Imperial Capital Bank, La Jolla, Calif., is opening a flagship branch in downtown San Diego and expanding its Imperial Capital Express division into Phoenix, Atlanta, and Austin, Texas.The San Diego branch will provide commercial and multifamily real estate loans to downtown San Diego businesses and area residents. ICB, a subsidiary of ITLA Capital, is closing down another San Diego branch in January 2004, the bank said. The new ICB offices are expected to expand the marketing of the company's loan products across the "sunbelt states," including Arizona, New Mexico, Texas, the Carolinas, Georgia, and Florida. The division specializes in multifamily real estate loans up to $2 million and started its operations in Santa Monica, Calif., in April 2002.
