 LA JOLLA, Calif., Aug. 25, 2021 GLOBE NEWSWIRE -- Private Bancorp of America, Inc. OTCQX: PBAM Company and CalPrivate Bank Bank President CEO Rick Sowers announced today that Mag Wangsuwana was appointed Executive Vice President and Chief Financial Officer of both the Company and Bank effective August 23, 2021. Mag is a proven finance and accounting professional with strong strategic acumen. He is a proven leader who possesses the skills to help us get to the next level and continue our growth trajectory. We are excited to have him join the team. Sowers continued, We would also like to thank Richard Pimentel for his many contributions over the past years, and wish him all the best. 