Andra R. Frazier, the Executive Vice President and Chief Compliance Officer of Private Bancorp of America, Inc., recently acquired 1,000 shares of the company’s common stock. This transaction, which occurred on October 21, 2026, is significant as it reflects the executive's confidence in the bank's future performance.

Private Bancorp of America, Inc. operates within the national commercial banks sector. The company is based in La Jolla, California, and is identified by the Central Index Key (CIK) number 0001705284. The most recent filing indicates that Frazier's transaction was reported on October 29, 2026, under the SEC filing type 4.

The filing details that Frazier now owns a total of 1,000 shares, all of which are classified as unvested restricted stock. These shares are set to vest in four equal installments on specific future dates, starting from October 16, 2027, to October 16, 2030. The shares are subject to forfeiture under certain conditions as outlined in the award agreement.

This acquisition may influence other executives within the banking sector to consider similar stock purchases, as aligning their interests with shareholders can be a strategic move. The filing does not specify any immediate next steps following this transaction.

Details of the Transaction

The transaction was classified under SEC Form 4, indicating it was a non-derivative transaction. The shares were acquired at a price of $0 per share, which is typical for restricted stock awards that are granted rather than purchased. Following this transaction, Frazier now holds a total of 1,000 shares, all of which are classified as unvested restricted stock.

Company Information

Private Bancorp of America, Inc. is incorporated in California and operates under the Standard Industrial Classification (SIC) code for national commercial banks, specifically 6021. The company’s fiscal year ends on December 31, and its business address is also located at 9404 Genesee Avenue, Suite 100, La Jolla, CA 92037. The company can be reached at the business phone number 858-875-6900.

Ownership Structure

Frazier's role as Executive Vice President and Chief Compliance Officer positions her as a key officer within the organization, although she is not classified as a director or a ten percent owner. This highlights her significant influence in the company's operations and compliance strategies.

"The shares are subject to forfeiture upon the occurrence of certain events as specified in the award agreement, adding an element of risk to the ownership of these shares."