CalPrivate Bank names Michael Pierron as chief operating officer

Private Bancorp of America Inc. (OTCQX: PBAM) announced that Michael Pierron has joined CalPrivate Bank as executive vice president and chief operating officer.

Pierron brings more than 25 years of experience in banking operations, payments, technology, strategic execution and enterprise transformation. He previously served seven years at a regional bank as executive vice president and head of payments, where he focused on growing core relationship deposits, improving treasury management offerings and enhancing profitability through fee income and lower-cost funding.

"We are excited to have Michael join the Team. He is a smart operator and understands our goal of continuing to build a scalable client centric model," said Rick Sowers, president and CEO of CalPrivate Bank. "His background in banking operations, technology and payments positions him well to contribute to our long-term strategy and strengthen our organization."

Pierron stated he was honored to join the organization and looked forward to working with the team to drive continued growth and innovation.

CalPrivate Bank operates offices in Coronado, San Diego, La Jolla, Newport Beach, El Segundo, Beverly Hills and Montecito. The bank serves high-net-worth individuals, professionals, closely held businesses and real estate entrepreneurs. Private Bancorp of America is the holding company for CalPrivate Bank.

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