CalPrivate Bank Welcomes New Chief Credit Officer
Private Bancorp of America, Inc. (OTCQX:PBAM), the respected parent company of CalPrivate Bank, has made a significant leadership decision by appointing Andrew K. Meitzen as the new Executive Vice President and Chief Credit Officer of the Bank. With a rich background in the banking industry, Mr. Meitzen’s journey includes valuable experience from both community banking and the Office of the Comptroller of the Currency, showcasing his deep knowledge in lending, credit, and enterprise risk management.
Team Excitement and Mission Alignment
Rick Sowers, President and Chief Executive Officer of the Company and the Bank expressed his enthusiasm, saying, “We are excited to have Andrew join our team, bringing his expertise in disciplined credit and deal structuring along with the technical acumen to navigate the ever-evolving credit landscape of today’s economy.” This announcement represents a pivotal moment for the Bank as it continues to forge ahead in its mission to deliver superior financial solutions.
Mr. Meitzen's Vision for Growth
In his own words, Mr. Meitzen expressed, “I am honored to be joining the CalPrivate Team and excited to contribute to the ongoing success of the Bank and its Clients. The core values of Relationships, Solutions, and Trust resonate with me and are the perfect foundation for continued growth.” This highlights not only his personal commitment but also aligns perfectly with the ethos of CalPrivate Bank, which emphasizes strong client relationships and innovative solutions.
About CalPrivate Bank
CalPrivate Bank, under the banner of Private Bancorp of America, Inc., stands out for its dedication to building lasting relationships with its clients. The Bank operates multiple branches across various regions and offers a robust lineup of services designed to meet the needs of high-net-worth individuals, professionals, closely held businesses, and real estate entrepreneurs. With an approach that combines personalized service and advanced technology, the Bank is committed to providing a Distinctly Different™ banking experience.
Exceptional Service and Recognition
CalPrivate Bank has consistently received high praise in customer service surveys, even scoring significantly higher than the national average for comparable banks. Their comprehensive range of offerings includes deposit and treasury services along with flexible loan options, catering to the diverse needs of their clients. Recently, the Bank was recognized for its impressive performance in return on assets (ROA) and return on equity (ROE), being noted as the 10th best bank in the country and the top in its asset class.
Acknowledgments and Future Goals
Moreover, CalPrivate Bank has received accolades from American Banker, placing it in the top 5% of banks with assets between $2B and $10B. As a Bauer Financial 5-star rated bank and an SBA Preferred Lender, it continues to exemplify excellence in the banking sector. The honors, including the Community Bank SBA 504 Lender of the Year award from the NADCO Community Impact Awards, further signify CalPrivate Bank's impact and commitment to providing exceptional financial services.
Investor Relations and Contact Information
For more details about the recent appointment and other news, interested parties can reach out to:
Investor Relations Contact:
Rick Sowers
President and CEO
Private Bancorp of America, Inc.
(424) 303-4894
Frequently Asked Questions
Who has been appointed as the Chief Credit Officer of CalPrivate Bank?
Andrew K. Meitzen has been appointed as the Chief Credit Officer of CalPrivate Bank.
What is the role of the Chief Credit Officer at the Bank?
The Chief Credit Officer oversees the credit policies and risk management strategies, ensuring sound lending practices.
What are the core values of CalPrivate Bank?
The core values of CalPrivate Bank include Relationships, Solutions, and Trust, which guide its operations and service delivery.
How does CalPrivate Bank differentiate itself from other banks?
CalPrivate Bank focuses on personalized banking experiences through superior client relationships and advanced technology solutions.
Where can I find more information about CalPrivate Bank?
You can find more information about CalPrivate Bank on their official website at www.calprivate.bank.
