ITLA Capital Corporation Announces Quarterly Cash Dividend

LA JOLLA, Calif., Dec. 14  /PRNewswire-FirstCall/ -- ITLA Capital Corporation (NASDAQ:ITLA) announced today a quarterly cash dividend of $0.15 per share.  The dividend is payable on January 16, 2007 to stockholders of record as of the close of business on December 29, 2006.

"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 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 a publicly traded diversified bank holding company specializing in commercial real estate lending on a national basis and is headquartered in San Diego, California.  The Company conducts its operations through Imperial Capital Bank and Imperial Capital Real Estate Investment Trust.  Imperial Capital Bank has seven retail branch locations and 21 loan origination 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 [phone]. 

DATASOURCE: ITLA Capital Corporation



CONTACT:  Timothy M. Doyle, Executive Managing Director and Chief

Financial Officer of ITLA Capital Corporation, [phone]



Web site:  http://www.itlacapital.com/ 

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