IMH Commercial to Change Name to Impac

SANTA ANA HEIGHTS — IMH Commercial Holdings Inc. said it plans to change the company’s name to Impac Commercial Holdings Inc. to distance itself from Imperial Credit Industries, which helped form IMH.

Shareholders of the commercial mortgage company, which went public this year, will vote on the name change at a special meeting Jan. 27 at the company’s headquarters.

Directors also boosted the company’s quarterly dividend to 38 cents a share from 15 cents, payable Jan. 15 to shareholders of record Dec. 31, the company announced.