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Imperial Capital Bank Review

Established in 1974 and a California Industrial loan bank, Imperial Capital Bank was earlier known as Imperial Thrift and Loan Association. With the sale of its shares in the initial public offering, the bank went public in 1995. The Bank's name was changed to Imperial Capital Bank in 2000. It later changed to a state chartered non – member commercial bank in 2003. The bank deals with the personal and business banking products and services. George W. Haligowski is the Chairman, President & Chief Executive Officer of Imperial Capital Bank.

The various retail branches of the Imperial Capital Bank are located at California, San Francisco, Maryland, Encino, Beverly Hills, Carson City, Baltimore, Glendale, San Diego, Nevada and Costa Mesa. ITLA Capital Corporation is the bank’s parent company.

There are a number of products offered by the Imperial Capital Bank to its customers. These include the savings account, ATMs all over the country, certificates of deposit, checking and money market accounts and 24 hours on line banking and telephone services. There are some other services too provided by the bank like Entertainment Loans and Real Estate loans. These services are taken care by the specialized department. The bank is also offering the deposit products including the checking account which is not permitted by law to the other Industrial Banks.

The four divisions of the Imperial Capital Bank are:
1. ICB Entertainment Finance- This provided the various services to the entertainment industry like banking, advisory and collection, with the skills that cannot be matched in the independent film and television production sectors.
2. The Banking Services Division- This division offers the business banking products and services to consumers through the Imperial Capital Bank's branches.
3. The Commercial Real Estate Lending Division- Ranging generally from $1 million to $20 million, this division originates multifamily and commercial real estate mortgage and construction loans.
4. Imperial Capital Bank's Express Loan Program- This deals with the multifamily and mixed use properties and is the Bank's small balance lending system. It offers the fast, streamlined and cost-effective underwriting and loan closing services. These services are based on standardized loan documentation and underwriting processes from $100,000 to $5 million nationwide.
Thus, Imperial Capital Bank offers various personal and business products to its customers so that they have various options of choosing a product as per their suitability.