ITLA Capital Corporation Announces Changes in Executive Management Team
2005年8月10日 - 6:48AM
PRニュース・ワイアー (英語)
LA JOLLA, Calif., Aug. 9 /PRNewswire-FirstCall/ -- ITLA Capital
Corporation (NASDAQ:ITLA) today announced the hiring of Lyle C.
Lodwick as Executive Managing Director and Chief Operating Officer.
Mr. Lodwick has 28 years of industry experience and joins ITLA
after a distinguished 19 year career with Pacific Crest Bank, where
he served as Executive Vice President and Chief Credit Officer.
During his tenure at Pacific Crest Bank, his responsibilities
included operational oversight of their commercial real estate
lending division, loan servicing and underwriting department,
retail banking, specialized assets, information systems,
compliance, and corporate administration. Most recently, Mr.
Lodwick served as Executive Vice President and Chief Operating
Officer at Sunwest Bank. Mr. Lodwick will be based at our corporate
headquarters in La Jolla, California. The Company also announced
today the promotion of Timothy M. Doyle as Executive Managing
Director and Chief Financial Officer. Mr. Doyle's existing
responsibilities will be expanded to include oversight of
additional banking operations. Mr. Doyle has been with the Company
since 1996 and has previously served on the Company's management
team as Senior Managing Director, Chief Financial Officer and
Managing Director, Chief Administration Officer. President and
Chief Executive Officer George W. Haligowski stated "We are excited
by today's announcement regarding the addition of Lyle to our
executive team and the promotion of Tim Doyle to Executive Managing
Director. Lyle's extensive experience in the industry will greatly
contribute to the success of our strategic initiatives and
operations. Tim's leadership and service with the Company has made
him a critical component of the Company's management team and I
expect him to provide outstanding leadership and continuity for the
Company in his new position. I look forward to working closely with
both on the Company's initiatives." Separately, the Company also
announced the departure of Don Nickbarg, Senior Managing Director
and Chief Banking Officer. Haligowski commented that, "Don has
resigned to pursue personal interests. We thank him for his
dedication and contributions during his past seven years with the
Company, and wish him success in his future endeavors." "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 small balance
multi-family 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 nonperforming assets, 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 2005 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,
California, and conducts its operations through Imperial Capital
Bank and Imperial Capital Real Estate Investment Trust. Imperial
Capital Bank has seven retail branch locations and 24 loan
production 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 and Chief
Financial Officer of ITLA Capital Corporation, +1-858-551-0511
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