Pacific City Bank

Pacific City Bank is an American community bank that focuses on the Korean-American community based in California and offers commercial banking services. It has branches in 8 states and is the third largest Korean American Bank after Bank of Hope and Hanmi Bank.[3]

Pacific City Financial Corporation
TypePublic
NASDAQ: PCB
IndustryBanking
Founded2003
HeadquartersLos Angeles, California
Key people
Henry Kim, president and chief executive officer
Revenue$67.2 million (2017)[1]
Korean name
Hangul
태평양 은행[2]
Hanja
太平洋銀行
Revised RomanizationTaepyeong-yang Eunhaeng
McCune–ReischauerT'aepyŏng'yang Ŭnhaeng
Websitewww.paccity.net/EN/Home

History

The bank was founded as a state-chartered bank on September 18, 2003, in Los Angeles, California.[4] On July 9, 2007, Pacific City Financial Corporation was established and became a bank holding company with Pacific City Bank become a wholly owned subsidiary.[5] Daniel Cho was appointed to Pacific City Bank’s board of directors on April 1, 2017.[6] Henry Kim was appointed to succeed Haeyoung Cho, a founding member of the bank, as president and chief executive officer of the company and the bank upon her retirement at the end of 2017.[7]

Overview

Pacific City Bank currently operates 12 branch offices and 8 loan production offices in Lynwood and Bellevue, Washington; Denver, Colorado, Chicago, Illinois; Annandale, Virginia; Atlanta, Georgia; Orange County, California; and Bayside, New York for small to medium-size businesses and offers real estate loans, small business loans and lines of credit, trade finance loans, auto loans, residential mortgage loans, and SBA loans.[6]

References
  1. "PFCF Income Statement - PACIFIC CITY FINL Stock - Yahoo Finance". finance.yahoo.com.
  2. 조환동 [Jo Hwan-dong] (2017-12-17). "태평양 은행 헨리 김 차기 행장 '1.5세·2세 지원 프로그램 확대'" [Henry Kim, Next CEO of Pacific City Bank: 'expand support programs for 1.5 and second generation']. Korea Times. Retrieved 2018-05-15.
  3. Koren, James Rufus. "Two Koreatown banks to unite, but a rival hopes to block the merger". latimes.com.
  4. Premiant, Pacific City Bank, TEN Advertisement. "About - About Us - Pacific City Bank". www.paccity.net.
  5. Premiant, Pacific City Bank, TEN Advertisement. "About - Investor Relations - Pacific City Bank". www.paccity.net.
  6. "Pacific City Bank Announces New Board Member".
  7. "Pacific City Financial Corporation Announces Henry Kim to Succeed as President and Chief Executive Officer".
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