ITLA Itla Capital

LA JOLLA, Calif., Feb. 7 /PRNewswire-FirstCall/ -- ITLA Capital Corporation (NASDAQ:ITLA) today announced that its wholly-owned subsidiary, Imperial Capital Bank has established its Eastern Area real estate finance headquarters at 7 Times Square in New York City. Southern California based, Imperial Capital Bank, has been expanding its real estate lending platform nationwide over the past two years and chose the prominent New York City location in order to support its east coast lending operations. With its lending platform now dividing the United States into western and eastern areas, the Bank is positioned to continue its growth and exceptional service to its customers nationwide. The Western Area will continue to be operated out of the Bank's La Jolla, California headquarters and Glendale, California lending operations. Maria P. Kunac, Chief Lending Officer and Member of the Office of the Chairman, commented: "We are proud to have established our Eastern Area headquarters in New York City, the recognized financial and real estate finance capital of the world. With senior executive leadership in our New York headquarters, we can assure our customers in the eastern United States the same prompt, high quality service our customers in the western United States have experienced over our three decade history of commercial real estate lending." Imperial Capital Bank fills an important niche in the national income property lending arena. From the construction of new to the rehabilitation of old, from office buildings and shopping centers to mini-storage facilities and multi-family housing, ICB has the expertise to tailor loans to meet its customer's needs. The Bank offers competitive rates with quick turnaround times on loans ranging from $100,000 to $10.0 million. "Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This release contains forward looking statements that are subject to risks and uncertainties, including, but not limited to, changes in economic conditions in the Company's market areas, changes in policies by regulatory agencies, the impact of competitive loan products, loan demand risks, the quality or composition of the loan or investment portfolios, increased costs from pursuing the national expansion of our small balance multi-family lending platform and operational challenges inherent in implementing this expansion strategy, fluctuations in interest rates, and changes in the relative differences between short- and long-term interest rates, levels of non-performing assets and other loans of concern, and operating results, the economic impact of terrorist actions and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission. The Company cautions readers not to place undue reliance on any forward-looking statements. The Company does not undertake and specifically disclaims any obligation to revise any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements. These risks could cause the Company's actual results for 2006 and beyond to differ materially from those expressed in any forward looking statements by, or on behalf of, the Company. ITLA Capital Corporation is the largest financial services company headquartered in San Diego, California, and conducts its operations through Imperial Capital Bank and Imperial Capital Real Estate Investment Trust. Imperial Capital Bank has seven retail branch locations and 27 loan production offices serving the Western United States, the Southeast, the Mid-Atlantic States, the Ohio Valley, the Metro New York area and New England. For additional information, contact Timothy M. Doyle, Executive Managing Director and Chief Financial Officer, at (858) 551-0511. First Call Analyst: FCMN Contact: dsumar@imperialcapitalbank.com DATASOURCE: ITLA Capital Corporation CONTACT: Timothy M. Doyle, Executive Managing Director and Chief Financial Officer of ITLA Capital Corporation, +1-858-551-0511 Web site: http://www.itlacapital.com/ Web site: http://www.imperialcapitalbank.com/

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