Imperial Says It Sees 'Progress' On Capital

Barba, Robert
November 2009
American Banker;11/20/2009, Vol. 174 Issue F315, p4
Trade Publication
The article reports that Imperial Capital Bancorp Inc. needs to raise $218 million of capital soon to satisfy regulators. According to Joe Kiley, president and chief executive officer, the company is talking with several potential investors. Imperial disclosed in a U.S. Securities and Exchange Commission filing that the California Department of Financial Institutions believes Imperial's $4 billion-asset bank unit to be in critical condition and gave it until Dec. 4, 2009 to significantly raise tangible shareholders' equity.


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