Latest News and Press Releases

Third Quarter Highlights Net income for the third quarter of 2022 was $6.4 million, up 44.4% from the prior quarter and 25.7% from the same period in the prior yearDiluted earnings per share for the...

LA JOLLA, Calif., April 28, 2022 (GLOBE NEWSWIRE) -- Private Bancorp of America, Inc. (OTCQX:PBAM) today announced that the Board of Directors has adopted a second stock repurchase program, and...

First Quarter Highlights Net income for the quarter was $6.5 million, up 41.1% from Q1’21Diluted earnings per share of $1.13, up 40.0% from Q1’21Total loans held-for-investment (“HFI”), excluding...

Third Quarter Highlights Net income for the quarter was $5.1 million, compared to $4.3 million for Q2’21Diluted earnings per share of $0.89, compared to $0.75 for Q2’21Net interest margin of 4.39%,...

LA JOLLA, Calif., Aug. 25, 2021 (GLOBE NEWSWIRE) -- Private Bancorp of America, Inc. (OTCQX: PBAM) (“Company”) and CalPrivate Bank (“Bank”) President & CEO Rick Sowers announced today that Mag...

LA JOLLA, Calif., July 22, 2021 (GLOBE NEWSWIRE) -- Private Bancorp of America, Inc. (OTCQX:PBAM) today announced that the Board of Directors has adopted a stock repurchase program, and authorized...

Net income for the quarter was $4.3 million, or $0.75 per diluted shareNet interest margin for the quarter was 4.03% compared with 3.89% in the prior quarter. The net interest margin excluding SBA PPP...

First Quarter Highlights First quarter net income was $4.6 million, or $0.81 per diluted share, up from $4.4 million or $0.78 per diluted share in the prior quarter, and up 141.6% from $1.9 million...

2020 Highlights Record net income of $10.9 million, or $1.94 per diluted shareNet interest margin for the year was 4.15% compared with 4.51% in the prior yearTotal loans were $1.0 billion, up 13.9%...

LA JOLLA, Calif., Nov. 20, 2020 (GLOBE NEWSWIRE) -- Private Bancorp of America, Inc. (OTCQX:PBAM), (“Company”) and CalPrivate Bank (“Bank”) announced today the appointment of Setareh...