Imperial Corp. to Restructure: Imperial Corp. of...

Imperial Corp. to Restructure: Imperial Corp. of America, the San Diego-based parent of Imperial Savings of California, said it will announce a detailed restructuring plan soon, possibly later this week. The plan is intended to put the savings and loan in compliance with anticipated new capital requirements to be included in the congressional S&L; bailout bill. For the past three years, Imperial has been diversifying into non-traditional S&L; businesses, including “junk bond” investments and loans on mobile homes and automobiles. But in January the company suspended its dividend and halted asset growth at the insistence of regulators.