Private Bancorp of America announces uplisting to Nasdaq Global Select Market

PBAM is set to begin trading on the Nasdaq Global Select Market on July 30 after the SEC declared its Form 10 effective and Nasdaq approved the listing.

Summary

Private Bancorp of America, Inc. said its Registration Statement on Form 10 has been declared effective by the U.S. Securities and Exchange Commission and that Nasdaq has approved the listing of its common stock on the Nasdaq Global Select Market. After more than 13 years on OTCQX, PBAM is expected to begin trading on Nasdaq at the market open on July 30, 2026 under the same ticker symbol, with no action required from shareholders. The company said the move coincides with CalPrivate Bank’s 20th anniversary and is intended to strengthen market visibility, liquidity, credibility, access to capital and strategic flexibility. As of June 30, 2026, Private Bancorp of America reported $2.71 billion in assets, $2.13 billion in loans and $2.38 billion in deposits. For the quarter ended June 30, 2026, net income was $13.1 million and diluted earnings per share was $2.27.

Terms & Concepts
  • Form 10: A registration filing used by companies to register a class of securities with the SEC and become subject to public reporting requirements.
  • OTCQX: An over-the-counter market tier for established companies that trade outside major national exchanges such as Nasdaq or the NYSE.