Private Bank of California Opens

Los Angeles's newest bank, The Private Bank of California opened for business today in Century City following a record IPO.

LOS ANGLES (PRWEB) October 26, 2005 -- Los Angeles’s newest bank, The Private Bank of California, opened for business today in Century City.

The bank last month completed a record initial public offering for a new bank in California, raising $36.3 million in an oversubscribed IPO by 338 investors.

Steven D. Broidy, chairman, said he expects the investors also will be initial customers and will help develop other relationships among the bank’s primary markets -- high net worth individuals, business owners, legal and financial professionals and their firms and entertainment service businesses -- in West Los Angeles, Beverly Hills and Santa Monica.

“We have assembled an exceptional team of officers and employees,” Broidy said. “They are committed to give our customers unsurpassed personal service. The bank and its customers will especially benefit by the extensive experience of our senior management, including Charles D. Kenny, chief executive officer, and Richard Smith, president, both of whom have held leadership positions at successful Los Angeles banks,” said Broidy, a banking executive for 35 years who formerly was Vice Chairman of one of the city’s largest banks.

The offices of The Private Bank of California are on the 25th floor of 10100 Santa Monica Boulevard..

About The Private Bank of California: The Private Bank of California is a community bank offering unsurpassed personal service to customers in West Los Angeles, Beverly Hills and Santa Monica. They include high net worth individuals, business owners, legal and financial professionals and their firms and entertainment service businesses. Located on the 25th floor of 10100 Santa Monica Boulevard in Century City, the bank is managed by a team of officers who formerly held senior leadership positions at successful Los Angeles banks.

CONTACT:

Paul Spindler

Paul Spindler Company

310-286-0102

paul@spindlercompany.com

Steven D. Broidy

Chairman

The Private Bank of California

310-728-1951

sdbroidy@tpboc.com

Paul Spindler

Paul Spindler Company

1901 Avenue of the Stars Suite 200

Los Angeles, CA 90067

Ph: 310-286-0102; Fax: 310-461-1347

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