IMPERIAL THRIFT & LOAN ASSOCIATION
10-C, 1996-08-06
SAVINGS INSTITUTIONS, NOT FEDERALLY CHARTERED
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Form 10-C

Securities and Exchange Commission
Washington, DC 20549

Report by issuer of securities quoted on The Nasdaq Stock Market,
filed pursuant to Section 13 or 15(d) of the Securities Exchange
Act of 1934 and Rule 13a-17 or 15d-17 thereunder.

Imperial Thrift and Loan Association
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EXACT NAME OF ISSUER AS SPECIFIED IN CHARTER

700 North Central Avenue, Glendale, CA 91203
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ADDRESS OF PRINCIPAL EXECUTIVE OFFICES

(818) 551-0600
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ISSUER'S TELEPHONE NUMBER (INCLUDING AREA CODE)

I.   Change in Number of Shares Outstanding
Indicate any change (increase or decrease) of five percent or
more in the number of shares outstanding:

1.   Title of security     Common Stock
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2.   Number of shares outstanding before the change    5,980,000
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3.   Number of shares outstanding after the change     7,580,000
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4.   Effective date of change                            4-22-96
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5.   Method of change            Public Offering of Common Stock

Specify method (such as merger, acquisition, exchange,
distribution, stock split, reverse split, acquisition of stock
for treasury, etc.)

Give brief description of transaction

1,600,000 shares of common stock were sold in an underwritten public offering.
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II.  Change in Name of Issuer

1.   Name prior to change
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2.   Name after change
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3.   Effective date of charter amendment changing name
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4.   Date of shareholder approval of change, if required
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7/31/96    /s/ Michael L. Mayer, First Vice President, General Counsel
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DATE      OFFICER'S SIGNATURE AND TITLE



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