Private Bancorp of America, Inc. Announces Uplisting to NASDAQ Global Select Market
Key Points for Investors
- Uplisting to NASDAQ Global Select Market: Private Bancorp of America, Inc. (“PBAM”) has announced the successful uplisting of its common stock from the OTCQX market to the NASDAQ Global Select Market, effective at the opening of the market on July 30, 2026. The stock will continue to trade under the ticker symbol “PBAM”.
- SEC Approval: The company’s Registration Statement on Form 10 has been declared effective by the U.S. Securities and Exchange Commission (SEC), and NASDAQ has approved the listing.
- No Shareholder Action Required: Shareholders do not need to take any action as a result of the uplisting.
- Bank’s 20th Anniversary: The uplisting coincides with CalPrivate Bank’s 20th anniversary, marking two decades of service.
- Financial Performance: As of June 30, 2026, PBAM reported \$2.71 billion in assets, \$2.13 billion in loans, and \$2.38 billion in deposits. Net income for Q2 2026 was \$13.1 million, with diluted earnings per share of \$2.27.
- Industry Recognition: CalPrivate Bank is ranked in the top tier of customer service nationally, and has received multiple awards, including:
- 10th best bank in the country by Bank Director’s RankingBanking®
- #1 bank in its asset class for ROA and ROE
- Top 5% among banks with \$2B-\$10B in assets for both 2024 and 2025 (American Banker)
- Bauer Financial 5-star rating
- SBA Preferred Lender and Community Bank SBA 504 Lender of the Year by NADCO Community Impact Awards
- Strategic Implications:
- The uplisting is expected to enhance PBAM’s credibility, expand access to capital, improve market visibility and liquidity, reinforce its ability to attract and retain top talent, and provide strategic flexibility for future growth.
- Forward-Looking Statements and Risks:
- PBAM cautions investors regarding inherent risks and uncertainties in its business, including economic conditions, industry developments, regulatory changes, interest rate risk, competition, cybersecurity threats, and costs associated with operating as a public company.
- Additional risk factors are detailed in PBAM’s Registration Statement on Form 10 filed with the SEC.
Details for Shareholders
The uplisting of PBAM shares to NASDAQ is a significant event for shareholders, as it could potentially impact the stock’s liquidity, visibility, and valuation. The transition from the OTCQX market to the NASDAQ Global Select Market typically attracts broader institutional interest and may lead to increased trading volumes and potentially greater share price stability or appreciation. Shareholders are not required to take any action; the transition is automatic.
According to Rick Sowers, President and CEO, and Selwyn Isakow, Chairman, the uplisting marks a “defining achievement” and “pivotal milestone” for the company, reflecting the strength of its foundation and setting the stage for continued execution of a long-term growth strategy. The enhanced market status is expected to support PBAM’s credibility and strategic growth ambitions.
PBAM’s robust financial performance, with solid asset, loan, and deposit growth, and strong earnings, underscores its operational success. The Bank’s exceptional rankings and awards further validate its competitive position in the industry.
Potential Price Sensitive Information
- The uplisting itself is a material event that can affect share value, as NASDAQ listing is associated with greater visibility and credibility among investors.
- The company’s strong financial performance and industry recognition may positively influence investor sentiment.
- The statement of enhanced access to capital and flexibility for strategic acquisitions could indicate PBAM’s intent to pursue future growth opportunities, which may be price sensitive.
- The detailed list of forward-looking risks and uncertainties is important for investors, as these could affect future performance and share value.
Investor Contacts
- Rick Sowers, President and CEO: (424) 303-4894
- Cory Stewart, EVP and CFO: (206) 293-3669
- Email: [email protected]
- Learn more: www.investors.pbam.com
Disclaimer
This article contains forward-looking statements, which are subject to risks and uncertainties. Actual results may differ materially from those expressed or implied herein. Investors should review PBAM’s filings with the SEC and consult with their financial advisors before making investment decisions. This article is for informational purposes only and does not constitute investment advice.
