Imperial Forms Thrift for Small Businesses
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Los Angeles-based Imperial Bancorp has formed a thrift and loan association called Crown American Bank to provide financing for small businesses.
Imperial’s entire small-business lending division, including its Preferred Lender Program license from the Small Business Administration, will be transferred to the new entity, which will be headquartered in Los Angeles and operate out of regional branches in El Segundo, Inglewood, Encino, Costa Mesa and Riverside.
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