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Exhibit 10.9    
    

 
  Employment Agreement    
    

        THIS AGREEMENT dated as of August 15, 2007, between Bank of Manhattan, N.A. (the
"Bank") and Kevin Campbell ("Executive"). 

 
 

W I T N E S S E T H    
    

        WHEREAS, the Bank is a proposed national banking association; 

        WHEREAS, the Bank desires to avail itself of the skill, knowledge and experience of Executive in order to insure the successful management
of its business; 

        WHEREAS, the parties hereto desire to specify the terms controlling Executive's employment by the Bank; 

        NOW, THEREFORE, in consideration of the mutual covenants hereinafter set forth, and intending to be legally bound, it is agreed that the
following terms and conditions shall apply to Executive's said employment: 

A.    TERM OF EMPLOYMENT

        The
term of this Agreement ("Term") shall commence on the date the Bank opens for business (the "Effective
Date") and end three (3) years thereafter, subject, however, to prior termination of this Agreement as hereinafter provided. Where used herein, "Term" shall refer to the
entire period of employment of Executive by the Bank hereunder, whether for the period provided above, or whether terminated earlier as hereinafter provided. 

B.    DUTIES OF EXECUTIVE

        1.     Duties.    Executive shall perform the duties of Executive Vice President and of the Bank, subject, at all
times, to the powers vested by law in the Board of Directors (the "Board") and the Bank's shareholders. Executive shall report directly to the President
and Chief Executive Officer of the Bank. During the Term, Executive shall perform the services herein contemplated to be performed by Executive faithfully, diligently and to the best of Executive's
ability, consistent with the highest and best standards of the banking industry and in compliance with all applicable laws and the Bank's Articles of Association, Bylaws and internal written policies. 

        2.     Conflicts of Interest.    Except as permitted by the prior written consent of the Board, Executive shall devote
Executive's entire productive time, ability and attention to the business of the Bank during the Term and Executive shall not directly or indirectly render any services of a business, commercial or
professional nature, to any other person, firm or corporation, whether for compensation or otherwise, which are in conflict with the Bank's interests. Notwithstanding the foregoing, Executive may make
investments of a passive nature in any business or venture, provided that such business or venture is not in competition, directly or indirectly, in any manner with the Bank. 

C.    COMPENSATION

        1.     Salary.    For Executive's services hereunder, the Bank shall pay or cause to be paid as annual base salary (the
"Base Salary") to Executive not less than One Hundred Sixty Five Thousand Dollars ($165,000) for the first year of the Term, with annual increases in
the discretion of the Board or the Bank's Compensation Committee. Base Salary shall be payable in equal installments in conformity with the Bank's normal payroll period. 

        2.     Bonuses.    Any bonuses shall be as determined by the Board, in its sole discretion. 

D.    EXECUTIVE BENEFITS

        1.     Vacation.    Executive shall be entitled to vacation during each year of the Term consistent with the Bank's
approved vacation schedule and policy, which shall provide Executive with not less than four (4) weeks vacation for each year of the Term. Executive is encouraged to use all accrued vacation
benefits and will be expected to take vacation in the year it is earned. Accrual of any unused vacation shall be determined in accordance with the Bank's Personnel Policy as in effect from time to
time and shall be subject to any limitations set forth therein. 

        2.     Group Medical and Other Insurance Benefits.    The Bank shall provide for Executive, at the Bank's expense,
group medical and other insurance benefits in accordance with the Bank's Personnel Policy as in effect from time to time. All coverage under this paragraph shall be in existence or shall take effect
as of the Effective Date hereof. The Bank's liability to Executive for any breach of this paragraph shall be limited to the amount of premiums required hereunder to be payable by the Bank to obtain or
maintain, as applicable, the coverage contemplated herein. 

        3.     Stock Option.    The Bank will cause its holding company, Manhattan Bancorp
("Bancorp") to grant to Executive not later than the Effective Date an option to purchase a number of shares of the Bancorp's authorized but unissued
Common Stock equal to one and one-half percent (1.5%) of the amount of shares of Bancorp's Common Stock issued and outstanding immediately prior to the Effective Date, at the fair market
value of the stock on the date of grant which shall equal the price at which such shares were sold by Bancorp prior to the Effective Date. The Bank and Executive agree that such option shall be for a
term of ten (10) years and shall vest in three installments of 33.33% per year over a period of three (3) years, with the first such installment to vest one year from the date of grant,
and with subsequent installments vesting two and three years thereafter. The Bank and Executive also agree that, to the maximum extent permitted by law, the option will qualify as an "incentive stock
option" within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended. Such stock option will be granted to Executive, pursuant to Bancorp's Stock Option Plan (the
"Plan") and an agreement between Bancorp and Executive containing the terms set forth herein and all other terms as specified in the form Stock Option
Agreement approved by the Board of Directors of Bancorp in connection with its adoption of the Plan. 

        4.     Auto Allowance.    During the Term, Executive shall be entitled to receive One Thousand Dollars ($1,000) per
month as a car allowance. 

E.    REIMBURSEMENT FOR BUSINESS EXPENSES

        Executive
shall be entitled to reimbursement by the Bank for any ordinary and necessary business expenses incurred by Executive in the performance of Executive's duties in accordance
with the Bank's reimbursement policies in effect from time to time, provided that each such expenditure is of a nature qualifying it as a proper deduction on the federal and state income tax returns
of the Bank as a business expense and not as deductible compensation to Executive; and Executive furnishes to the Bank adequate records and other documentary evidence required by federal and state
statutes and regulations issued by the appropriate taxing authorities for the substantiation of such expenditures as deductible business expenses of the Bank and not as deductible compensation to
Executive. 

F.     TERMINATION

        1.     Termination for Cause.    The Bank may terminate this Agreement at any time by action of the Board for cause
("Cause"). For purposes of this Agreement termination for "Cause" shall mean termination because of Executive's personal dishonesty, incompetence,
willful misconduct, any breach of fiduciary duty involving personal profit, intentional failure to perform stated duties, willful violation of any law, rule or regulation (other than traffic
violations or similar offenses) or final cease-and-desist order or material breach of any provision of this Agreement. For purposes of this Agreement, no act, or the failure to
act, on Executive's part shall be considered "willful" unless done, or omitted to be done, not in good faith and without reasonable belief that the action or omission was in the best interests of the
Bank. Termination under this Paragraph shall not prejudice any remedy that the Bank may have at law, in equity, or under this Agreement. 

        2.     Death or Disability.    In the event of Executive's death or if Executive is found to be physically or mentally
disabled (as hereinafter defined) by the Board in good faith, this Agreement shall terminate without any further liability or obligation by the Bank to Executive. For purposes of this Agreement only,
physical or mental disability shall be defined as Executive having been unable to fully perform under this Agreement for a continuous period of ninety (90) days or a cumulative period of
one-hundred eighty (180) days in any calendar year, or, if applicable, such other periods as may be defined in the Bank's Personnel Policy or in applicable disability insurance
policies as in effect from time to time. If there should be a dispute between the Bank and Executive as to Executive's physical or mental disability for purposes of this Agreement, the question shall
be settled by the opinion of an impartial reputable physician or psychiatrist agreed upon by the parties or their representatives, or if the parties cannot agree within ten (10) days after a
request for designation of such party, then by a physician or psychiatrist designated by the Los Angeles County Medical Association. The certification of such physician or psychiatrist as to the
question in dispute shall be final and binding upon the parties hereto. The Bank shall bear the costs of such physician or psychiatrist selected to determine such matter. 

        3.     Supervisory Matters.    If Executive is suspended and/or temporarily prohibited from participating in the
conduct of the Bank's affairs by notice served under Section 8(e)(3) or 8(g)(1) of the Federal Deposit Insurance Act (12 U.S.C. Section 1818(e)(3) and (g)(1)), the Bank's obligations
under this Agreement shall be suspended as of the date of service, unless stayed by appropriate proceedings. If the charges in the notice are dismissed, the Bank may in its discretion: (i) pay
Executive all or part of the compensation withheld while its obligations under this Agreement were suspended; and (ii) reinstate (in whole or in part) any of its obligations which were
suspended. If Executive is removed and/or permanently prohibited from participating in the conduct of the Bank's affairs by an order issued under Section 8(e)(3) or i(g)(1) of the Federal
Deposit Insurance Act (12 U.S.C. Section 1818(e)(3) or (g)(1)), all obligations of the Bank under this Agreement shall terminate as of the effective date of the order, but vested rights of the
parties shall not be affected. If the Bank is in default (as defined in Section 3(x)(1) of the Federal Deposit Insurance Act (12 U.S.C. Section 1813(x)(1)), all obligations under this
Agreement shall terminate as of the date of default, but vested rights of the parties shall not be affected. All obligations under this Agreement shall be terminated, except to the extent that it is
determined that continuation of the Agreement is necessary for the continued operation of the Bank; (i) by the Federal Deposit Insurance Corporation at the time that the Federal Deposit
Insurance Corporation enters into an agreement to provide assistance to or on behalf of the Bank under the authority contained in Section 11 of the Federal Deposit Insurance Act (12 U.S.C.
Section 1821); or (ii) by the Federal Deposit Insurance Corporation or the United States Comptroller of the Currency or his or her designee, at the time that the Federal Deposit
Insurance Corporation or the United States Comptroller of the Currency or his or her designee approves a supervisory merger to resolve problems related to the operation of the Bank or when the Bank is
in an unsafe or unsound condition. All rights of the parties that have already vested, however, shall not be affected by such action. 

        4.     Termination by Bank Without Cause.    Notwithstanding anything to the contrary contained herein, it is agreed by
the parties hereto that the Bank may at any time without Cause and for any reason immediately terminate this Agreement and Executive's employment by the Bank by action of the Board. Upon such
termination by the Bank all benefits provided by the Bank hereunder to Executive shall thereupon cease, except as provided in this Subparagraph, and Executive shall be deemed to have resigned as a
director, officer and employee of the Bank and any corporation, partnership, venture, limited liability company or other entity controlled by, controlling or under common control with the Bank.
Notwithstanding the foregoing, it is agreed that in the event of such termination without Cause by the Bank upon the delivery to the Bank by the Executive of a waiver and release in substantially the
form of Attachment "A" to this Agreement, and Executive's compliance with the terms thereof, Executive
shall be entitled to, upon the effective date of termination, payment of a lump sum equivalent to six (6) months' base salary as such base salary is in effect on the date of termination of
employment, plus continuation of Executive's medical benefits for a period of six (6) months following such termination, with Bank continuing to pay Executive's share of premiums and associated
costs as if Executive continued to be employed with the Bank; provided, however, that the Bank's obligation to provide such coverage shall be terminated
if the Executive is eligible to receive comparable substitute coverage from another employer at any time during such six-month period. Executive agrees to advise the Bank immediately if
such comparable substitute coverage is available from another employer. The Executive shall be entitled at the expiration of the six-month period, to elect to continue coverage under the
Bank's medical benefit plans pursuant to the terms of COBRA. Notwithstanding any provision to the contrary in this Subparagraph F.4, no severance benefits shall be payable to Executive hereunder if
Executive's employment is terminated for any of the reasons delineated in Subparagraphs F.1, F.2 or F.3 hereof or while grounds for termination under such Subparagraphs exist. 

G.    GENERAL PROVISIONS

        1.     Trade Secrets.    During the Term, Executive will have access to and become acquainted with what Executive and
the Bank acknowledge are trade secrets, to wit, knowledge or data concerning the Bank, including its operations and methods of doing business, and the identity of customers of the Bank, including
knowledge of their financial condition and their financial needs. Executive shall not disclose any of the aforesaid trade secrets, directly or indirectly, or use them in any way either during the Term
or thereafter, except as required in the course of Executive's employment with the Bank. 

        2.     Indemnification.    To the extent permitted by law, applicable statutes and the Bylaws or resolutions of the
Bank in effect from time to time, the Bank shall indemnify Executive against liability or loss arising out of Executive's actual or asserted misfeasance or non-feasance in the performance
of Executive's duties or out of any actual or asserted wrongful act against, or by, the Bank including but not limited to judgments, fines, settlements and legal and other expenses incurred in the
defense of actions, proceedings and appeals therefrom. However, the Bank shall have no duty to indemnify Executive with respect to any claim, issue or matter as to which Executive has been adjudged to
be liable to the Bank in the performance of his duties, unless and only to the extent that the court in which such action was brought shall determine upon application that, in view of all of the
circumstances of the case, Executive is fairly and reasonably entitled to indemnification for the expenses which such court shall determine. The Bank shall endeavor to apply for and obtain Directors
and Officers Liability Insurance to indemnify and insure the Bank and Executive from and against the aforesaid liabilities. The provisions of this paragraph shall apply to the estate, executor,
administrator, heirs, legatees or devisees of Executive. The obligations of the Bank under this Subparagraph G.2 shall continue through and after the Term of this Agreement. 

        3.     Return of Documents.    Executive expressly agrees that all manuals, documents, files, reports, studies,
instruments or other materials used and/or developed by Executive during the Term are solely the property of the Bank, and that Executive has no right, title or interest therein. Upon termination of
this Agreement, Executive or Executive's representative shall promptly deliver possession of all of said property to the Bank in good condition. 

        4.     Non-solicitation.    During the Term and for a period of one year thereafter, Executive shall not,
directly or indirectly, engage or participate in the solicitation or any attempt to solicit employees of the Bank to work for any person, firm or business. 

        5.     Controlling Law.    This Agreement is to be governed by and construed in accordance with the laws of the United
States and, to the extent not inconsistent therewith, the laws of the State of California. 

        6.     Invalid Provisions.    Should any provision of this Agreement for any reason be declared invalid, void, or
unenforceable by a court of competent jurisdiction, the validity and binding effect of any remaining portion shall not be affected, and the remaining portions of this Agreement shall remain in full
force and effect as if this Agreement had been executed with said provision eliminated. 

        7.     Entire Agreement.    This Agreement contains the entire agreement of the parties. It supersedes any and all
other agreements, either oral or in writing, between the parties hereto with respect to the employment of Executive by the Bank. Each party to this Agreement acknowledges that no representations,
inducements, promises, or agreements, oral or otherwise, have been made by any party, or anyone acting on behalf of any party, which are not embodied herein, and that no other agreement, statement, or
promise not contained in this Agreement shall be valid or binding. This Agreement may not be modified or amended by oral agreement, but only by an agreement in writing signed by both the Bank and
Executive. 

        8.     Notice.    For the purposes of this Agreement, notices, demands and all other communications provided for in
this Agreement shall be in writing and shall be personally delivered or (unless otherwise specified) mailed by United States mail, or sent by facsimile, provided that the facsimile cover sheet
contains a notation of the date and time of transmission, and shall be deemed received: (i) if personally delivered, upon the date of delivery to the address of the person to receive such
notice, (ii) if mailed in accordance with the provisions of this Subparagraph G.8, three (3) business days after the date placed in the United States mail, or (iii) if given by
facsimile, when sent. Notices shall be addressed to the Bank at its main office and to Executive at the address then maintained by the Bank in its records for Executive, or to such other respective
addresses as the parties hereto shall designate to the other by like notice. 

        9.     Arbitration.    Any dispute or controversy arising under or in connection with this Agreement, the inception or
termination of the Executive's employment, or any alleged discrimination or statutory or tort claim related to such employment, including issues raised regarding the Agreement's formation,
interpretation or breach, shall be settled exclusively by binding arbitration in Los Angeles, California in accordance with the National Rules for the Resolution of Employment Disputes of the American
Arbitration Association ("AAA"). Without limiting the foregoing, the following potential claims by the Executive could be subject to arbitration under
the Arbitration Agreement: claims for wages or other compensation due; claims for breach of any contract or covenant (express or implied) under which the Executive believes he would be entitled to
compensation or benefits; tort claims related to such employment; claims for discrimination and harassment (including, but not limited to, race, sex, religion, national origin, age, marital status or
medical condition, disability, sexual orientation, or any other characteristic protected by federal, state or local law); claims for benefits (except where an employee benefit or pension plan
specifies that its claims procedure shall culminate in an arbitration or other procedure different from this one); and claims for violation of any public policy, federal, state or other governmental
law, statute, regulation or ordinance. The arbitration will be conducted in Los Angeles County. The arbitration shall provide for written discovery and depositions adequate to give the parties access
to documents and witnesses that are essential to the dispute. The arbitrator shall have no authority to add to or to modify this Agreement, shall apply all applicable law, and shall have no lesser and
no greater remedial authority than would a court of law resolving the same claim or controversy. The arbitrator shall issue a written decision that includes the essential findings and conclusions upon
which the decision is based, which shall be signed and dated. Executive and the Bank shall each bear his or its own costs and attorneys' fees incurred in conducting the arbitration and, except in such
disputes where Executive assets a claim otherwise under a state or federal statute prohibiting discrimination in employment ("a Statutory Claim"), or
unless required otherwise by applicable law, shall split equally the fees and administrative costs charged by the arbitrator and AAA. In disputes where Executive asserts a Statutory Claim against the
Bank, Executive shall be required to pay only the AAA filing fee to the extent such filing fee does not exceed the fee to file a complaint in state or federal court. Executive shall pay the
balance of the arbitrator's fees and administrative costs. Judgment may be entered on the arbitrator's award in any court having jurisdiction. 

        IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year first above written. 

	 	 	BANK OF MANHATTAN, N.A.
	

/s/  KEVIN CAMPBELL      
 Kevin Campbell
 ("Executive")	
 	
By:	

/s/  JEFFREY M. WATSON      
 Name: Jeffrey M. Watson

Title: President & Chief Executive Officer

 
 

WAIVER AND RELEASE AGREEMENT    
    

        This Waiver and Release Agreement (the "Waiver Agreement") is entered into by and between Kevin Campbell
("Employee") and Bank of Manhattan, N.A. on its behalf and on behalf of its parents, subsidiaries, affiliates and
successors-in-interest (collectively, the "Bank"). 

 
 

RECITALS    
    

	A.
	Employee
and the Bank have entered into an Employment Agreement dated as of August 15, 2007 (the "Agreement").

	B.
	A
condition precedent to certain of Bank's obligations under the Agreement is the execution of this Waiver Agreement. 

        NOW,
THEREFORE, in consideration of the foregoing premises and the mutual covenants herein contained, and for other good and valuable consideration, the receipt and adequacy of which are
hereby acknowledged, the parties, intending to be legally bound, agree and covenant as follows: 

 
 

RELEASE    
    

        In consideration for the payment of severance and other compensation under the Agreement, Employee agrees unconditionally and forever to release and discharge the
Bank its parents, subsidiaries, affiliates, successors-in-interest, and their respective officers, directors, managers, employees, members, shareholders, representatives,
attorneys, agents and assigns from any and all claims, actions, causes of action, demands, rights or damages of any kind or nature which Employee may now have, or ever have, whether known or unknown,
that arise out of or in any way relate to Employee's employment with, or separation from, the Bank on or before the date of execution of this Waiver Agreement. Employee also confirms his resignation
as a director, officer and employee of the Bank and any corporation, partnership, venture, limited liability company or other entity controlled by, controlling or under common control with the Bank. 

        This
release specifically includes, but is not limited to, any claims for discrimination and/or violation of any statutes, rules, regulations or ordinances, whether federal, state or
local, including, but not limited to, Title VII of the Civil Rights Act of 1964, as amended, age claims under the Age Discrimination in Employment Act of 1967, as amended by the Older Workers Benefits
Protection Act of 1990, the Employee Retirement Income Security Act of 1974, as amended, the California Fair Employment and Housing Act, the California Labor Code, the Equal Pay Act, the Americans
With Disabilities Act, the Rehabilitation Act of 1973, the Racketeer Influenced and Corrupt Organizations Act, the Financial Reform Recovery and Enforcement Act of 1989, and/or Section 1981 of
Title 42 of the United State Code. 

        Employee
further agrees knowingly to waive the provisions and protections of Section 1542 of the California Civil Code, which reads: 

A
general release does not extend to claims which the creditor does not know or suspect to exist in his favor at the time of executing the release, which, if known by him, must have materially
affected his settlement with the debtor. 

 
 

REPRESENTATIONS OF EMPLOYEE    
    

        Employee represents and agrees that, prior to the execution of this Waiver Agreement, Employee has had the opportunity to discuss the terms of this Waiver
Agreement with legal counsel of Employee's choosing. 

        Employee
affirms that no promise or inducement was made to cause Employee to enter into this Waiver Agreement other than the inducements provided in the Agreement. Employee further
confirms that Employee has not relied upon any other statement or representation by anyone other than what is in this Waiver Agreement as a basis for Employee's agreement. 

 
 

MISCELLANEOUS    
    

        Except for the Agreement and any other employee benefit plans expressly referred to in the Agreement as continuing following Employee's termination of employment
with the Bank, this Waiver Agreement sets forth the entire agreement between Employee and the Bank, and shall be binding on both party's heirs, representatives and successors. This Waiver Agreement
shall be construed under the laws of the State of California, both procedurally and substantively. If any portion of this Waiver Agreement is found to be illegal or unenforceable, such action shall
not affect the validity or enforceability of the remaining paragraphs or subparagraphs of this Waiver Agreement. 

        Employee
acknowledges that Employee has been advised that Employee has twenty-one (21) days to consider this Waiver Agreement, and that Employee was informed that
Employee has the right to consult with counsel regarding this Waiver Agreement. To the extent Employee has taken less than twenty-one (21) days to consider this Waiver Agreement,
Employee acknowledges that Employee has had sufficient time to consider the Waiver Agreement and to consult with counsel, and that Employee does not desire additional time. 

        This
Waiver Agreement is revocable by Employee for a period of seven (7) days following Employee's execution of this Waiver Agreement. The revocation by Employee of this Waiver
Agreement must be in writing, must specifically revoke this Waiver Agreement and must be received by the Bank prior to the eighth (8th) day following the execution of this Waiver Agreement by
Employee. This Waiver Agreement becomes effective, enforceable and irrevocable on the eighth (8th) day following Employee's execution of the Waiver Agreement. No payment will
be made to the undersigned until such date.

        The
undersigned agree to the terms of this Waiver Agreement and voluntarily enters into it with the intent to be bound hereby. 

	Dated:	 	
 Kevin Campbell
	

 	
 	
BANK OF MANHATTAN, N.A.
	

Dated:	
 	

By:	

 	

 
	 	 	 	

	 	 	 	Name:

Title:	Jeffrey M. Watson
 President & Chief Executive Officer

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Exhibit 10.9

Employment Agreement

W I T N E S S E T H

WAIVER AND RELEASE AGREEMENT

RECITALS

RELEASE

REPRESENTATIONS OF EMPLOYEE

MISCELLANEOUSQuickLinks
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Exhibit 10.10    
    

 
 

SELECTED DEALER AGREEMENT
  
    Manhattan Bancorp
  Up to 3,000,000 Shares of Common Stock    
    

June
25, 2007 

Mr.
Michael Natzic

Stone & Youngberg LLC

42605 Moonridge

Big Bear Lake, CA 92315 

Dear
Mr. Natzie: 

	1.
	Manhattan
Bancorp (the "Company") is the issuer named in that certain Prospectus dated April 19, 2007 (the "Prospectus"), relating to the above shares, in which the Company is
offering for sale an aggregate of up to 3,000,000 shares of common stock (the "Common Stock") of the Company. The Common Stock and the terms under which it is to be offered for sale are more
particularly described in the Prospectus.

	2.
	The
Common Stock is to be offered to investors at the $10.00 price per share set forth on the cover page of the Prospectus (the "Public Offering Price"), in accordance with the terms
of offering thereof set forth in the Prospectus.

	3.
	The
Company has engaged Seapower Carpenter Capital, Inc. dba Carpenter & Company (the "Financial Advisor") to provide assistance with marketing of the Common Stock offered
pursuant to the Prospectus, and will compensate the Financial Advisor as described in the Prospectus for its services.

	4.
	The
Company is offering, subject to the terms and conditions hereof, a portion of the Common Stock to certain dealers who are actually engaged in the investment banking or securities
business and who are members in good standing of the National Association of Securities Dealers, Inc. (the "NASD") (such dealers who shall agree to sell an allotment of shares of Common Stock
hereunder being herein called "Selected Dealers"), for sale by them to investors at the Offering Price. The Company will pay the Selected Dealers a sales and placement fee equal to five percent (5%)
of the gross proceeds of the offering proceeds derived from accepted subscriptions for the Common Stock placed by a Selected Dealer (the "Placement Fee"). By their execution and return of the enclosed
copy of this letter, the Selected Dealers agree to comply with the provisions of Sections 2400 and 2700 of the NASD Manual Conduct Rules in connection with the sale of their allotments.

	5.
	The
Company shall have full authority to take such action as it may deem advisable in respect of all matters pertaining to the public offering of the Common Stock.

	6.
	If
you desire to participate in the offering, please advise our Financial Advisor promptly by telephone, facsimile or electronic mail at their offices at Seapower Carpenter Capital,
Inc. dba Carpenter & Company 5 Park Plaza, Suite 950, Irvine, California, 92614-8527, Attention: Robert Sjogren, Telephone (949) 261-8888, (Facsimile (949) 260-1353, Electronic Mail
rsjogren@carpentercompany.com). The Company reserves the right to reject requests for allotments of shares of Common Stock, and subscriptions submitted by or on behalf of
customers of the Selected Dealers, in whole or in part, to make allotments and to close the subscription books at any time without notice. The Common Stock allotted to you will be confirmed, subject
to the terms and conditions of this Agreement, and may be reduced, in the Company's sole and exclusive discretion. The Company has and retains the right, as described in the Prospectus, to accept or
reject any subscriptions request in its sole and exclusive discretion. 

	7.
	The
privilege of receiving an allotment of the Common Stock is extended only if you may lawfully sell the Common Stock in your state or other jurisdiction.

	8.
	(a)    Any
shares of the Common Stock purchased by you under the terms of this Agreement may be immediately reoffered to the public in accordance with the terms of offering
thereof set forth herein and in the Prospectus, subject to the securities or blue sky laws of the various states or other jurisdictions. 

(b)    You
agree to advise the Company (with a copy to the Financial Advisor) from time to time, upon request, of the number of shares of the Common Stock from your allotment for which at
the time of such request your customers have not submitted subscription applications. The Company has the right to notify you that it has cancelled your allotment to the extent of any shares you have
advised the Company remain unsubscribed, whereupon you agree to immediately cease any attempts to sell such shares of Common Stock. 

(c)    No
expenses shall be charged to Selected Dealers. A single transfer tax, if payable, upon the sale of the shares of Common Stock by you will be paid by you when such shares of Common
Stock are delivered to your customers. However, you shall pay any transfer tax on sales of shares of Common Stock by you and you shall pay your proportionate share of any transfer tax (other than the
single transfer tax described above) in the event that any such tax shall from time to time be assessed against you and other Selected Dealers as a group or otherwise. The Company will not pay or
reimburse any costs incurred by a Selected Dealer. 

	9.
	Sections
8(a) and (b) hereof will terminate when the Company shall have determined that the public offering of the Common Stock has been completed and upon electronic mail, facsimile
or other written notice to you of such termination, but, if not theretofore terminated, they will terminate at the close of business on August 15, 2007 or such earlier date as the Company may
elect; provided, however, that the Company shall have the right to extend such provisions as provided in the Prospectus upon notice to you.

	10.
	(a)    On
becoming a Selected Dealer, and in offering and selling the Common Stock, you agree to comply with all the applicable requirements of the Securities Act of 1933,
as amended (the "Securities Act"), and the Exchange Act. You confirm that you are familiar with Rule 15c2-8 under the Exchange Act relating to the distribution of preliminary and final prospectuses
for securities of an issuer (whether or not the issuer is subject to the reporting requirements of Section 13(a) or 15(d) of the Exchange Act) and confirm that you have complied and will comply
therewith. 

(b)    The
Company hereby confirms that it will make available to you such number of copies of the Prospectus (as amended or supplemented) as you may reasonably request for the purposes
contemplated by the Securities Act or the Exchange Act, or the rules and regulations thereunder. 

	11.
	Upon
request, you will be informed as to the states and other jurisdictions under the respective securities or blue sky laws of which the Company has been advised that the Common
Stock is qualified for sale or is exempt from such qualification, but neither the Company nor the Financial Advisor assume any obligation or responsibility as to the right of any Selected Dealer to
solicit sales of the Common Stock in any state or other jurisdiction or as to the eligibility of the Common Stock for sale therein.

	12.
	No
Selected Dealer is authorized to act as the Company's agent or otherwise to act on behalf of the Company in offering or selling the Common Stock to investors or to furnish any
information or make any representation except as contained in the Prospectus. 

	
13.
	Nothing
 herein shall create any partnership or joint venture between the Company, the Financial Advisor, or any Selected Dealer, but you will be responsible for your share, based
upon fees collected as a percentage of total fees paid in connection with said offering, of any liability or expense based on any claim to the contrary. The Company shall not have any liability for or
in respect of the value of the Common Stock or the validity or form thereof, or for or in respect of the delivery of the Common Stock, or for the performance by anyone of any agreements on its part,
or for the qualification of the Common Stock for sale under the laws of any jurisdiction or its exemption from such qualification, or for or in respect of any other matter relating to this Agreement,
except for lack of good faith and for obligations expressly assumed by the Company in this Agreement, and no obligations on the Company's part shall be implied herefrom. The foregoing provisions shall
not be deemed a waiver of any liability imposed under the Securities Act or the Exchange Act.

	14.
	You
will cause to be transmitted to the Company's escrow holder subscription applications executed by your customers, together with full payment from each customer for the shares
being purchased as described in the Prospectus. Promptly after closing of the offering, a) the Bank will issue and deliver certificates for the shares purchased by your customers directly to the
customers at the addresses furnished in the subscription applications; and b) the Bank will pay you the above-mentioned sales and placement fee by check delivered by U.S. mail. As described in the
Prospectus, the Bank shall have the opportunity to review and approve or reject, in whole of in part, each subscription.

	15.
	Notices
to the Company should be addressed and mailed or delivered to its offices at 2221 East Rosecrans, El Segundo, CA 90245, with a copy to the Financial Advisor as set
forth in Section 6, above. Notices to you shall be deemed to have been duly given if mailed, emailed, sent by facsimile transmission or otherwise delivered to you to the address or phone number
indicated below on the executed copy of this Selected Dealer Agreement.

	16.
	This
Selected Dealer Agreement shall be governed by and construed in accordance with the laws of the State of California, without giving effect to the choice of law or conflicts of
laws principles thereof.

	17,
	If
you desire to participate in the offering, please formally confirm your request by completing, signing and returning to the Company the enclosed copy of this Selected Dealer
Agreement, even though you may have previously advised the Company of your request by other means, as provided in Section 16, above. The Company's signature hereon may be by facsimile. 

Very
truly yours, 

Manhattan Bancorp

	

By:	
 	

/s/  JEFFREY WATSON      
	
 	

 
	Its:	 	Jeffrey Watson
 President and CEO	 	 

Selected Dealer Agreement—Allotment Confirmation  

        We the undersigned hereby notify Manhattan Bancorp (the "Company") that we intend to sell up to 515,000 shares of common stock of the Company (the "Common Stock")
in accordance with the terms and conditions stated in the foregoing Selected Dealer Agreement dated June 25, 2007, (the "Selected Dealer Agreement"). We hereby acknowledge receipt of the
Prospectus referred to in the first paragraph thereof relating to the Common Stock. We further state that in requesting an allotment of shares of the Common Stock we have relied upon such Prospectus
and upon no other statement whatsoever, whether written or oral, of the Company or Seapower Carpenter Capital, Inc. or any of their affiliates or advisors. We represent and confirm that (i) we are a
dealer actually engaged in the investment Companying or securities business and that we are registered as a broker-dealer under the Securities Exchange Act of 1934, as amended (the "Exchange Act") and
a member in good standing of the National Association of Securities Dealers, Inc. (the "NASD"), and agree to maintain the effectiveness of such registration and membership throughout the term of the
Selected Dealer Agreement, (ii) we will make offers of the Common Stock only in those jurisdictions where such offers may lawfully be made, (iii) in offering and selling the Common Stock, we will
comply with all applicable laws and regulations of the United States and the several states and other jurisdictions therein, including the Securities Act of 1933, as amended, and the Exchange Act, and
the rules and regulations of any self-regulatory organizations or national securities exchanges, including the NASD, of which we are a member, (iv) we are familiar with Rule 15c2-4 under the
Exchange Act and confirm that we have complied with and will comply with such rules, (v) we will deliver a copy of the Prospectus to each prospective investor, and will not give any information or
make any statements or representations in connection with the offer or sale of the Common Stock not contained in the Prospectus or other authorized sales material furnished to us by the Company, and
(vi) acceptance of the compensation provided for by the Selected Dealer Agreement will constitute a representation that we have complied with all the terms and conditions contained herein and therein. 

Very
truly yours, 

Stone
& Youngberg, LLC 

	

By:	

/s/  WILLIAM EVANS      
	
 	

 
	Dated:	August 16, 2007	 	 
	Address:	One Ferry Building, Suite 275

San Francisco, CA 94111	 	 
	Telephone:	4154452334	 	 
	Electronic mail:	wevans@svlle.com	 	 
	Facsimile:	4152682990	 	 

QuickLinks

Exhibit 10.10

SELECTED DEALER AGREEMENT Manhattan Bancorp Up to 3,000,000 Shares of Common Stock

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