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Private Bancorp of America, Inc. Provides Additional Information on Recent Buyback of 9.9% of Common Stock

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LA JOLLA, CA--(Marketwired - Nov 18, 2015) - Private Bancorp of America, Inc. ("the Company"), the holding company for San Diego Private Bank (OTCQB: SDPB), announced November 18, 2015, that it has completed a buyback of 400,000 shares of the Company's common stock. The buyback program was financed through a portion of a new $8.0 million ten-year loan. Following the buyback, the Company had approximately 3.8 million shares of stock outstanding. The 400,000 shares were...

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