Monitor for any future conversion to Schedule 13D, which would signal activist intent. For now, the passive filing suggests a long-term investment view from a well-known San Diego investor.
Price Chart
Executive Summary
Ernest S. Rady and related entities (the Ernest Rady Trust, Insurance Company of the West, and American Assets Investment Management) filed a Schedule 13G disclosing aggregate beneficial ownership of 559,432 shares of Private Bancorp of America, Inc., representing 9.8% of outstanding common stock. The filing is passive (Rule 13d-1(d)) with no intent to influence control. This is a new 13G filing, not an amendment, and the stake is substantial at nearly 10%.
Key Financial Metrics
Key Facts
- Ernest S. Rady and related entities collectively own 559,432 shares (9.8% of outstanding) of Private Bancorp of America, Inc.
- The filing is a passive Schedule 13G under Rule 13d-1(d) — no activist intent.
- The stake is held through the Ernest Rady Trust (10,781 shares directly) and Insurance Company of the West (548,651 shares in a separately managed account advised by American Assets Investment Management).
- Percentage calculated based on 5,729,788 shares outstanding as of August 31, 2026.
- This is a new filing, not an amendment to a prior 13G.
Financial Impact
9.8% stake valued at approximately $[undisclosed] — no dollar value stated in filing.
Risk Factors
- Potential future conversion to 13D if Rady seeks board representation or strategic changes.
- Concentrated ownership near 10% could lead to future insider trading scrutiny or filing obligations.
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13G Filing (Primary) | 0001193125-26-401247 |
| Document: 0001193125-26-401247-index.html | 0001193125-26-401247 |
| Document: 0001193125-26-401247.txt | 0001193125-26-401247 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 16, 2026 11d ago | 8-K | $82.30 | awaiting T+20 | — | $85.20 (+3.52%) |
Sep 24, 2026 4w ago | SC 13G | $86.25 $85.99 | ▼ −0.30% | ▲ +1.17% | $85.20 (−1.22%) |
Sep 11, 2026 6w ago | 8-K | $91.20 $85.61 | ▼ −6.13% | ▼ −8.39% | $85.20 (−6.58%) |
Aug 17, 2026 10w ago | 8-K | $87.33 $91.15 | ▲ +4.37% | ▲ +5.36% | $85.20 (−2.44%) |
Aug 10, 2026 11w ago | 8-K | $85.61 $90.56 | ▲ +5.78% | ▲ +6.84% | $85.20 (−0.48%) |
Jul 29, 2026 12w ago | 3 | $83.50 $88.30 | ▲ +5.75% | ▲ +1.78% | $85.20 (+2.04%) |
US Market Status
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