Private Bancorp of America, Inc. (OTCQX: PBAM) Announces Closing of $10 Million Private Placement of Common Stock

Jun 28, 2019

LA JOLLA, Calif., June 28, 2019 (GLOBE NEWSWIRE) -- Private Bancorp of America, Inc. (OTCQX: PBAM) (“PBAM”), parent company of CalPrivate Bank (“Bank”), announced today the completion of a $10 million capital raise through the sale of 444,444 shares of its common stock at $22.50 per share to institutional and certain accredited investors.

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