Private Bancorp of America, Inc. Announces Uplisting to Nasdaq Global Select Market
GlobeNewsWire
公開日時: Jul 29, 2026, 08:20 PM
Sentiment Analysis
Private Bancorp of America, Inc. (NASDAQ: PBAM), (the “Company”), the holding company for CalPrivate Bank (the “Bank”), announced today that its Registration Statement on Form 10 has been declared effective by the U.S. Securities and Exchange Commission (the “SEC”) and the Nasdaq Stock Market LLC (“NASDAQ”) has approved the listing of its common stock on the Nasdaq Global Select Market.
After more than 13 years trading on the OTCQX market, the Company’s common stock is expected to commence trading on the NASDAQ Global Select Market at the opening of the market on July 30, 2026 under the Company’s current ticker symbol “PBAM.” Shareholders are not required to take any action as a result of the uplisting. The Company’s uplisting comes as the Bank celebrates its 20 th anniversary. For the past two decades, the Bank has proudly served its communities by delivering our Distinctively Different™ Service to our clients through our relationship-driven banking model.
“Uplisting the Company’s stock to NASDAQ is a defining achievement and a testament to the dedication of our team, the trust of our clients, and the support of our shareholders,” said Rick Sowers, President and Chief Executive Officer of the Company. “For 20 years, we have remained focused on building a Bank that combines the strength, professionalism, and capabilities of a larger institution with the responsiveness and personal attention of a true community partner. Uplisting to the NASDAQ reflects the strong foundation we’ve built and positions us well for the opportunities ahead.”
“This is a proud moment in the Company’s journey and sets the stage for continuing to execute our long-term growth strategy,” said Selwyn Isakow, Chairman of the Board of Directors of the Company. “Moving to Nasdaq marks a pivotal milestone as we believe this transition will enhance our credibility, expand access to capital, improve market visibility and liquidity, reinforce our ability to attract and retain exceptional talent as we continue to grow, and provide additional flexibility when pursuing accretive strategic opportunities.”
About Private Bancorp of America, Inc. Private Bancorp of America, Inc. (NASDAQ: PBAM) is the holding company for CalPrivate Bank, which operates offices in Coronado, San Diego, La Jolla, Newport Beach, El Segundo, Beverly Hills, and Montecito, as well as through efficient digital banking services. CalPrivate Bank is driven by its core values of building client Relationships based on superior funding Solutions, unparalleled Service, and mutual Trust. CalPrivate Bank caters to high-net-worth individuals, professionals, closely held businesses, and real estate entrepreneurs, delivering a Distinctly Different ™ personalized banking experience while leveraging cutting-edge technology to enhance our clients’ evolving needs. CalPrivate Bank is in the top tier of customer service survey ratings in the nation, scoring almost three times higher than the median domestic bank. CalPrivate Bank offers comprehensive deposit and treasury services, rapid and creative loan options including various portfolio and government-guaranteed lending programs, and innovative, unique technologies that drive enhanced client performance. CalPrivate Bank has been recognized by Bank Director’s RankingBanking ® as the 10th best bank in the country and the #1 bank in its asset class for both return on assets (ROA) and return on equity (ROE). CalPrivate Bank was also ranked in the top 5% of banks in the U.S. with assets between $2B and $10B by American Banker for both 2024 and 2025. Additionally, CalPrivate Bank is a Bauer Financial 5-star rated bank, an SBA Preferred Lender, and has...
Source: GlobeNewsWire
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