Imperial Capital Bancorp Inc. in La Jolla, Calif., which must raise $218 million of capital quickly to satisfy regulators, is talking with several potential investors, Joe Kiley, its president and chief executive officer, said in a brief interview Thursday.
"We are making pretty good progress," said Kiley, who had been a consultant before he joined the company Oct. 1. "But are the regulators going to give us enough time should the interest mature? Who knows? I am hopeful that they will exercise patience with us."