Heavy insider selling of Imperial Bancorp stock from June 1 through Aug. 31 suggests that executives at the $2.6 billion-asset Inglewood, Calif., company are skeptical about takeover speculation.

Imperial Bancorp insiders sold more than 1.1 million shares during the period, amid takeover talk that has lifted the stock price 76% year-to- date.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.