Imperial Bank said it has sold off its remaining stake in Imperial Credit Industries Inc., a high-risk consumer lending unit in Torrance, Calif.

Imperial, which sold its 5.3 million shares at $6 each, said late Tuesday that the transaction would cause a pretax loss of about $2.8 million in the third quarter. Imperial Credit-partially spun off from the bank in 1992-lost $73.6 million in 1998, hurting the bank's earnings.

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