Private Bancorp of America, Inc. Announces Stock Repurchase Program
Private Bancorp of America (OTCQX:PBAM) has announced a significant stock repurchase program approved by its Board of Directors. The company plans to repurchase shares through both privately-negotiated transactions and open market purchases, with a total allocation of up to $5 million.
The program will be executed through a broker-dealer agreement incorporating trading plans compliant with Rules 10b5-1 and 10b-18 of the Securities and Exchange Act of 1934. The repurchase program is set to run through December 31, 2025.
Private Bancorp of America (OTCQX:PBAM) ha annunciato un programma significativo di riacquisto di azioni approvato dal Consiglio di Amministrazione. La società intende riacquistare titoli sia tramite transazioni negoziate privatamente sia tramite acquisti sul mercato aperto, con un impegno complessivo fino a 5 milioni di dollari.
Il programma sarà eseguito mediante un accordo con un broker-dealer che include piani di negoziazione conformi alle Regole 10b5-1 e 10b-18 del Securities and Exchange Act del 1934. Il programma di riacquisto sarà in vigore fino al 31 dicembre 2025.
Private Bancorp of America (OTCQX:PBAM) ha anunciado un importante programa de recompra de acciones aprobado por su Consejo de Administración. La compañía planea recomprar acciones tanto mediante transacciones negociadas de forma privada como por compras en el mercado abierto, con una asignación total de hasta 5 millones de dólares.
El programa se ejecutará a través de un acuerdo con un broker-dealer que incorpora planes de negociación conformes a las Reglas 10b5-1 y 10b-18 del Securities and Exchange Act de 1934. El programa de recompra estará vigente hasta el 31 de diciembre de 2025.
Private Bancorp of America (OTCQX:PBAM)는 이사회의 승인을 받은 대규모 자사주 매입 프로그램을 발표했습니다. 회사는 사적 협상 거래와 공개시장 매입을 통해 주식을 환매할 예정이며, 총 한도는 500만 달러입니다.
해당 프로그램은 증권거래법(Securities and Exchange Act of 1934) 규칙 10b5-1 및 10b-18을 준수하는 거래 계획을 포함한 브로커-딜러 계약을 통해 집행됩니다. 매입 프로그램은 2025년 12월 31일까지 시행됩니다.
Private Bancorp of America (OTCQX:PBAM) a annoncé un important programme de rachat d'actions approuvé par son conseil d'administration. La société prévoit de racheter des actions à la fois par des opérations négociées de gré à gré et par des achats sur le marché ouvert, pour un montant total pouvant atteindre 5 millions de dollars.
Le programme sera mis en œuvre via un accord avec un courtier-négociant intégrant des plans de négociation conformes aux règles 10b5-1 et 10b-18 du Securities and Exchange Act de 1934. Le programme de rachat court jusqu'au 31 décembre 2025.
Private Bancorp of America (OTCQX:PBAM) hat ein bedeutendes Rückkaufprogramm für Aktien angekündigt, das vom Vorstand genehmigt wurde. Das Unternehmen plant, Aktien sowohl durch privat verhandelte Transaktionen als auch durch Käufe am offenen Markt zurückzukaufen, mit einer Gesamtzuweisung von bis zu 5 Millionen US-Dollar.
Das Programm wird über eine Vereinbarung mit einem Broker-Dealer durchgeführt, die Handelspläne einschließt, die den Regeln 10b5-1 und 10b-18 des Securities and Exchange Act von 1934 entsprechen. Das Rückkaufprogramm läuft bis zum 31. Dezember 2025.
- Board authorized $5 million for share repurchases
- Program demonstrates confidence in company's financial position
- Potential to enhance shareholder value through stock buyback
- Reduces cash available for other strategic initiatives
- Limited program size relative to market capitalization
LA JOLLA, Calif., Sept. 11, 2025 (GLOBE NEWSWIRE) -- Private Bancorp of America, Inc. (OTCQX:PBAM) today announced that the Board of Directors has adopted a stock repurchase program, and authorized entering into a written stock repurchase agreement with a broker-dealer. That agreement is expected to include a trading plan in accordance with Rules 10b5-1 and 10b-18 of the Securities and Exchange Act of 1934. The Board authorized the Company to devote up to
About 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 coming 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 funding 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 3x 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
CalPrivate Bank’s website is www.calprivate.bank.
Investor Relations Contacts
Richard L. Sowers
President and CEO
Private Bancorp of America, Inc.
(424) 303-4894
Cory Stewart
Chief Financial Officer
Private Bancorp of America, Inc.
(206) 293-3669
Safe Harbor Paragraph
This communication 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, the effect on customers, collateral value and property insurance markets of the recent wildfires in the Los Angeles metropolitan area and similar events in the future, changes in real estate values, 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.
FAQ
What is the size of Private Bancorp's (PBAM) stock repurchase program?
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How will Private Bancorp (PBAM) execute its share repurchase program?
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What is the purpose of PBAM's stock repurchase program?
