PBAM Private Bancorp of America Inc (QX)

Maria P. Kunac, President and Chief Executive Officer of San Diego Private Bank (OTCQB: SDPB), announced today the bank's condition and results of operations for second quarter 2013. This is the first quarterly report of the combined Coronado First Bank and San Diego Private Bank since the merger completed April 2, 2013.

Based on unaudited financial results for the second quarter ended June 30, 2013, San Diego Private Bank reported net profit of $253,000 for the quarter, after merger related expenses and accounting adjustments.

Maria P. Kunac, President and CEO, stated, "We are very pleased with the progress of integrating San Diego Private Bank and Coronado First Bank. With increased credit capacity and expanded service offerings through our branches in Coronado, downtown San Diego, La Jolla and Newport Beach, as well as our SBA Office in San Marcos, we saw an increase in both loans and deposits this quarter. We expect to build on this momentum in the third quarter as southern California economic fundamentals improve."

                           San Diego Private Bank
                                Balance Sheet
                         (Unaudited - 000's Omitted)

                                                June 30, 2013  June 30, 2012
Assets
Cash and Cash Equivalents                       $      80,645  $      35,703
Investments                                            20,131          6,707
Loans, Net                                            201.360        110,717
Premises, Equipment and Other Assets                   11,204          6,543
                                                -------------  -------------
  Total Assets                                  $     313,340  $     159,670
                                                =============  =============

Liabilities and Shareholders' Equity
Demand Deposits                                        84,052         16,704
Interest Bearing Deposits                             167,854        103,336
                                                -------------  -------------
  Total Deposits                                      251,906        120,041

FHLB Advances / Borrowings                             13,242         10,000
Other Liabilities                                       2,382          1,640
Shareholders' Equity                                   45,810         27,989
                                                -------------  -------------
  Total Liabilities and Shareholders' Equity    $     313,340  $     159,670
                                                =============  =============



                           San Diego Private Bank
                              Income Statements
                         (Unaudited - 000's Omitted)

                          3 months      6 months      3 months      6 months
                            ending        ending        ending        ending
                     June 30, 2013 June 30, 2013 June 30, 2012 June 30, 2012
Interest Income
Interest Income              3,121         5,051         1,961         3,993
Interest Expense               326           603           273           527
                     ------------- ------------- ------------- -------------
  Net Interest
   Income                    2,795         4,448         1,688         3,466
Provision for Loan
 Losses                        173           240           181           186
                     ------------- ------------- ------------- -------------
  Net Interest
   Income after
   Provision for
   Loan Losses               2,622         4,208         1,507         3,280
Other Income                   660           835           165           202
Operating Expenses           2,824         3,946         1,101         2,485
                     ------------- ------------- ------------- -------------
  Operating Income             458         1,097           571           997
Income Taxes                   215           521           242           424
                     ------------- ------------- ------------- -------------
  Net Earnings       $         243 $         576 $         329 $         573
                     ============= ============= ============= =============

Selected Ratios:
Earnings Per Share   $        0.06 $        0.17 $        0.12 $        0.22
(Weighted Average
 Shares)
Tangible Book Value
 Per Share                         $       11.15               $       10.77
Tier 1 Leverage
 Ratio                                    14.08%                      16.58%
Total Risk Based
 Capital Ratio                            21.22%                      23.83%

Asset Quality
(Non-Performing
 Assets + 90 Days
 Past Due Accruing)
 divided by (Equity
 + Allowance for
 Loan Losses)                              2.80%                       1.56%

San Diego Private Bank is publicly traded on the Over-the-Counter Bulletin Board, ticker symbol: "SDPB". Total shares outstanding of San Diego Private Bank stock are 4,053,809 as of 6/30/13.

This press release may include forward-looking statements that involve inherent risks and uncertainties, including the anticipated benefits to be achieved as a result of the merger, the successful integration of the two banks, the equity capital of the combined bank, the potential returns on investment of shareholders, economic conditions and competition in the geographic and business areas in which the Bank operates, inflation, fluctuations in interest rates, legislation and governmental regulation. These statements are subject to risks and uncertainties and actual results could differ materially due to certain risk factors. You should not place undue reliance on forward-looking statements and we undertake no obligation to update those statements whether as a result of changes in underlying factors, new information, future events or otherwise.

Investor Relations Contact Maria P. Kunac President and Chief Executive Officer San Diego Private Bank (858) 875.6900 www.sandiegoprivatebank.net