| Item 1. | |
| (a) | Name of issuer:
Private Bancorp of America, Inc. |
| (b) | Address of issuer's principal executive offices:
9404 Genesee Avenue, Suite 100, La Jolla, CA 92037 |
| Item 2. | |
| (a) | Name of person filing:
Ernest Rady Trust U/D/T March 10, 1983 (the "Trust"), Ernest S. Rady, Insurance Company of the West ("ICW") and American Assets Investment Management, LLC ("AAIM" and, together with the Trust, Mr. Rady and ICW the "Reporting Persons"). |
| (b) | Address or principal business office or, if none, residence:
The principal business address for the Trust and AAIM is 3430 Carmel Moutain Road, Suite 150, San Diego, CA, 92121.
The principal business address for Mr. Rady is 3420 Carmel Mountain Road, Suite 100, San Diego CA, 92121.
The principal business address for ICW is 15025 Innovation Drive, San Diego, CA, 92128.
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| (c) | Citizenship:
The Trust is formed and established in the State of California. Mr. Rady is a citizen of the United States. ICW is organized in the State of California. AAIM is incorporated in Delaware. |
| (d) | Title of class of securities:
Common Stock, no par value per share |
| (e) | CUSIP No.:
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| Item 3. | If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: |
| (a) |  Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
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| (b) | Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
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| (c) | Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
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| (d) | Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
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| (e) | An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
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| (f) | An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
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| (g) | A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
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| (h) | A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
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| (i) | A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
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| (j) | A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
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| (k) | Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
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| Item 4. | Ownership |
| (a) | Amount beneficially owned:
Row 9 of each Reporting Person's cover page to this Schedule 13G sets forth the aggregate number of shares of Common Stock of the Issuer beneficially owned by such Reporting Person and is incorporated by reference.
The information set forth in Row 9 on the cover page for the Trust includes (a) 10,781 shares of Common Stock held by the Trust and (b) 548,651 shares of Common Stock held by ICW, for which the Trust may be deemed to have dispositive power by virtue of its role as the Managing Member of AAIM, which serves as the investment adviser to ICW.
The information set forth in Row 9 on the cover page for Mr. Rady includes (a) 10,781 shares of Common Stock held by the Trust, for which Mr. Rady serves as the sole trustee and (b) 548,651 shares of Common Stock held by ICW, which is indirectly controlled by Mr. Rady by virtue of Mr. Rady's positions at AAIM as Chief Executive Officer of AAIM and Trustee of the Managing Member of AAIM, which serves as the investment adviser to ICW and for which Mr. Rady may be deemed to have dispositive power.
The information set forth in Row 9 on the cover page for AAIM includes 548,651 shares of Common Stock held by ICW, for which AAIM serves as the investment adviser with trading authority, including discretionary power to dispose of the shares.
Collectively, the Reporting Persons beneficially own an aggregate of 559,432 shares of Common Stock of the Issuer.
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| (b) | Percent of class:
Row 11 of each Reporting Person's cover page to this Schedule 13G sets forth the percentage of the shares of Common Stock beneficially owned by such Reporting Person based on 5,729,788 shares of Common Stock outstanding as of August 31, 2026, as reported in the Issuer's Quarterly Report on Form 10-Q filed with the SEC on September 4, 2026, and is incorporated by reference.
Collectively, the Reporting Persons beneficially owned 9.8% of the Issuer's outstanding Common Stock as of August 31, 2026.
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| (c) | Number of shares as to which the person has:
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| | (i) Sole power to vote or to direct the vote:
Row 5 of each Reporting Person's cover page to this Schedule 13G sets forth the sole power to vote or to direct the vote of the securities of the Issuer beneficially owned by such Reporting Person and is incorporated by reference.
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| | (ii) Shared power to vote or to direct the vote:
Row 6 of each Reporting Person's cover page to this Schedule 13G sets forth the shared power to vote or to direct the vote of the securities of the Issuer beneficially owned by such Reporting Person and is incorporated by reference.
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| | (iii) Sole power to dispose or to direct the disposition of:
Row 7 of each Reporting Person's cover page to this Schedule 13G sets forth the sole power to dispose or to direct the disposition of the securities of the Issuer beneficially owned by such Reporting Person and is incorporated by reference.
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| | (iv) Shared power to dispose or to direct the disposition of:
Row 8 of each Reporting Person's cover page to this Schedule 13G sets forth the shared power to dispose or to direct the disposition of the securities of the Issuer beneficially owned by such Reporting Person and is incorporated by reference.
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| Item 5. | Ownership of 5 Percent or Less of a Class. |
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Not Applicable
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| Item 6. | Ownership of more than 5 Percent on Behalf of Another Person. |
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If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
Ernest S. Rady has the power to direct the receipt of dividends relating to, or the disposition of the proceeds of the sale of, all of the Shares held by ERT as reported herein.
Ernest S. Rady and AAIM have the power to direct the receipt of dividends relating to, or the disposition of the proceeds of the sale of, all of the Shares held by ICW as reported herein.
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| Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. |
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Not Applicable
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| Item 8. | Identification and Classification of Members of the Group. |
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Not Applicable
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| Item 9. | Notice of Dissolution of Group. |
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Not Applicable
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Rule 13d-1(d)