PRIVATE BANCORP OF AMERICA I Business Summary

Private Bancorp of America, Inc. (PBAM) operates as the bank holding company for CalPrivate Bank, a relationship-focused commercial institution serving high-net-worth individuals, real estate entrepreneurs, and small-to-middle market businesses across coastal Southern California. The company generates revenue primarily through net interest income from a diverse loan portfolio—including commercial real estate, construction, and equipment financing—complemented by non-interest income from SBA loan sales, treasury management, and merchant services. As of July 2026, the bank maintains a high-density footprint in affluent markets such as La Jolla, Beverly Hills, and Newport Beach, distinguishing itself through a "Distinctly Different" service model that yielded a peer-leading net interest margin of 5.18% in Q2 2026. PBAM competes directly with regional players like Banc of California (BANC), CVB Financial (CVBF), and Western Alliance (WAL), positioning itself as a high-margin niche specialist with superior credit metrics and personalized service compared to its larger, mass-market competitors. The company is led by President and CEO Rick L. Sowers, a Southern California native with a background at Accenture and CAST Management Consultants who has overseen a significant expansion of the bank's asset base since 2020. The executive team includes EVP and CFO Cory Stewart, EVP and COO Michael Pierron—who joined in April 2026 with 25 years of operational experience—and EVP and General Counsel Robert Tidd, appointed in July 2026. The board is chaired by founder Selwyn Isakow, a private equity veteran and CEO of The Oxford Investment Group, and includes notable billionaire philanthropist Ernest Rady, the founder of American Assets Trust and Westcorp. Following over 13 years on the OTCQX, the company achieved a major milestone by uplisting its common stock to the Nasdaq Global Select Market on July 30, 2026, enhancing its capital access and market visibility.