Imperial Capital Bancorp, Inc. (NYSE: IMP) today announced that its Chairman and Chief Executive Officer, George W. Haligowski, has acquired an additional 42,791 shares of the Company's common stock for a total purchase price in excess of $1.0 million, at an average price of $24.19 per share. The purchases were made on the open market.
"This investment in IMP reflects my long term confidence in the Company, its management and its associates," Mr. Haligowski said.
Mr. Haligowski now beneficially owns an aggregate of 335,711 Imperial Capital Bancorp, Inc. shares, including 97,500 shares underlying stock options that are currently exercisable. The shares were collectively valued at approximately $9.0 million, based on (previous day's) closing share price of $26.69. Mr. Haligowski stated: "I already have a significant personal stake in the Company and I believe that adding another $1.0 million to this stake is the right thing to do." -- Imperial Capital Bancorp, Inc.
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