Private Bancorp of America, Inc. Announces Stock Repurchase Program

Core Viewpoint - Private Bancorp of America, Inc. has announced a stock repurchase program, authorizing up to $5 million for share repurchases through various transactions until December 31, 2025 [1] Company Overview - Private Bancorp of America, Inc. is the holding company for CalPrivate Bank, which operates in multiple locations including Coronado, San Diego, La Jolla, Newport Beach, El Segundo, Beverly Hills, and soon Montecito, alongside digital banking services [2] - CalPrivate Bank focuses on high-net-worth individuals, professionals, closely-held businesses, and real estate entrepreneurs, providing a personalized banking experience and leveraging technology to meet client needs [2] - The bank has received high customer service ratings, scoring almost three times higher than the median domestic bank, and has been recognized as the 10th best bank in the U.S. and the top bank in its asset class for return on assets (ROA) and return on equity (ROE) [2] - CalPrivate Bank is also ranked in the top 5% of banks in the U.S. with assets between $2 billion and $10 billion, and has received a 5-star rating from Bauer Financial [2]