CalPrivate Bank Announces New Chief Credit Officer

Core Insights - Private Bancorp of America, Inc. has appointed Andrew K Meitzen as the new Executive Vice President and Chief Credit Officer of CalPrivate Bank, bringing extensive experience in lending, credit, and enterprise risk management [1][2] - The company emphasizes its core values of Relationships, Solutions, and Trust, which are seen as foundational for continued growth [2] Company Overview - Private Bancorp of America, Inc. is the parent company of CalPrivate Bank, which operates in multiple locations including Coronado, San Diego, La Jolla, Newport Beach, El Segundo, Beverly Hills, and soon Montecito, alongside digital banking services [3] - CalPrivate Bank focuses on high-net-worth individuals, professionals, closely held businesses, and real estate entrepreneurs, offering a personalized banking experience and leveraging advanced technology [3] - The bank has received high customer service ratings, scoring nearly three times higher than the median domestic bank, and is recognized as the 10th best bank in the U.S. and the top bank in its asset class for return on assets (ROA) and return on equity (ROE) [3] - CalPrivate Bank is also ranked in the top 5% of banks in the U.S. with assets between $2 billion and$10 billion, and has received a 5-star rating from Bauer Financial [3]