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Private Bancorp of America, Inc. reports banking-company developments through its subsidiary, CalPrivate Bank. Recurring updates focus on quarterly earnings, core deposit growth, loan production, net interest margin, funding costs, credit portfolio quality, and noninterest income tied in part to SBA loan sales.
Company news also covers CalPrivate Bank’s relationship-focused banking model, Southern California market activity, office expansion in Montecito, technology and operating infrastructure investments, leadership appointments, bank board additions, and capital actions such as share repurchase authorization.
Private Bancorp of America (NASDAQ: PBAM), parent of CalPrivate Bank, announced the appointment of Andra Frazier as the Bank’s new Executive Vice President and Chief Credit Officer. Frazier brings decades of experience at regional and community banks to support CalPrivate’s strategic growth and credit risk management.
According to the company, Frazier will lead a team of seasoned credit professionals and is expected to align closely with the Bank’s credit and risk culture, emphasizing a growth mindset and collaborative approach.
Private Bancorp of America (NASDAQ: PBAM) announced that its Form 10 registration statement has been declared effective by the SEC and that Nasdaq has approved the listing of its common stock on the Nasdaq Global Select Market. The shares are expected to begin trading on July 30, 2026 under the existing ticker PBAM, following more than 13 years on the OTCQX market. According to the company, shareholders do not need to take any action related to the uplisting, which coincides with CalPrivate Bank’s 20th anniversary.
Private Bancorp of America (OTCQX: PBAM) reported second quarter 2026 net income of $13.1 million, up from $12.0 million in Q1 2026 and $10.4 million a year earlier, with diluted EPS of $2.27 and returns of 1.99% on average assets and 18.90% on average tangible common equity.
Net interest income rose to $33.5 million and net interest margin was 5.18%. Core deposits reached $2.33 billion, up 12.6% year over year, while total deposits were $2.38 billion with a 1.63% total deposit cost. Loans held-for-investment were $2.13 billion, slightly lower quarter over quarter, and criticized loans declined to 2.72% of total loans. Nonperforming assets were 1.50% of total assets and bank capital ratios remained above “well-capitalized” levels.
The company filed a Form 10 registration statement to become an SEC reporting company and pursue an uplisting of its common stock to the NASDAQ Global Select Market, targeted for the third quarter of 2026 subject to SEC and NASDAQ approvals. The board also authorized a stock repurchase program of up to $10.0 million, or approximately 2.3% of outstanding shares.
Private Bancorp of America (PBAM), holding company for CalPrivate Bank, appointed Robert Tidd as Executive Vice President and General Counsel effective July 7, 2026.
Tidd brings nearly 20 years of experience in legal, regulatory, privacy, governance, and AI governance for financial institutions.
Private Bancorp of America (OTCQX:PBAM) and CalPrivate Bank announced the resignation of Chief Credit Officer Andrew Meitzen, effective July 3, 2026, with no dispute leading to his departure. Veteran credit executive Robert “Bob” Dyck becomes Acting Chief Credit Officer on July 8, 2026.
The Bank also recently hired Oliver Anderson as Senior Vice President and Senior Credit Administrator in Beverly Hills to support the Los Angeles and Santa Barbara markets and its SBA division, Private Business Capital.
Private Bancorp of America (OTCQX: PBAM) reported continued strong first quarter 2026 results with net income of $12.0 million and diluted EPS of $2.07. Return on average assets was 1.88% and return on average tangible common equity was 18.07%.
Core deposits grew to $2.33 billion (+13.5% YoY), total deposits were $2.37 billion, net interest margin was 5.21%, and loans HFI totaled $2.14 billion. The company repurchased 44,214 shares for $3.0 million in Q1 2026.
CalPrivate Bank (OTCQX:PBAM) appointed Michael Pierron as Executive Vice President and Chief Operating Officer effective April 6, 2026. Mr. Pierron brings over 25 years of banking operations, payments, technology, and enterprise transformation experience and seven years as an EVP, Head of Payments at a regional bank.
Management says his expertise in deposits, treasury management, fee income and operational efficiency will support the bank's scalable, client-centric growth strategy.
Private Bancorp of America (OTCQX: PBAM) reported continued strong results for Q4 2025 and full-year 2025. Q4 net income was $10.0M ($1.71 diluted EPS), with net interest margin of 4.84%. FY'25 net income was $40.7M (+13.5% YoY) and diluted EPS was $6.92 (+12.5% YoY). Core deposits rose 13.9% YoY to $2.16B and loans HFI were $2.13B. Total cost of deposits improved to 1.80% in Q4 and tangible book value per share increased to $45.75 as of December 31, 2025.
Asset quality showed higher provision expense in Q4 ($2.6M) and modest increases in criticized and nonperforming assets.
Private Bancorp of America (OTCQX:PBAM) and CalPrivate Bank announced the grand opening of a new full-service Montecito branch serving California's Central Coast at 1482 East Valley Road on November 5, 2025.
The office offers personal, business and nonprofit banking, small business lending, and a new Impact Checking account for nonprofits. Leadership named includes Executive VP and Market President George Leis and Relationship Managers Sarah McClelland and Dan Glaser. A ribbon-cutting by the Santa Barbara Chamber of Commerce is scheduled for Nov 5, 2025 at 5:30pm.
Private Bancorp of America (OTCQX: PBAM) reported Q3 2025 net income of $9.7M ($1.65 diluted EPS), up 2.6% year-over-year and down versus prior quarter. Key balance sheet moves: core deposits $2.19B (+17.0% YoY, +5.8% QoQ), total deposits $2.27B, and loans HFI $2.08B. Net interest margin was 4.65%; provision for credit losses rose to $1.8M. Investment securities AFS were $199.9M (+41.6% YoY). Tangible book value per share was $44.11 (+19.6% YoY). Nonperforming assets increased to 1.79% of assets.
The company highlighted branch expansion in Montecito and continued focus on relationship banking and disciplined lending.