LA JOLLA, Calif., July 21, 2021 (GLOBE NEWSWIRE) —  Private Bancorp of America, Inc. (OTCQX:PBAM), (“Company”) and CalPrivate Bank (“Bank”) announced unaudited financial results for the second quarter ending June 30, 2021. The Company reported net income of $4.3 million, or $0.75 per diluted share, for the second quarter of 2021 compared to $4.6 million, or $0.81 per diluted share for the first quarter of 2021. Net income for the six months ending June 30, 2021, was $8.9 million, or $1.56 per diluted share, compared to $4.0 million or $0.71 per diluted share for the same period in 2020.

By A Silva