EXHIBIT 21.1     
                         
                      SUBSIDIARIES OF THE REGISTRANT     
   
Southern Pacific Bank, a California corporation.     
   
Imperial Business Credit, Inc., a California corporation.     
   
Imperial Credit Advisors, Inc., a California corporation.     
   
Auto Marketing Network, Inc., a Florida corporation.     
   
Imperial Credit Asset Management Corp., a California corporation.     
   
Imperial Credit Worldwide, Ltd., a California corporation.     
   
Imperial Capital Group, LLC, a Delaware limited liability company.     
   
Each of the aforementioned subsidiaries does business under its respective
name.