Private Bancorp of America, Inc. Announces Completion of CEO Transition

Oct 01, 2020

LA JOLLA, Calif., Oct. 01, 2020 (GLOBE NEWSWIRE) -- Selwyn Isakow, Chairman of Private Bancorp of America, Inc. (OTCQX:PBAM), (“Company”) and CalPrivate Bank (“Bank”) announced the completion of the CEO transition plan announced in January 2020. As planned, Rick L. Sowers has succeeded Thomas V. Wornham as Chief Executive Officer of both the Company and the Bank. Wornham will remain on the Board of Directors of the Company and Bank.

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