-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, RUFLa+izVXtUxstASKrpScE8mkfkUGNpqoIqdk08wbMleJrZg2YOPUJWUj6KrXS9 CNBcYQ8k4plr3tznPama1Q== 0000914121-99-000811.txt : 19990906 0000914121-99-000811.hdr.sgml : 19990906 ACCESSION NUMBER: 0000914121-99-000811 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 19990903 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: IMPERIAL CREDIT INDUSTRIES INC CENTRAL INDEX KEY: 0000883811 STANDARD INDUSTRIAL CLASSIFICATION: MORTGAGE BANKERS & LOAN CORRESPONDENTS [6162] IRS NUMBER: 954054791 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-44141 FILM NUMBER: 99706484 BUSINESS ADDRESS: STREET 1: 23550 HAWTHORNE BLVD STREET 2: STE 110 CITY: TORRANCE STATE: CA ZIP: 90505 BUSINESS PHONE: 3103731704 MAIL ADDRESS: STREET 1: 23550 HAWTHORNE BLVD STREET 2: BUILDING ONE SUITE 110 CITY: TORRANCE STATE: CA ZIP: 90505 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: IMPERIAL BANCORP CENTRAL INDEX KEY: 0000049899 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 952575576 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 9920 S LA CIENEGA BLVD CITY: INGLEWOOD STATE: CA ZIP: 90301 BUSINESS PHONE: 3104175600 MAIL ADDRESS: STREET 2: PO BOX 92991 CITY: LOS ANGELES STATE: CA ZIP: 90009 SC 13D/A 1 AMENDMENT NO. 3 TO SCHEDULE 13D SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D (RULE 13D-101) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13D-1(A) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13D-2(A) (AMENDMENT NO. 3)* Imperial Credit Industries, Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, no par value - -------------------------------------------------------------------------------- (Title of Class of Securities) 452729106 - -------------------------------------------------------------------------------- (CUSIP Number) Dennis J. Block, Esq., Cadwalader, Wickersham & Taft, 100 Maiden Lane, New York, NY 10038 (212) 504-5555 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) July 28, 1999 - -------------------------------------------------------------------------------- (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), Rule 13d-1(f) or Rule 13d-1(g), check the following box |_|. Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7(b) for other parties to whom copies are to be sent. *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP NO. 452729106. SCHEDULE 13D - -------------------------------------------------------------------------------- CUSIP NO. 452729106 PAGE 2 OF 4 PAGES - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON Imperial Bank S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 95-2247354 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)(A)|_| (B) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS (See Instructions) - -------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_| - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION California - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 0 ----------------------------------------------------- NUMBER OF 8 SHARED VOTING POWER SHARES 0 BENEFICIALLY ----------------------------------------------------- OWNED BY 9 SOLE DISPOSITIVE POWER EACH 0 REPORTING ----------------------------------------------------- PERSON 10 SHARED DISPOSITIVE POWER WITH 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 - -------------------------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0% - ----------- -------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (See Instructions) BK - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- CUSIP NO. 452729106 PAGE 3 OF 4 PAGES - -------------------------------------------------------------------------------- This Amendment No. 3 amends and supplements the Schedule 13D, dated December 17, 1998 (as amended on March 2, 1999 and May 17, 1999, the "Schedule 13D"), filed on behalf of Imperial Bank (the "Reporting Person"), a California banking corporation and wholly owned subsidiary of Imperial Bancorp ("Bancorp"), with respect to the common stock of Imperial Credit Industries, Inc. (the "Issuer"). Except as modified hereby, there has been no change in the information previously reported in the Schedule 13D. ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. On July 28, 1999, in a Press Release filed as an exhibit hereto, the Reporting Person announced the sale of all of its remaining 5,258,570 shares of the Issuer for $6.00 per share. The transaction was arranged through Friedman, Billings, Ramsey Group, Inc., a broker dealer. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS. Press Release, dated July 28, 1999. - -------------------------------------------------------------------------------- CUSIP NO. 452729106 PAGE 4 OF 4 PAGES - -------------------------------------------------------------------------------- SIGNATURE. After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: September 3, 1999 Imperial Bank By: /s/ Richard M. Baker ---------------------------- Richard M. Baker Senior Vice President, General Counsel and Secretary EX-99 2 PRESS RELEASE EXHIBIT July 28, 1999 IMPERIAL BANK ANNOUNCES SALE OF ITS REMAINING SHARES OF IMPERIAL CREDIT INDUSTRIES, INC. LOS ANGELES - CA, 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, Inc. The sale will result in a pretax loss of approximately $2.8 million, which will be reported in the third quarter. Norman P. Creighton, Vice Chairman and Chief Executive Officer of Imperial Bank, stated, "We are pleased that with this sale of 5.3 million shares, the Bank has completed the sale of its entire stake in ICII stock. This transaction improves our ability to focus on the growth of our core commercial banking franchise and its profitability." The Bank announced its intention to sell its shares of ICII in a 13D filing with the Securities and Exchange Commission in December 1998. With over $6 billion in assets, Imperial Bank is one of the leading independent business banks headquartered in California and offers a wide range of financial services tailored to corporate customers, entrepreneurs and professionals. Serving mid-sized business, Immperial Bank's strategy focuses on delivering customized financial products and services to manufacturing, distribution, wholesale, service, import/export, apparel and textile businesses; in addition to some of the fastest growing industries such as emerging technology, entertainment, residential construction, and title and escrow. Founded in 1963 by two California entrepreneurs, Imperial Bank is the principal subsidiary of Imperial Bancorp (NYSE - IMP), with 12 regional banking offices located throughout California; in Phoenix, Arizona; and in Denver, Colorado. In addition, Imperial has emerging growth loan offices in Irvine, Menlo Park and San Diego, California; Boston, Massachusetts; Austin, Texas; Reston, Virginia; and Bellevue, Washington. Imperial can be found on the Web at www.imperialbank.com Press Inquiries Ann Abajian Public Relations Director Public Relations Firm: Kaiser McEuen 310.479.8999 Robert Galea Senior Vice President Imperial Bank: Marketing/Public Relations 310.338.6111 Address: Imperial Bank Executive Offices PO Box 92991 Los Angeles, California 90009-2991 800.957.8483 -----END PRIVACY-ENHANCED MESSAGE-----