The Private Bank of California reported unaudited earnings results for the fourth quarter and full year ended December 31, 2009. For the quarter, the bank's net income was $308,000, compared to $133,000 for the same period in the prior year. The company reported net income available to common shareholders was $295,000 or $0.08 per basic share on net interest income of $2,555,000 compared to net income available to common shareholders was $133,000 or $0.04 per basic share on net interest income of $2,269,000 for the same quarter a year ago. Income before income taxes was $308,000compared to $133,000 for the same quarter a year ago. For the full year, the bank's net income was $208,000, a 94% improvement from the net income of $107,000 for the same period in 2008. The company reported net loss available to common shareholders was $58,000 or $0.02 per basic share on net interest income of $9,750,000 compared to net income available to common shareholders was $107,000 or $0.03 per basic share on net interest income of $8,526,000 for the previous year. Income before income taxes was $209,000 compared to $108,000 for the same previous year.

The Board of Directors of The Private Bank of California announced that David R. Misch has been named Chief Executive Officer. Also, R. Todd Neilson, a founding director of the Bank, has been named non-executive Chairman of the Board and Steven D. Broidy, current Chairman and Interim CEO, is to retire. Mr. Misch's appointment is effective January 4, 2010, and Mr. Neilson's appointment and Mr. Broidy's retirement as Chairman and a member of the Board are effective January 15, 2010. Dave Misch's background includes over twenty-five years of banking experience primarily supporting middle market businesses and their owners, high net worth individuals and professional service firms who advise both groups. He served as Chairman and CEO of Mellon 1st Business Bank from 2006 to 2008 which was at the time the seventh largest bank headquartered in Los Angeles and, subsequently, oversaw BNY Mellon's boutique private bank headquartered in Florida. In addition to his extensive line banking and executive management experience, Dave was also the Chief Credit Officer and the head of Corporate Strategy and Development for Mellon Bank NA prior to its merger with Bank of New York (BNY). Todd Neilson is a CPA and has served as the Chairman of the Bank's Audit Committee from its very first day of business. He has extensive experience in the accounting field and has a wide range of experience in various industries and business.

The Private Bank of California announced unaudited earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported net loss available to common shareholders of $58,000 or $0.02 per basic share compared to net income available to common shareholders of $82,000 or $0.02 per share for the same period last year, due to the impact of adjustments and declared dividends related to the preferred stock issued to the U.S. Department of Treasury in February 2009. The company reported income before income taxes of $67,000 and net interest income of $2,405,000 compared to income before income taxes of $82,000 and net interest income of $2,368,000 for the same period last year. The bank's net loss available to common shareholders for the nine months ended September 30, 2009 is $353,000 or $0.10 per basic share compared to net loss of $26,000 or $0.01 per basic share for the nine months ended September 30, 2008. The company reported loss before income taxes of $99,000 and net interest income of $7,195,000 compared to loss before income taxes of $25,000 and net interest income of $6,257,000 for the same period last year.

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