ITLA Capital Corp. of La Jolla, Calif., hired Sheryl A. Morehead as president and chief operating officer of its $1 billion-asset Imperial Thrift and Loan Association.

Ms. Morehead was president and CEO of $582 million-asset First Bank of Beverly Hills. Earlier she was president and chief operating officer of First Los Angeles Bank, and still earlier chief credit officer of First Federal Bank in Santa Monica.

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