Imperial Capital Bancorp, Inc. Announces CEO Accumulation of Over 100,000 Common Shares During the First Two Quarters of 2008

LA JOLLA, Calif., May 22  /PRNewswire-FirstCall/ -- Imperial Capital Bancorp, Inc. (NYSE:IMP) today announced that its Chairman and CEO, George W. Haligowski, has acquired an additional 55,100 shares of the Company's common stock, bringing the total number of shares purchased in 2008 to 100,055 (including 4,105 shares related to dividend reinvestments).  This latest acquisition follows Mr. Haligowski's first quarter 2008 purchases of 42,791 shares.  The average price of all 2008 purchases was $16.38.  All purchases were made in the open market.

Mr. Haligowski now beneficially owns an aggregate of 392,975 shares of Imperial Capital Bancorp, Inc. common stock, including 97,500 shares underlying stock options that are currently exercisable.

"This additional investment reflects my continuing confidence in the Company and its opportunities," Mr. Haligowski said.

Mr. Haligowski remains the largest individual, non-institutional, shareholder in the Company.

"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 the loan and other products of the Company's competitors, loan demand risks, the quality or composition of the Company's loan or investment portfolios, increased costs from pursuing the national expansion of the Company's 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, conditions in the commercial and residential real estate markets, levels of non-performing assets and other loans of concern, and operating results, the economic impact of any 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 2008 and beyond to differ materially from those expressed in any forward-looking statements by, or on behalf of, the Company, and could negatively affect the Company's operating and stock price performance.

Imperial Capital Bancorp, Inc. 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 nine retail branch locations and 19 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: Imperial Capital Bancorp, Inc.



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

Financial Officer of Imperial Capital Bancorp, Inc., [phone]



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

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