Private Bancorp of America, Inc. — Form 8-K
Filed September 11, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 28/100
What the filing says
CalPrivate Bank (subsidiary of Private Bancorp of America, Inc., ~$2.7B assets) hired Cory Stewart as Chief Financial Officer effective September 5, 2026, on a three-year agreement. Base salary: $425,000 annually with 40% bonus target and 40% long-term equity awards. Severance: 18 months base salary if terminated without cause; 24 months plus full target bonus if terminated within one year of a change-in-control. Agreement includes standard confidentiality, non-compete (8 months post-employment), and mandatory arbitration provisions.
Why this rating
CFO hire is routine personnel action. $425K salary is ~0.016% of $2.7B assets—immaterial in company scale. Standard employment terms present no material financial risk or opportunity.
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