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Exhibit 10.20
 
Director Fee Arrangements

Fees for the non-employee directors of ITLA Capital Corporation (the “Company”)
for 2006 will continue to be $1,000 per Board or board committee meeting
attended, plus a monthly retainer of $2,250. In addition, Preston Martin, the
Chairman of the Audit Committee, will receive an annual retainer of $15,000 for
his service in that capacity. At the discretion of the Compensation Committee of
the Company’s Board of Directors, individual directors may also receive
honorariums for additional work performed on behalf of the Company. The
honorariums paid to directors for 2005 were as follows: (i) an honorarium of
$5,000 to Director Robert Reed for his active assistance with legislative
matters; (ii) an honorarium of $5,000 to Director Jeffrey Lipscomb for his
active assistance with compensation matters; and (iii) an honorarium of $15,000
to Director Hirotaka Oribe for his extensive work with the Executive Committee.