**Exhibit
      10.19**





Named
      Executive Officer Salary, Bonus and Perquisite Arrangements for
      2006





Set
      forth
      below is a description of certain compensation arrangements for 2006 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 Maria P. Kunac,
      Senior Managing Director and Chief Lending Officer.





*Base
      Salaries*





Effective
      January 1, 2006, the base salaries of the named executive officers were set
      as
      follows:


Name
              Base
                  SalaryGeorge
                  W. Haligowski
              $590,000(1)Norval
                  L. Bruce
              248,200Timothy
                  M. Doyle
              247,500Lyle
                  C. Lodwick
              210,000Maria
                  P. Kunac
              195,000


______________


(1)  Mr.
      Haligowski’s base salary was not changed from 2005.





*2006
      Executive Bonus Plan*





Under
      the
      Company’s 2006 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 2006, with Mr. Haligowski providing
      recommendations for the bonus amounts for the named executive officers other
      than himself. The maximum bonus for Mr. Haligowski was set at 150% of his base
      salary, and the maximum bonuses for the other named executive officers were
      set
      at 50% of base salary, provided that Mr. Haligowski may recommend to the
      Compensation Committee that Ms. Kunac’s bonus be increased to 55% of her base
      compensation.





*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 and repairs), 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
                  AllowanceChief
                  Executive Officer
              $98,750
              $2,600Vice
                  Chairman, UnitPresident
                  or Executive/Senior
                  Managing Director
              $62,000
              $1,600Managing
                  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 2006.