CalPrivate Bank Announces New Chief Credit Officer
CalPrivate Bank (OTCQX:PBAM) has appointed Andrew K Meitzen as their new Executive Vice President and Chief Credit Officer. Meitzen brings significant experience in the banking industry, having worked at both community banks and the Office of the Comptroller of the Currency (OCC), with expertise in lending, credit, and enterprise risk management.
Rick Sowers, President and CEO, highlighted Meitzen's expertise in disciplined credit and deal structuring, as well as his technical acumen in navigating today's economic credit landscape. Meitzen expressed enthusiasm about joining CalPrivate Bank, emphasizing alignment with the bank's core values of Relationships, Solutions, and Trust.
CalPrivate Bank (OTCQX:PBAM) ha nominato Andrew K Meitzen come nuovo Vice Presidente Esecutivo e Chief Credit Officer. Meitzen porta con sé una vasta esperienza nel settore bancario, avendo lavorato sia in banche comunitarie sia presso l'Office of the Comptroller of the Currency (OCC), con competenze in prestiti, credito e gestione del rischio aziendale.
Rick Sowers, Presidente e CEO, ha sottolineato l'esperienza di Meitzen nella gestione rigorosa del credito e nella strutturazione delle operazioni, oltre alla sua competenza tecnica nel navigare l'attuale scenario economico del credito. Meitzen ha espresso entusiasmo per l'ingresso in CalPrivate Bank, evidenziando l'allineamento con i valori fondamentali della banca: Relazioni, Soluzioni e Fiducia.
CalPrivate Bank (OTCQX:PBAM) ha nombrado a Andrew K Meitzen como su nuevo Vicepresidente Ejecutivo y Chief Credit Officer. Meitzen aporta una amplia experiencia en la industria bancaria, habiendo trabajado tanto en bancos comunitarios como en la Oficina del Contralor de la Moneda (OCC), con especialización en préstamos, crédito y gestión de riesgos empresariales.
Rick Sowers, Presidente y CEO, destacó la experiencia de Meitzen en la disciplina crediticia y estructuración de acuerdos, así como su habilidad técnica para manejar el actual panorama económico del crédito. Meitzen expresó su entusiasmo por unirse a CalPrivate Bank, enfatizando la alineación con los valores fundamentales del banco: Relaciones, Soluciones y Confianza.
CalPrivate Bank (OTCQX:PBAM)는 Andrew K Meitzen를 새로운 수석 부사장 겸 최고 신용 책임자로 임명했습니다. Meitzen은 커뮤니티 은행과 통화감독청(OCC)에서 근무한 경험을 바탕으로 대출, 신용 및 기업 리스크 관리 분야에서 풍부한 전문 지식을 보유하고 있습니다.
Rick Sowers 사장 겸 CEO는 엄격한 신용 관리와 거래 구조화에 대한 Meitzen의 전문성과 오늘날 경제 신용 환경을 헤쳐 나가는 기술적 역량을 강조했습니다. Meitzen은 CalPrivate Bank에 합류하게 된 것에 대해 열정을 표하며 은행의 핵심 가치인 관계, 솔루션, 신뢰와의 일치를 강조했습니다.
CalPrivate Bank (OTCQX:PBAM) a nommé Andrew K Meitzen en tant que nouveau Vice-Président Exécutif et Directeur Crédit. Meitzen apporte une expérience significative dans le secteur bancaire, ayant travaillé à la fois dans des banques communautaires et à l'Office of the Comptroller of the Currency (OCC), avec une expertise en prêts, crédit et gestion des risques d'entreprise.
Rick Sowers, Président et CEO, a souligné l'expertise de Meitzen en matière de crédit rigoureux et de structuration des accords, ainsi que sa compétence technique pour naviguer dans le paysage économique actuel du crédit. Meitzen s'est dit enthousiaste à l'idée de rejoindre CalPrivate Bank, mettant en avant son alignement avec les valeurs fondamentales de la banque : Relations, Solutions et Confiance.
CalPrivate Bank (OTCQX:PBAM) hat Andrew K Meitzen zum neuen Executive Vice President und Chief Credit Officer ernannt. Meitzen bringt umfangreiche Erfahrung in der Bankenbranche mit, da er sowohl bei Community-Banken als auch beim Office of the Comptroller of the Currency (OCC) tätig war und über Fachwissen in den Bereichen Kreditvergabe, Kredit und unternehmensweites Risikomanagement verfügt.
Rick Sowers, Präsident und CEO, hob Meitzens Expertise in diszipliniertem Kreditmanagement und Deal-Strukturierung sowie seine technische Kompetenz im Umgang mit der heutigen wirtschaftlichen Kreditlandschaft hervor. Meitzen zeigte sich begeistert von seinem Einstieg bei CalPrivate Bank und betonte die Übereinstimmung mit den Kernwerten der Bank: Beziehungen, Lösungen und Vertrauen.
- Appointment of experienced executive with diverse banking industry background
- New CCO brings expertise in credit, lending, and risk management from both regulatory (OCC) and community banking perspectives
- None.
LA JOLLA, Calif., May 13, 2025 (GLOBE NEWSWIRE) -- Private Bancorp of America, Inc. (OTCQX:PBAM) (“Company”), the parent company of CalPrivate Bank (“Bank”) announced the appointment of Andrew K Meitzen as the Bank’s new Executive Vice President and Chief Credit Officer. Mr. Meitzen brings impressive skills and diverse experience working in the banking industry at both community banks and the Office of the Comptroller of the Currency (OCC) with an emphasis in lending, credit, and enterprise risk management.
Rick Sowers, President and Chief Executive Officer of the Company and Bank stated, “We are excited to have Andrew join our team bringing his expertise in disciplined credit and deal structuring, along with the technical acumen to navigate the ever-evolving credit landscape of today’s economy.”
“I am honored to be joining the CalPrivate Team and excited to contribute to the ongoing success of the Bank and its Clients,” said Mr. Meitzen. “The core values of Relationships, Solutions and Trust resonate with me and are the perfect foundation for continued growth.”
About Private Bancorp of America, Inc.
Private Bancorp of America, Inc. (OTCQX: PBAM) PBAM is the holding company for CalPrivate Bank, which operates offices in Coronado, San Diego, La Jolla, Newport Beach, El Segundo, Beverly Hills, and soon Montecito, as well as through efficient digital banking services. CalPrivate Bank is driven by its core values of building client Relationships based on superior client Solutions, unparalleled Service, and mutual Trust. The Bank caters to high-net-worth individuals, professionals, closely held businesses, and real estate entrepreneurs, delivering a Distinctly Different™ personalized banking experience while leveraging cutting-edge technology to enhance our clients’ evolving needs. CalPrivate Bank is in the top tier of customer service survey ratings in the nation, scoring almost three times higher than the median domestic bank. The Bank offers comprehensive deposit and treasury services, rapid and creative loan options including various portfolio and government-guaranteed lending programs, cross border banking, and innovative, unique technologies that drive enhanced client performance. CalPrivate Bank has been recognized by Bank Director's RankingBanking® as the 10th best bank in the country and the #1 bank in its asset class for both return on assets (ROA) and return on equity (ROE). CalPrivate Bank was also ranked in the top
Learn more at www.calprivate.bank.
Investor Relations Contact
Rick Sowers
President and CEO
Private Bancorp of America, Inc.
(424) 303-4894
Safe Harbor Paragraph
This press release contains expressions of expectations, both implied and explicit, that are “forward looking statements” within the meaning of such term in the Private Securities Litigation Reform Act of 1995. We caution you that a number of important factors could cause actual results to differ materially from those in the forward-looking statements, especially given the current turmoil in the banking and financial markets. These factors include the effects of depositors withdrawing funds unexpectedly, counterparties being unable to provide liquidity sources that we believe should be available, loan losses, economic conditions and competition in the geographic and business areas in which Private Bancorp of America, Inc. operates, including competition in lending and deposit acquisition, the unpredictability of fee income from participation in SBA loan programs, the effects of bank failures, liquidations and mergers in our markets and nationally, our ability to successfully integrate and develop business through the addition of new personnel, whether our efforts to expand loan, product and service offerings will prove profitable, system failures and data security, whether we can effectively secure and implement new technology solutions, inflation, fluctuations in interest rates, legislation and governmental regulation. You should not place undue reliance on forward-looking statements, and we undertake no obligation to update those statements whether as a result of changes in underlying factors, new information, future events or otherwise. These factors could cause actual results to differ materially from what we anticipate or project. You should not place undue reliance on any such forward-looking statement, which speaks only as of the date on which it was made. Although we, in good faith, believe the assumptions and bases supporting our forward-looking statements to be reasonable there can be no assurance that those assumptions and bases will prove accurate.
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