Margaret B. Wasserstein

The Private Bank of California is a community bank that provides services for high net worth individuals, family businesses, entrepreneurs, legal and financial professionals and their firms, and entertainment service businesses. It operates through three segments: Private banking, Entertainment banking and Business banking. The Private banking and Entertainment banking segments offer services that include checking and savings accounts, personal and business lines of credit, home equity lines of credit, online cash management and money market accounts. The Business segment offers working capital lines of credit, equipment or fixed asset financing, acquisition financing, ESOP financing and international and standby letters of credit. The bank also offers zero balance accounts, sweep accounts, courier services, foreign exchange services, merchant services and lockbox services. The Private Bank of California was founded by Richard A. Smith on October 24, 2005 and is headquartered in Los Angeles, CA.