Shares for Hoka and Ugg parent company Deckers Brands dropped over 8 percent in after-market trading on Thursday after the footwear maker posted yearly guidance below analysts’ expectations. The Goleta, Calif.-based company reported net sales in the second quarter of fiscal 2026 increased 9.1 percent to $1.43 billion compared to $1.31 billion the same time last year. Net income for the second quarter was $268.15 million, or $1.82 per diluted share, down from $357.95 million, or $2.74 per diluted share, th ...

Core Insights - Private Bancorp of America, Inc. has appointed Angel Martinez to the board of its subsidiary, CalPrivate Bank, enhancing its leadership team with extensive experience in the footwear industry [1][2]. Company Overview - Private Bancorp of America, Inc. (OTCQX: PBAM) 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 Montecito, and offers digital banking services [4]. - 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 [4]. - 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 1 bank in its asset class for return on assets (ROA) and return on equity (ROE) [4]. Leadership and Strategic Vision - Angel Martinez brings over 45 years of experience, including his role as the retired Chairman and CEO of Deckers Brands, and has served on various boards, enhancing the strategic insight of CalPrivate Bank [2][3]. - The leadership team, including President and CEO Rick Sowers, expresses excitement about Martinez's appointment, highlighting his success in culture, marketing, and brand building as valuable assets for the bank's growth [3].