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CalPrivate Bank Announces Appointment of New Chief Credit Officer

PBAM
  • Private Bancorp of America, Inc. appointed Andra Frazier as Executive Vice President & Chief Credit Officer for its subsidiary CalPrivate Bank.
  • Frazier will lead seasoned credit professionals to support the bank's strategic growth & credit risk management initiatives.
  • Company President & CEO Rick Sowers stated that Frazier's background aligns well with the organization's credit & risk management culture.
  • CalPrivate Bank operates offices in Coronado, San Diego, La Jolla, Newport Beach, El Segundo, Beverly Hills, & Montecito.
  • The bank serves high-net-worth individuals, professionals, closely held businesses, & real estate entrepreneurs.
  • CalPrivate Bank ranked as the 10th best bank in the country by Bank Director's RankingBanking®.
  • The bank was ranked #1 in its asset class for return on assets (ROA) & return on equity (ROE).
  • CalPrivate Bank placed in the top 5% of U.S. banks with assets between $2B & $10B by American Banker for 2024 & 2025.
  • As of June 30, 2026, the company held $2.71 billion in assets, $2.13 billion in loans, & $2.38 billion in deposits.
  • Net income for the quarter ended June 30, 2026, was $13.1 million, with earnings per diluted share of $2.27.
  • The press release includes forward-looking statements regarding economic conditions, regulatory changes, & potential risks.