Private Bancorp of America Appoints Chief Credit Officer Andra Frazier

What Happened

• Private Bancorp of America, the holding company for CalPrivate Bank, filed an 8‑K on August 17, 2026 (Item 7.01, Regulation FD disclosure) announcing the appointment of Andra Frazier as the Bank’s Executive Vice President and Chief Credit Officer. The company issued a press release about the appointment (Exhibit 99.1).

Key Details

• Appointment announced: August 17, 2026.
• New role: Executive Vice President and Chief Credit Officer — senior credit leadership at CalPrivate Bank.
• Filing type: Form 8‑K (Regulation FD disclosure); press release attached as Exhibit 99.1.
• Report signed by Richard L. Sowers, President and CEO, on behalf of the registrant.

Why It Matters

• This is a senior executive change affecting the bank’s credit oversight and risk management function. For investors, changes in credit leadership can influence how the bank manages loan portfolios, underwriting standards and credit risk disclosure going forward. Monitor subsequent filings and company communications for Frazier’s background, stated priorities, and any shifts in credit-policy or portfolio metrics.