 LA JOLLA, Calif., July 22, 2021 GLOBE NEWSWIRE -- Private Bancorp of America, Inc. OTCQX:PBAM today announced that the Board of Directors has adopted a stock repurchase program, and authorized entering into a written stock repurchase agreement with a broker-dealer. That agreement is expected to include a trading plan in accordance with Rules 10b5-1 and 10b-18 of the Securities and Exchange Act of 1934. The Board authorized the Company to purchase up to 75,000 shares of the Companys stock in privately-negotiated transactions and in the open market for aggregate consideration of up to 1,500,000. The term of the repurchases under the agreement may be made through July 31, 2022. 