Private Bancorp names EVP & COO as reporting insider

Private Bancorp of America, Inc. reported that Michael Francis Pierron, its EVP and COO, filed an initial statement of beneficial ownership as a reporting person.

Rhea-AI Filing Summary

Private Bancorp of America, Inc. reported that Michael Francis Pierron, its EVP and COO, filed an initial statement of beneficial ownership as a reporting person. The filing lists no equity holdings or transactions and includes an exhibit described as a Power of Attorney.

Key Terms

Form 3, beneficial ownership, Power of Attorney

3 terms

Form 3 regulatory

"filed an initial statement of beneficial ownership as a Form 3"

Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.

beneficial ownership regulatory

"filed an initial statement of beneficial ownership as a reporting person"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

Power of Attorney regulatory

"remarks reference Exhibit 24 - Power of Attorney as an exhibit"

A power of attorney is a legal document that allows one person to make decisions and act on behalf of another person, often in financial or legal matters. It’s like giving someone a trusted helper or agent the authority to handle important tasks if you are unable to do so yourself. This matters to investors because it can impact how their assets are managed or transferred if they become unable to oversee their affairs.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the PBAM Form 3 filed for Michael Francis Pierron show?

The Form 3 identifies Michael Francis Pierron as an EVP and COO and reporting person of Private Bancorp of America, Inc. It reports no transactions or holdings and references an exhibit titled Power of Attorney.

Is Michael Francis Pierron a ten percent owner of PBAM according to this Form 3?

No. The Form 3 indicates that Michael Francis Pierron is not a ten percent owner of Private Bancorp of America, Inc. He is listed instead as an officer with the title EVP and COO.

Does the PBAM Form 3 for Michael Pierron report any stock transactions?

No transactions are reported. The transaction section shows zero buys, zero sells, zero derivative exercises, and there are no holding entries, indicating no reportable equity positions in this filing.

What is the significance of the Power of Attorney mentioned in the PBAM Form 3?

The remarks reference an exhibit titled Exhibit 24 - Power of Attorney. This typically authorizes another party to sign SEC ownership reports on the insider’s behalf, but the filing here only notes its existence without further detail.

Does the PBAM Form 3 indicate any Rule 10b5-1 trading plan for Michael Pierron?

No. The Form 3 data show the Rule 10b5-1 plan field as null, and there are no transactions or footnotes describing any trading plan in connection with this initial ownership statement.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 07/29/2026 - 04:44 PM EDT Learn about SEC filing dates

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Pierron Michael Francis

(Last) (First) (Middle)

9404 GENESEE AVE.

SUITE 100

(Street)

LA JOLLA CALIFORNIA 92037

(City) (State) (Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
07/29/2026

3. Issuer Name and Ticker or Trading Symbol
Private Bancorp of America, Inc. [ PBAM ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP and COO

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

Exhibit 24 - Power of Attorney

No securities are beneficially owned.

	/s/ Michael Francis Pierron	07/29/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)