBAN), the parent company of Imperial Bank and Imperial Bank Credit Industries Inc. (NASDAQ: ICII) (the "company"), reported today that the company intends to file registration statement with the Securities and Exchange Commission for the sale by the bank of 2,000,000 shares of Imperial Credit Industries Inc. The shares will be offered on a "best efforts" basis and the offering will be made only by means of a prospectus.
 -0- 12/3/93
 /CONTACT: Karen Montandon, Investor Relations, Imperial Credit Industries, 714-438-2195; or David A. Sklar, executive VP and CFO, Imperial Bancorp, 310-417-5775/
 (IBAN,ICII)


CO: Imperial Bancorp; Imperial Bank; Imperial Credit Industries Inc. ST: California IN: FIN SU: OFR

NY-MF -- LA039 -- 0452 12/03/93 18:39 EST
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Publication:PR Newswire
Date:Dec 3, 1993
Words:129
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