Subprime lender First Alliance Corp. last week laid the foundation for an independent credit card venture when it agreed to acquire a small California thrift.

The Irvine, Calif., consumer finance company agreed to pay $10 million to $11 million in cash for Standard Pacific Savings, Newport Beach, a subsidiary of home builder Standard Pacific Corp. The agreement calls for final value to be $575,000 in excess of stockholder equity at the time of closing.

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