Private Bancorp of America, Inc.

Private Bancorp of America, Inc. (PBAM) is the bank holding company for CalPrivate Bank, which provides a wide range of banking products and services to individuals and businesses in California. For individuals, the bank offers checking and savings accounts, mobile deposit, money market accounts, certificates of deposit, retirement accounts, ATM and debit cards, credit cards, and safe deposit boxes. For businesses, it provides commercial real estate loans, commercial and industrial loans, government-guaranteed lending programs, and online business banking services such as online tools, remote deposit capture, bill pay, account reconciliation, ACH origination, and positive pay. Additionally, it offers business solutions like zero balance accounts, sweep accounts, wire transfer services, cash vault services, merchant services, and funds management. The bank also serves legal professionals with specialized services and provides wealth management and impact checking services.

Private Bancorp of America (PBAM) is traded on the OTC Markets OTCQX exchange under the symbol PBAM. The OTCQX is a premium tier of the over-the-counter markets, designed for established, investor-focused U.S. and international companies. The company's financials are reported in U.S. Dollars (USD), reflecting its operations based in the United States. Investors trading PBAM shares typically transact in USD, and the stock price is quoted in this currency.

Private Bancorp of America (PBAM) operates in the Financial Services sector, specifically within the Banks - Regional industry. As a regional bank, it focuses on serving local communities and businesses, primarily in California. Regional banks like PBAM typically offer a mix of retail and commercial banking services, including deposit accounts, loans, and other financial products tailored to the needs of their geographic market. This classification distinguishes it from large national banks or specialized financial institutions.

Private Bancorp of America (PBAM) is headquartered in La Jolla, California, United States. The company was founded in 2006 and serves customers primarily in California through its subsidiary, CalPrivate Bank. Its services are tailored to both individuals and businesses within the state, offering a range of deposit and lending products. The bank's focus on the California market allows it to provide personalized banking solutions, including specialized services for legal professionals and wealth management clients. While its physical presence is concentrated in California, its online banking services enable customers to access accounts remotely.

Private Bancorp of America (PBAM) generates revenue primarily through its banking operations as the holding company for CalPrivate Bank. Its main sources of income include interest income from lending activities, such as commercial real estate loans, commercial and industrial loans, and government-guaranteed lending programs. Additionally, it earns fee income from various services, including deposit accounts (checking, savings, money market, CDs), ATM and debit card fees, credit card services, and online business banking features like remote deposit capture, bill pay, and ACH origination. The bank also generates revenue from business solutions such as wire transfers, merchant services, and cash vault services, as well as wealth management and impact checking services. This diversified portfolio of interest and non-interest income supports its financial performance.