Seasoned Finance and Accounting Team Joins Calprivate Bank and Private Bancorp of America

LA JOLLA, Calif., Jan. 05, 2023 (GLOBE NEWSWIRE) — Private Bancorp of America, Inc. (OTCQX: PBAM) (“Company”) and CalPrivate Bank (“Bank”) President & CEO Rick Sowers announced today that a new finance and accounting leadership team has joined the Company and the Bank. The team will be led by Cory D. Stewart, who was appointed Executive Vice President and Chief Financial Officer of both the Company and Bank effective January 4, 2023. Joining Cory will be Tony Dal Maso, SVP Accounting & Financial Reporting, Mark Hettel, SVP Finance Strategy & Transformation and Erik Torseth, SVP Finance & Treasury. Cory succeeds Mag Wangsuwana who will remain with the company during the first quarter to ensure a smooth transition.

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