Imperial Savings could lose $4.1 million.
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The loss would occur if San Diego-based Imperial is unable to complete a repurchase agreement to recover $25.1 million worth of securities that it pledged to Bevill, Bresler & Schulman as part of an $18-million loan it made last October. Under terms of the agreement, New Jersey-based Bevill, Bresler, which has filed for protection under Chapter 11 of the U.S. Bankruptcy Code, has until Monday to return the securities. But Imperial officials believe that the firm no longer controls them.
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