IMP Imperial Capital Bcr

LA JOLLA, Calif., Feb. 25 /PRNewswire-FirstCall/ -- Imperial Capital Bancorp, Inc. (NYSE:IMP) today announced that its Chairman and Chief Executive Officer, George W. Haligowski, has acquired an additional 42,791 shares of the Company's common stock for a total purchase price in excess of $1.0 million, at an average price of $24.19 per share. The purchases were made on the open market. "This investment in IMP reflects my long term confidence in the Company, its management and its associates," Mr. Haligowski said. Mr. Haligowski now beneficially owns an aggregate of 335,711 Imperial Capital Bancorp, Inc. shares, including 97,500 shares underlying stock options that are currently exercisable. The shares were collectively valued at approximately $9.0 million, based on (previous day's) closing share price of $26.69. Mr. Haligowski stated: "I already have a significant personal stake in the Company and I believe that adding another $1.0 million to this stake is the right thing to do." 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 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 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 stock price performance. Imperial Capital Bancorp, Inc. (formerly 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 eight retail branch locations and 22 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 (858) 551-0511. DATASOURCE: Imperial Capital Bancorp, Inc. CONTACT: Timothy M. Doyle, Executive Managing Director and Chief Financial Officer of Imperial Capital Bancorp, Inc., +1-858-551-0511 Web site: http://www.itlacapital.com/

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