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Coast Business Credit Founder and Chairman to Retire Dec. 31

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Coast Business Credit announced that its founder, Jack Baruch, will retire as of Dec. 31. Baruch founded Coast 40 years ago and has been its chairman and chief executive. Coast was acquired by Torrance-based Imperial Credit Industries in 1995 and it became a division of Imperial’s Southern Pacific Bank subsidiary. A successor to Baruch was not immediately named.

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