Richard A. Smith Elected President and Director Of The Private Bank of California

President elected for newest bank in Los Angeles.

Los Angeles, CA (PRWEB) November 4, 2005 -- Richard A. Smith, a senior officer at West Los Angeles banks over the past 25 years, has been elected President and a Director of The Private Bank of California in Century City.

The Private Bank of California opened for business on October 24 following a record initial public offering totaling $36.3 million, the largest IPO ever for a new bank in California.

For the past five years Smith has headed the private banking group at the Beverly Hills office of one of the country’s largest banks.

“Richard Smith is the ideal banker to serve as President of the Private Bank of California,” said Charles D. Kenny, chief executive officer. “Richard was one of the early architects of relationship banking. He recognized the importance of personal service in serving the banking needs of customers. That commitment has been validated over the years by the loyalty and following he has engendered with customers. At The Private Bank of California, Richard’s presence will ensure that our customers receive unsurpassed personal service.”

Smith and his wife, Dana, live in Sherman Oaks. He was graduated from the University of Denver with a Bachelor of Science degree in Business Administration.

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

Steven D. Broidy, Chairman

The Private Bank of CA

310-728-1951

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