Exhibit 10.18


    Exhibit
      10.18

    


    Named
      Executive Officer Salary, Bonus and Perquisite Arrangements for
      2007

    


    Set
      forth
      below is a description of certain compensation arrangements for 2007 for the
      following officers of ITLA Capital Corporation (the “Company”) and Imperial
      Capital Bank, referred to below as the “named executive officers”: George W.
      Haligowski, Chairman of the Board, President and Chief Executive Officer; Norval
      L. Bruce, Vice Chairman of the Board and Chief Credit Officer; Timothy M. Doyle,
      Executive Managing Director and Chief Financial Officer; Lyle C. Lodwick,
      Executive Managing Director and Chief Operating Officer; and Phillip E.
      Lombardi, Senior Managing Director and Chief of Lending Operations.

    


    Base
      Salaries

    


    Effective
      January 1, 2007, the base salaries of the named executive officers were set
      as
      follows:

    


    
      	
              Name 

            	
              Base
                Salary

            
	
              George
                W. Haligowski  

            	
              $590,000(1)

            
	
              Norval
                L. Bruce 

            	
              248,200

            
	
              Timothy
                M. Doyle 

            	
              259,875

            
	
              Lyle
                C. Lodwick 

            	
              247,200

            
	
              Phillip
                E. Lombardi

            	
              185,000

            


    

    ______________

    (1) Mr.
      Haligowski’s base salary was not changed from 2006.

    


    2007
      Executive Bonus Plan

    


    Under
      the
      Company’s 2007 Executive Bonus Plan, the named executive officers are eligible
      for cash bonuses at the discretion of the Compensation Committee of the
      Company’s Board of Directors based on their review of the Company’s performance
      and the individual’s performance in 2007, with Mr. Haligowski providing
      recommendations for the bonus amounts for the named executive officers other
      than himself. The target bonus for Mr. Haligowski was set at 200% of his base
      salary, and the target bonuses for the other named executive officers were
      set
      at 50% of base salary.

    


    Corporate
      Vehicle Program

     

    The
      Company maintains a corporate vehicle program, under which officers at or above
      the First Vice President level are given the choice of the use of a
      Company-purchased vehicle, with the Company covering the purchase cost up to
      a
      specified amount and the costs of operating the vehicle (including insurance,
      gasoline, maintenance, repairs and personal use), or a monthly allowance
      intended to cover the costs of the officer’s operation of his or her own
      vehicle. The maximum Company-covered purchase cost and monthly allowance options
      for the Managing Director level and above are currently as follows:

     

    


    
      	
              Officer
                Level 

            	 	 	
              Max.
                Purchase Cost

            	 	 	
              Monthly
                Allowance

            	 
	
              Chief
                Executive Officer

            	 	
              $

            	
              98,750

            	 	
              $

            	
              2,600

            	 
	
              Vice
                Chairman, Unit President
                or Executive/Senior
                Managing Director 

            	 	
              $

            	
              62,000

            	 	
              $

            	
              1,600

            	 
	
              Managing
                Director 

            	 	
              $

            	
              50,000

            	 	
              $

            	
              1,300

            	 


    

    


    Additional
      Chief Executive Officer Compensation and Benefits

    


    Mr.
      Haligowski receives various other perquisites and other personal benefits,
      including, among other things, the use of up to 35 hours of chartered aircraft
      services during 2007.