LONG BEACH, Calif. (March 24, 2004) - The Grand Prix Association of Long Beach today announced that Imperial Capital Bank has signed on to become Official Bank and Financial Services Provider of the 30th Anniversary Toyota Grand Prix of Long Beach.
In addition, Imperial Capital Bank will be the title sponsor of the Historic Grand Prix race, set to take place Sunday morning, April 18, at approximately 9:45 a.m. The Imperial Capital Bank Historic Grand Prix will feature vintage racecars from all three eras of Long Beach racing - Formula 5000, Formula One and early Champ Cars - competing on the track at the same time. Held in conjunction with the Historic Motor Sports Association (HMSA), the Imperial Capital Bank Historic Grand Prix will hold its qualifying session on Saturday, April 17, at 3 p.m.
Like the Toyota Grand Prix of Long Beach, Imperial Capital Bank is celebrating its 30th anniversary this year. Imperial Capital Bank provides its customers with personal and business banking products and services through its branch locations in California and Nevada. Through its commercial real estate lending division, Imperial Capital Bank fills an important niche in the income property lending area. Imperial Capital Bank also services the business community through its entertainment and franchise lending divisions.
"Our partnership with the Toyota Grand Prix of Long Beach gives Imperial Capital Bank the opportunity to capitalize on one of Southern California's most successful events allowing us to promote our company message to an audience in a unique environment on the variety of banking services available to businesses and consumers," said George W. Haligowski, President CEO and Chairman of the Board of Imperial Capital Bank. "Our respective organizations are rich in heritage and the fact that both are celebrating 30th Anniversaries makes for a logical partnership. The Historic Grand Prix race will showcase the various eras of racecars that competed at the Grand Prix over the years and Imperial Capital Bank is extremely excited and proud of being involved with an activity that is expected to be one of the highlights of the weekend."
Tickets for the April 16-18 Toyota Grand Prix of Long Beach can be ordered via credit card by using the toll-free ticket hotline, (888) 82- SPEED. Tickets can also be purchased on-line at www.longbeachgp.com, in person at the Grand Prix downtown ticket office (430 E. First St.) or at Ticketmaster locations throughout Southern California, including all Robinsons-May, Tower Records and Wherehouse stores.
Ticket prices range from $30 for a Friday/Saturday-only general admission ticket to $110 for a three-day ticket, which includes Saturday and Sunday reserved seating on upper levels of the grandstands. Limited pre- paid parking packages are available and can be purchased when ordering tickets. Handicapped seating, Bosch Champ Car Garage passes, hospitality club packages and super photo tickets are also available for purchase.
For up-to-date ticket information, descriptions of the various club ticket packages, or for announcements of special Grand Prix event activities, visit the official Toyota Grand Prix of Long Beach Web site at www.longbeachgp.com.
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Organized in 1974 as Imperial Thrift and Loan Association, Imperial Capital Bank is celebrating its 30th anniversary in 2004. In 1995, it became a public company when its shares were sold in an initial public offering. The stock trades on the NASDAQ stock exchange under the name of its holding company, ITLA Capital Corporation, with the ticker symbol "ITLA". Headquartered in La Jolla, California, Imperial Capital Bank is the largest financial institution headquartered in San Diego, California. Since becoming a public company, ITLA Capital has posted increasing record profits for eight consecutive years. In 2003, the Company earned $29.6 million, or $4.55 per share. Its stock price has increased to $50.10 at December 31, 2003, a five fold increase over share price at the 1995 initial public offering. For more information on ITLA, go to www.itlacapital.com.
The Toyota Grand Prix of Long Beach is owned and operated by Grand Prix Association of Long Beach, Inc., a subsidiary of Dover Motorsports, Inc. (NYSE: DVD). Dover Motorsports, Inc. is a leading promoter of motorsports events in the United States. Its subsidiaries operate six tracks (four permanent facilities and one temporary circuit) in four states and promote events under the auspices of the sport's four premier sanctioning bodies - NASCAR, Champ Car, IRL and NHRA. The company owns and operates Dover International Speedway in Dover, Del.; Nashville Superspeedway in Nashville, Tenn.; Gateway International Raceway near St. Louis, Mo.; and Memphis Motorsports Park in Memphis, Tenn.