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Acquires The Lewis Horwitz Organization

LA JOLLA, Calif., October 25, 2002 -- ITLA Capital Corporation (NASDAQ:ITLA), announced today that it has acquired the operating assets and loan portfolio of The Lewis Horwitz Organization ("LHO") from Imperial Credit Industries, Inc. and its wholly owned subsidiary, Southern Pacific Bank, for approximately $100 million in cash or 1.01 times tangible book value. LHO is an internationally recognized lender to the independent film and television production industry. The transaction was approved by the California Department of Financial Institutions. Lewis P. Horwitz will continue as head of LHO. LHO will operate as a division of Imperial Capital Bank, ITLA's banking subsidiary.

President and Chief Executive Officer George W. Haligowski stated: "LHO is a proven niche secured lending operation that fits well with our business diversification strategies. We have confidence that Lew Horwitz and his team will successfully integrate into the ITLA organization and make immediate contributions to our profitability. We are also excited about the retail banking opportunities we may have with LHO's client base."

LHO was established by founder Lewis P. Horwitz 22 years ago. Over 500 films have been financed with total financing provided exceeding $1 billion. Films financed by LHO include Cookie's Fortune, Fear Dot Com, Ali and My Big Fat Greek Wedding. In addition, LHO was instrumental in the formation and structuring of the U.S. Export-Import Bank Film Production Loan Guarantee Program under which program banks receive payment guarantees covering foreign distribution contracts. Typically LHO provides financing on a senior secured basis, with a completion bond fully securing the loan during the production phase and worldwide distribution rights securing repayment thereafter.

Lewis P. Horwitz stated: "We are excited by this opportunity. ITLA and Imperial Capital Bank will provide solid management, operational and financial resources to support the growth we envision for our business."

ITLA Capital Corporation is the largest financial services company headquartered in San Diego, California, and conducts its operations through its primary operating subsidiaries, Imperial Capital Bank and the Imperial Capital Real Estate Investment Trust. Imperial Capital Bank has six branches located in California, (San Francisco, Encino, Beverly Hills, Glendale, Costa Mesa and Del Mar).

"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, the economic impact of the terrorist attacks on September 11, 2001, and the U.S. response to these attacks, 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, including levels of non-performing assets, fluctuations in interest rates, and changes in the relative differences between short and long term interest rates, and operating results 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 2002 and beyond to differ materially from those expressed in any forward looking statements by, or on behalf of, the Company.

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Reports Earnings for the Second Quarter

LA JOLLA, Calif., July 31, 2002 -- ITLA Capital Corporation (NASDAQ:ITLA) today reported net income for the second quarter of 2002, primarily resulting from the operations of its wholly-owned subsidiaries, Imperial Capital Bank (Imperial or the Bank) and Imperial Capital Real Estate Investment Trust (the REIT) of $4.8 million or $0.75 per diluted share compared with net income of $4.7 million or $0.69 per diluted share for the second quarter of 2001, an increase of $0.06 per diluted share. President and Chief Executive Officer George W. Haligowski stated that: "We are extremely pleased with the Company's consistent profitability despite very challenging market and economic conditions. Our ability to achieve these results should make the Company a very attractive opportunity for investors, given the current turmoil being experienced in the equity markets."

Net interest income increased 20.5 percent to $17.5 million in the second quarter of 2002, compared to $14.5 million for the same period in 2001. The increase was due primarily to the improvement in net interest spread for both the Bank and the REIT. During the current quarter, the Bank's net interest spread continued to improve as a result of its liabilities repricing to a lower interest rate more rapidly than its assets. The Bank's commercial real estate loan portfolio is primarily comprised of adjustable rate mortgages with interest rate floors, below which the loans' contractual interest rate may not adjust. Most of these loans are already at their floor, and are no longer subject to downward adjustment. The net interest spread of the REIT improved due to its liabilities repricing to a lower interest rate slightly faster than its assets, increasing net interest income despite a reduction in the average balance of the REIT's loan portfolio. The Bank's loan production was $127.2 million for the quarter ended June 30, 2002, compared to $118.1 million for the same period last year. During the current quarter, the Bank originated and/or acquired $121.2 million of commercial loans and $6.0 million of franchise loans. The Bank's loan production for the same period last year consisted of $99.4 million of originated and/or acquired commercial loans, $16.2 million of acquired franchise loans and $2.5 million of acquired residential loans. Haligowski commented: "Our core retail loan production team has been able to execute through a very competitive market environment driven by current interest rates at forty-year lows. In addition, with the uncertainty regarding the current economic recovery, real estate investors in the markets we serve have been cautious, resulting in a decline in attractive financing opportunities, further tightening competition for these loans. We have been unwilling to compromise our pricing and credit standards to achieve irresponsible asset growth."

The provision for loan losses was $2.1 million for the second quarter of 2002 as compared to $0.5 million for the same period in the prior year. The current period provision was recorded to provide for reserves adequate to absorb the known and inherent risks of loss in the loan portfolio and for the valuation of certain nonperforming loans and other loans of concern as of June 30, 2002. In addition, general and administrative expenses increased to $6.3 million in the current quarter, compared to $5.8 million in the previous year. The increase was primarily attributable to certain infrastructure costs relating to the Bank's charter conversion activities including core processing system conversion costs and additions to the information technology and savings operations staff. The Company's efficiency ratio (defined as recurring general and administrative expenses as a percentage of net revenues) was 35.9 percent in the second quarter of 2002, as compared to 39.2 percent for the same period in 2001.

Net income for the six months ended June 30, 2002 increased to $9.5 million or $1.49 per diluted share, compared to $9.4 million or $1.36 per diluted share for the same period last year, an increase of 9.6 percent in earnings per diluted share. Net interest income increased 21.0 percent to $34.0 million for the six months ended June 30, 2002, compared to $28.1 million for the same period last year. The increase was due primarily to the improvement in net interest spread for both the Bank and the REIT. The Bank's net interest spread improved from the prior year as a result of its liabilities repricing to lower current market interest rates while most of its commercial loan portfolio is no longer subject to downward pricing adjustment due to floor interest rates. The net interest spread of the REIT improved due to its liabilities repricing to a lower interest rate slightly faster than its assets, increasing net interest income despite a reduction in the average balance of the REIT's loan portfolio.

The provision for loan losses was $3.4 million for the six months ended June 30, 2002, compared to $1.0 million for the same period last year. The current year provision for loan losses was recorded to provide for reserves adequate to absorb the known and inherent risks of loss in the loan portfolio and for the valuation of certain nonperforming loans and other loans of concern as of June 30, 2002. General and administrative expenses increased to $12.6 million for the six months ended June 30, 2002, compared to $10.9 million for the same period last year. The increase was primarily attributable to additions made to the Bank's retail and wholesale loan origination sales and operations staff and certain infrastructure costs relating to its charter conversion activities including core processing system conversion costs and additions to the information technology and savings operations staff. The Company's efficiency ratio was 36.9 percent for the six months ended June 30, 2002, compared to 38.0 percent for the same period last year.

Loan production was $229.9 million for the six months ended June 30, 2002, compared to $247.4 million for the same period last year. During the current six-month period, the Bank originated and/or acquired $223.9 million of commercial loans, including $36.8 million of loans acquired from Asahi Bank of California and $6.0 million of franchise loans. Loan production for the same period last year consisted of $200.1 million of originated and/or acquired commercial loans, $29.5 million of acquired franchise loans and $17.8 million of acquired residential loans.

Total assets decreased $67.4 million to $1.44 billion at June 30, 2002, as compared to $1.51 billion at December 31, 2001. The decrease in total assets during the first six months of the year was due primarily to a $32.4 million decrease in cash and cash equivalents, a $25.3 million decrease in the Bank's loan portfolio, a $19.8 million decrease in the REIT's portfolio of loans held in trust, partially offset by a $9.5 million increase in investment securities available for sale. The decrease in the loan portfolio was primarily due to the sale of substantially the entire residential loan portfolio through the securitization and whole loan sale of $86.3 million and $17.6 million of single-family mortgages, respectively, in March 2002. The disposition of the residential loan portfolio was partially offset by approximately $78.6 million of net growth in the commercial loan portfolio during the six month period ended June 30, 2002.

At June 30, 2002, nonperforming assets totaled $19.0 million, or 1.3 percent of total assets, as compared to $29.0 million, or 1.9 percent of total assets at December 31, 2001. The allowance for loan loss coverage ratio (defined as the allowance for loan losses divided by non-accrual loans) was 337.0 percent at June 30, 2002, as compared 174.3 percent at December 31, 2001.

The allowance for loan losses as a percentage of loans held for investment increased to 2.3 percent as of June 30, 2002, from 2.0 percent as of December 31, 2001. During the quarter ended June 30, 2002, the Company had net loan charge-offs of $1.2 million compared to $0.9 million for the same period last year.

At June 30, 2002, shareholders' equity totaled $146.1 million or 10.14 percent of total assets. The Company continued to repurchase shares of its common stock in the open market during the second quarter of 2002. During the second quarter of 2002, the Company repurchased 17,700 shares of common stock at an average price of $28.93 per share. For the six months ending June 30, 2002, the Company repurchased 79,100 shares of common stock at an average price of $24.16 per share. Since beginning share repurchases in April of 1997, the Company has repurchased a total of 2,152,319 shares or approximately 26 percent of the outstanding shares of common stock, returning approximately $35.4 million of capital to its shareholders at an average price of $16.45 per share. Through our stock repurchase program, 100 percent of the Company's secondary public offering, which raised $22.6 million in April of 1996 has been retired. In addition, we have returned to our shareholders approximately 85 percent of the excess proceeds, over the original purchase price paid for the Bank, which was retained by the Company from its initial public offering completed in October 1995. The Company's book value per share of common stock was $25.23 per share as of June 30, 2002, an increase of 7.2 percent from $23.54 per share as of December 31, 2001 and an increase of 16.1 percent from $21.74 per share as of June 30, 2001.

The Bank had Tier I and Total Risk-Based capital ratios at June 30, 2002 of 10.6 percent and 11.9 percent, respectively, which represented $22.2 million of Risk-Based capital in excess of the amount required to be "well capitalized".

On July 9, 2002 the Company was added to the Russell 3000 index, which annually ranks the largest stocks in the U.S. equity markets according to market capitalization, and to the Russell 2000 index, a small-cap subset of the Russell 3000. According to a news release issued by Frank Russell Company, passive investment in funds based on Russell indexes surged to approximately $214 billion in 2001. The Company was one of 404 companies added to the Russell 3000, effective July 1, 2002, as part of Russell's yearly reconstitution process.

Haligowski concluded: "The recent performance in our stock price is indicative of the favorable response our current shareholders have had regarding our bank charter conversion strategy. Through the six-month period ended June 30, 2002, our share price has increased 41.7 percent, while the NASDAQ composite index has declined 24.9 percent. With the Company's recent addition to the Russell 3000, our stock should attract potential new investors that follow the Russell indexes. We remain committed to growing our Company prudently and providing enhanced value to our shareholders."

Management expects earnings per diluted common share for the third quarter of 2002 to be within the current range of analysts' projections.

"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, the economic impact of the terrorist attacks on September 11, 2001, and the U.S. response to these attacks, 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, including levels of non-performing assets, fluctuations in interest rates, and changes in the relative differences between short and long term interest rates, and operating results 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 2002 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 County, California, and conducts its operations through its primary operating subsidiaries, Imperial Capital Bank and the Imperial Capital Real Estate Investment Trust. Imperial Capital Bank has six branches located in California, (San Francisco, Encino, Beverly Hills, Glendale, Costa Mesa and Del Mar).

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Reports Sixth Consecutive Year of Record Earnings
For the Year Ended December 31, 2001

LA JOLLA, Calif., February 12, 2002-- ITLA Capital Corporation (NASDAQ:ITLA) today reported net income for the fourth quarter of 2001, primarily resulting from the operations of its wholly-owned subsidiaries, Imperial Capital Bank (Imperial or the Bank) and Imperial Capital Real Estate Investment Trust (the REIT) of $4.7 million or $.74 per diluted share compared to $4.7 million or $.66 per diluted share for the fourth quarter of 2000, an increase of 12.1 percent. President and Chief Executive Officer George W. Haligowski stated that: "During the fourth quarter of 2001, the Company again reported solid earnings and consistent asset growth, while continuing to be affected by the recessionary economy and volatile interest rate environment. We were pleased to see improvement in the Bank's net interest spread, as our liabilities repriced to current market rates, and are proud to have made these achievements without compromising our fundamental business practices of focusing on credit quality and disciplined deployment of capital resources to achieve operating results."

Net interest income increased to $16.7 million in the fourth quarter of 2001, compared to $14.3 million for the same period in 2000. The increase was due primarily to the improvement in net interest spread for both the Bank and the REIT. During the current quarter, the Bank's net interest spread increased primarily as a result of its liabilities repricing more rapidly than its assets as the loan portfolio reached floor interest rates. The net interest spread of the REIT improved due to its liabilities repricing slightly faster than its assets, increasing net interest income despite a reduction in the average balance of the REIT's loan portfolio. The Bank's loan production was $116.4 million and $176.8 million for the fourth quarter ended December 31, 2001 and December 31, 2000, respectively. The current quarter loan production consisted entirely of originated and/or acquired commercial loans. Loan production for the same period last year consisted of $153.2 million of originated and/or acquired commercial loans, $5.9 million of acquired franchise loans and $17.7 million of acquired residential loans. Haligowski commented: "The decline in fourth quarter loan production from the previous year is indicative of the impact the events of September 11, 2001 had on economic conditions and our business, despite interest rates at historic forty-year lows. We have been unwilling to offset spread compression and recessionary economic conditions through irresponsible asset growth. Despite these adverse conditions, our fourth quarter loan production still allowed the Company to achieve record annual production in 2001."

The provision for loan losses was $2.1 million for the fourth quarter of 2001 as compared to $1.5 million for the same period in the prior year. The current period provision reflects management's goal of maintaining adequate credit loss reserves for the loan portfolio as of December 31, 2001. In addition, general and administrative expenses increased to $6.2 million in the current quarter, compared to $5.3 million for the same period in the previous year. The increase was primarily attributable to additions made to the Bank's retail and wholesale loan origination sales staff. The Company's efficiency ratio (defined as recurring general and administrative expenses as a percentage of net revenue) was 36.8 percent in the fourth quarter of 2001 as compared to 36.0 percent for the same period in 2000.

Net income for the year ended December 31, 2001 increased to $18.2 million or $2.72 per diluted share, compared to $18.1 million or $2.51 per diluted share for the prior year, an increase of 8.4 percent. Haligowski commented: "Achieving our sixth consecutive year of record profitability demonstrates our Company's ability to perform through declining economic conditions and a volatile interest rate environment. Since becoming a public company, our total assets and earnings have increased by over 150 percent and 350 percent, respectively."

Net interest income increased to $59.2 million for the year ended December 31, 2001, compared to $55.1 million for the prior year, an increase of 7.4 percent, despite the 425 basis point decline in interest rates imposed by the Federal Reserve Bank since the beginning of the year. The increase in net interest income was primarily attributable to the improvement in net interest spread realized by the REIT due to its liability sensitive position as its liabilities repriced slightly faster than its assets during the year. The net interest income of the Bank increased marginally as the interest income attributable to the growth in the average balance of its loan portfolio was offset by the spread compression experienced due to the general market decline in interest rates during the year.

The provision for loan losses was $4.6 million for the year ended December 31, 2001, compared to $4.8 million for the same period last year. General and administrative expenses increased to $22.8 million for the year ended December 31, 2001, compared to $22.1 million for the same period in the previous year. The increase was attributable to compensation and benefits expense associated with additions made to the Bank's retail and wholesale sales staff during the year, partially offset by the $1.4 million nonrecurring charge relating to the consolidation of the Bank's headquarters with the Company's headquarters in La Jolla, California during the prior year. The Company's efficiency ratio was 37.9 percent for the current year, as compared to 35.9 percent for the same period last year.

Loan production was $502.1 million for the year ended December 31, 2001, compared to $403.4 million for the same period last year, which excluded the commercial loans by the REIT. During the current year the Bank originated and/or acquired $418.3 million of commercial loans, $53.3 million of acquired franchise loans and $30.5 million of acquired residential loans. Loan production during the same period last year, consisted of $318.5 million of originated and/or acquired commercial loans, $5.9 million of acquired franchise loans and $79.0 million of acquired residential loans.

Total assets increased $93.2 million to $1.51 billion at December 31, 2001 from the year ended December 31, 2000. The increase in total assets was due primarily to a $76.4 million increase in the Bank's loan portfolio and a $63.3 million increase in cash and cash equivalents, partially offset by a $16.9 million decrease in investment securities available for sale and a $49.6 million decrease in the REIT's portfolio of loans held in trust. The increase in cash and cash equivalents was primarily attributable to the anticipated cash requirements to close the Company's acquisition of Asahi Bank of California, which closed on January 31, 2002. At December 31, 2001, nonperforming assets totaled $29.0 million or 1.9 percent of total assets as compared to $20.4 million or 1.4 percent as of December 31, 2000. The allowance for loan loss coverage ratio (defined as the allowance for loan losses divided by non-accrual loans) at December 31, 2001, was 174.3 percent as compared to 149.8 percent at December 31, 2000.

The allowance for loan losses as a percentage of the Company's total loans decreased slightly to 2.0 percent as of December 31, 2001, from 2.1 percent as of December 31, 2000, while the Bank maintained 2.2 percent and 2.1 percent ratios as of December 31, 2001 and December 31, 2000, respectively. During the year ended December 31, 2001, the Company had net loan charge-offs of $5.1 million compared to $2.1 million for the same period last year. The current period charge-offs represent the adjustment to current market value of three loans originated for the commercial mortgage backed securitization market by the Company's former mortgage banking subsidiary, ITLA Funding Corporation, in 1998. The Bank retained these loans when the secondary market for this product type collapsed due to the currency crisis experienced in October 1998. Management believes that the allowance for loan losses as of December 31, 2001 was adequate to absorb the known and inherent risks of loss in the portfolio at that date.

At December 31, 2001, shareholders' equity totaled $137.9 million or 9.1 percent of total assets. The Company continued to repurchase shares of its common stock in the open market during the fourth quarter of 2001. During the fourth quarter, the Company repurchased 85,700 shares of common stock at an average price of $18.87 per share. For the twelve months ending December 31, 2001, the Company repurchased 809,700 shares of common stock at an average price of $18.21 per share. Since beginning share repurchases in April of 1997, the Company has repurchased a total of 2,073,219 shares or approximately 25.3 percent of the outstanding shares of common stock, returning approximately $33.5 million of capital to its shareholders at an average price of $16.14 per share. Through our stock repurchase program, 100 percent of the Company's secondary public offering, which raised $22.6 million in April of 1996 has been retired along with returning to our shareholders approximately 70 percent of the proceeds retained by the Company from its initial public offering completed in October 1995. The Company's book value per share of common stock was $23.54 as of December 31, 2001, an increase of $3.49 or 17.4 percent from $20.05 per share as of December 31, 2000. The Company announced the seventh extension of its stock repurchase program on December 21, 2001 and expects to continue repurchasing shares of its common stock in the open market during 2002.

The Bank had Tier I and Total Risk-Based capital ratios at December 31, 2001, of 10.7 percent and 12.0 percent respectively, which represented $20.5 million of capital in excess of the amount required to be "well capitalized" for regulatory purposes.

Haligowski concluded: "We are extremely proud of our performance throughout all disciplines of the Company. Our year-to-date diluted earnings per share and book value per share have grown 8.4 percent and 17.4 percent, respectively. In addition, our stock price reached a new 52 week high of $21.05 on December 28, 2001, and closed the year at $20.96 on December 31, 2001, an increase of 9.6 percent for the year, while the NASDAQ composite index decreased 21.1 percent during the same period."

"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, fluctuations in interest rates and operating results 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 2002 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 County, California, and conducts its operations through its primary operating subsidiaries, Imperial Capital Bank and the Imperial Capital Real Estate Investment Trust. Imperial Capital Bank has six branches located in California, (San Francisco, Encino, Beverly Hills, Glendale, Costa Mesa and Del Mar).

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Acquires Asahi Bank of California

LA JOLLA, Calif., February 6, 2002 -- ITLA Capital Corporation (Nasdaq: ITLA - news), (``the Company'') announced today that the Company and its wholly-owned subsidiary, Imperial Capital Bank (``Imperial'' or the ``Bank'') completed its acquisition of Asahi Bank of California (``Asahi Bank'') a wholly-owned subsidiary of Asahi Bank Ltd - Japan (``ABLJ''), for approximately $14.9 million, or 1.2 times book value, on January 31, 2002. The acquisition, which was structured as a statutory merger of Asahi Bank into Imperial, was approved by the FDIC and the Department of Financial Institutions. President and Chief Executive Officer George W. Haligowski stated that: ``We are extremely pleased to consummate the acquisition of Asahi Bank. This acquisition is consistent with our strategy of converting Imperial's charter through the acquisition of a scalable commercial and retail banking platform.''

The transaction is the initial step in the Company's strategic plan to convert its charter from a California industrial bank to a commercial bank charter. The merger of Asahi Bank into Imperial has allowed the Company to acquire an operating platform and systems which are scalable to accommodate the conversion of Imperial's savings branch operations to commercial and retail platforms. The Company expects to convert its bank charter in the next 60 days, subject to regulatory approval and implement an integration and conversion plan to convert its systems and six savings branches into retail commercial bank branches over the next 12 months.

Asahi Bank is a California State chartered, FDIC insured bank founded in 1978 as a wholly-owned subsidiary of ABLJ. Asahi Bank is primarily a business bank, whose customers are mostly businesses in the Los Angeles basin and offers customary business-related checking and savings accounts, time deposits and money market accounts. As of January 31, 2002, Asahi Bank had total assets of approximately $50 million, including $35 million of commercial real estate and business loans and $15 million of cash and securities which were acquired by Imperial at the closing of the transaction. ABLJ is a $251 billion Japanese and international financial services organization focused on Japanese retail banking activities.

Haligowski concluded: ``The complexities of completing an international finance transaction with a Japanese financial institution present many challenges to domestic U.S. companies. The completion of the Asahi acquisition and our acquisition of Imperial in 1995, demonstrates our ability to acquire Japanese owned banks and we look forward to pursuing similar acquisitions in the future.''

``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, fluctuations in interest rate and operating results 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 undertake and specifically disclaims any obligations, 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 2001 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 County, California, and conducts its operations through its primary operating subsidiaries, Imperial Capital Bank and Imperial Capital Real Estate Investment Trust. Imperial Capital Bank has six branches located in California, (San Francisco, Encino, Beverly Hills, Glendale, Costa Mesa and Del Mar).

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