Imperial Savings Assn., a subsidiary of Imperial...

Imperial Savings Assn., a subsidiary of Imperial Corp. of America, has announced its third public offering of securities using a $1-billion shelf registration filed late last year with the Securities & Exchange Commission.

The offering consists of about $140 million of Class A mortgage pass-through securities. Imperial Savings will use the proceeds from the sale of certificates for general corporate purposes, including the origination of additional loans.