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GlobeNewswire·

CalPrivate Bank Celebrates Grand Opening of New Full-Service Office in Santa Barbara County

  • Private Bancorp of America, Inc. (OTCQX: PBAM) and CalPrivate Bank announced the grand opening of a new regional branch in Montecito, California, to serve the Central Coast.
  • The full-service office is located at 1482 East Valley Road in Montecito and offers personal banking, business banking, nonprofit banking, small business lending, and other comprehensive solutions.
  • The branch will introduce "Impact Checking," a specialized account designed to help nonprofits manage finances efficiently while amplifying their community reach.
  • George Leis, Executive Vice President and Market President, emphasized the branch's focus on personal relationships, customized solutions, and trust.
  • President & CEO Rick Sowers highlighted the commitment of the local team, led by Leis and Relationship Managers Sarah McClelland and Dan Glaser, to supporting the community.
  • A ribbon-cutting ceremony hosted by the Santa Barbara Chamber of Commerce is scheduled for Wednesday, November 5, 2025, at 5:30pm.
  • CalPrivate Bank operates offices in Coronado, San Diego, La Jolla, Newport Beach, El Segundo, Beverly Hills, and Montecito, serving high-net-worth individuals, professionals, closely held businesses, and real estate entrepreneurs.
  • The bank holds a Bauer Financial 5-star rating, is an SBA Preferred Lender, and was ranked #1 in its asset class for return on assets (ROA) and return on equity (ROE) by Bank Director's RankingBanking®.
  • CalPrivate Bank was ranked in the top 5% of U.S. banks with assets between $2B and $10B by American Banker for both 2024 and 2025.
  • The press release includes a Safe Harbor Paragraph warning that forward-looking statements could differ materially from actual results due to factors like market turmoil, liquidity issues, loan losses, regulatory changes, and interest rate fluctuations.