ITLA Capital Corporation Announces an Increase in Quarterly Cash Dividend
07 Februar 2007 - 12:14AM
PR Newswire (US)
LA JOLLA, Calif., Feb. 6 /PRNewswire-FirstCall/ -- ITLA Capital
Corporation (NYSE:IMP) announced today that its Board of Directors
has approved an increase in its 2007 regular quarterly cash
dividend from $0.15 per share to $0.16 per share. President and
Chief Executive Officer George W. Haligowski stated: "I'm proud to
announce that we'll be continuing our dividend program in 2007 with
an increase in the quarterly disbursement. Last year we commenced
the program and successfully distributed $3.2 million of dividends.
Along with our stock repurchase plan, this program is an additional
opportunity to provide value by returning profits directly to our
shareholders and allowing them to share in the Company's financial
success." "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 2007 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 23 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: ITLA Capital Corporation CONTACT: Timothy M.
Doyle, Executive Managing Director, CFO of ITLA Capital
Corporation, +1-858-551-0511
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