-----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, EQ0GiXtGbH38ZTfboCMTdHo31yG+o9h9VZorW1Z03K2nHUxFJ/Yfh5nJOBUbPP4P b0uLTOByQ9sKFUgP6nvGEw== 0000944209-99-001433.txt : 19990902 0000944209-99-001433.hdr.sgml : 19990902 ACCESSION NUMBER: 0000944209-99-001433 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19990831 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19990901 FILER: 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: 8-K SEC ACT: SEC FILE NUMBER: 001-08196 FILM NUMBER: 99704157 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 8-K 1 FORM 8-K CW&T FORM 8/31/99 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________ FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities and Exchange Act of 1934 _______________________________ Date of Report: August 31, 1999 IMPERIAL BANCORP - -------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) CALIFORNIA 0-7722 95-2575576 - ---------------------------- ------------------------ ---------------------- (State or other jurisdiction (Commission File Number) (IRS Employer of incorporation) Identification Number) 9920 S. La Cienega Blvd. Inglewood, CA 90301 - -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (310) 417-5600 Item 1. Not Applicable. Item 2. Acquisition or Disposition of Assets The Coroporation's subsidiary, Imperial Bank, has sold all its remaining 5,258,570 shares of Imperial Credit Industries, Inc. in a sale as set forth in the attached press release. The sale was settled on August 6, 1999 Items 3-6. Not Applicable. Item 7. Financial Statements and Exhibits. --------------------------------- Financial statements will be filed by amendment within 60 days (99) Press release, dated July 27, 1999, issued by the Corporation. -2- SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. IMPERIAL BANCORP By Richard M. Baker --------------------------------- Name: Richard M. Baker Title: Senior Vice President, General Counsel and Secretary Date: August 31, 1999 -3- EXHIBIT INDEX Exhibit No. Description - ----------- ----------- (99) Press release, dated July 27, 1999, issued by the Corporation. -4- EX-99 2 PRESS RELEASE DATED JULY 27, 1999 EXHIBIT 99 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 businesses, Imperial 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 Inquires Ann Abajian Robert Galea Public Relations Director Senior Vice President Public Relations Firm: Kaiser McEu Imperial Bank: Marketing / Public Relations 310.479.8999 310.338.6111 Address: Imperial Bank Executive Offices PO Box 92991 Los Angeles, California 90009-2991 800.957.8483 -----END PRIVACY-ENHANCED MESSAGE-----