The Private Bank Of California Expands Into Orange County

The Private Bank of California (the “Bank”) (OTCBB: PBCA) announces the opening of its full-service Orange County Office, which will cater to the Bank’s growing client base throughout Southern California. The premier Bank inaugurated its new location on Tuesday with an official Ribbon Cutting Ceremony and reception, held in conjunction with the Irvine Chamber of Commerce. This marks the Bank’s first branch to open outside of Los Angeles County.

“The Irvine Chamber is delighted to welcome The Private Bank of California to Orange County,” says Sam Murray, Chairman of the Board of the Irvine Chamber of Commerce. “We will benefit from having this quality, relationship-focused Bank in the area as they devote themselves to stimulating growth and supporting private individuals and private businesses in the community.”

The well-attended event brought together professionals and key figures from the local community. The Bank received acknowledgements and certificates from Scott Peotter, representing Assemblyman Allan Mansoor, Lou Penrose, of Congressman John Campbell’s Office, and Joe Sturgess, from Assemblyman Don Wagner’s Office.

“We appreciate the warm welcome and are very excited to share the benefits of our Bank with the community of Orange County,” said David Cobb, SVP & Regional Manager of the new office. “Having over 27 years of banking experience in Orange County, I am confident that our emphasis on high level, personal attention, customized banking solutions, and easy access to decision-makers will continue to resonate here.”

Also located at the branch is Joe Mauriello, who brings over 30 years of commercial banking experience to the team, and Mary Chilton who has over 34 years of experience in operations and project management.

When asked about the Bank’s decision to expand into Orange County, Chief Executive Officer David Misch says: “The Bank was already looking to expand and build upon its existing momentum…Orange County was a natural fit! Our expertise in Private and Business banking gives us a strong foundation from which to support the private individuals and businesses in this community.”

The Private Bank of California has enjoyed nearly seven successful years of delivering quality banking to quality clients. The Bank has grown organically to over $600 million in total assets with a strong regulatory capital base exceeding $50 million at March 31, 2012. To contact the Bank’s Orange County team call 949.975.8600 or visit the new office at 1920 Main Street, Suite 1140, Irvine, California 92614.

About The Private Bank of California

The Private Bank of California is a full-service depository financial institution that specializes in Private, Entertainment and Business Banking and caters to a select group of individuals and private companies. The Bank is a member of the Federal Deposit Insurance Corporation, chartered in California and administratively headquartered at 10100 Santa Monica Boulevard, Suite 2500, Los Angeles 90067. The Bank has Branch Offices in Century City (10100 Santa Monica Boulevard, Suite 2430, Los Angeles 90067) and Hollywood (7083 Hollywood Boulevard, Suite 650, Los Angeles 90028), as well as a Loan Production Office in Downtown Los Angeles (601 South Figueroa Street, Suite 1850, Los Angeles 90017). Additional information is available at or by calling 310.286.0710.

Copyright Business Wire 2010