Commonwealth Business Bank Announces the Appointment of Alvin D. Kang to Its Board of Directors

Commonwealth Business Bank Announces the Appointment of Alvin D. Kang to Its 
Board of Directors 
LOS ANGELES, CA -- (Marketwired) -- 08/30/13 --   Commonwealth
Business Bank (OTCQB: CWBB), a business-focused bank also known as
CBB Bank (the "Bank"), announced today that it has appointed Mr.
Alvin D. Kang to the Board of Directors of the Bank. The appointment
of Mr. Kang to the Company's Board of Directors is effective August
29, 2013. 
"We are delighted to have someone of Al's caliber join our Board,"
said Soon Han Pak, Chairwoman of the Board. "His leadership and
business experience will be a great benefit to the Bank and
strengthen the Board's oversight capabilities." 
Mr. Kang has extensive business experience in the banking and
financial services industry. He previously was the President of BBCN
Bancorp, Inc. and its subsidiary bank, BBCN Bank (December 2011 -
January 2013), and served in several executive officer capacities,
including as the President and Chief Executive Officer, of their
predecessor institutions, Nara Bancorp, Inc. and Nara Bank (July 2005
- November 2011). Previous to this, Mr. Kang was the Chief Operating
Officer and Chief Financial Officer of Broadway Financial Corporation
and Broadway Federal Bank (November 2001 - July 2005). Prior to his
banking position, Mr. Kang was a partner with KPMG, a major public
accounting firm, where his practice included auditing of, and
consulting with financial institutions. Mr. Kang earned a Bachelor of
Science in Accounting from California State University at Los
Angeles, California.  
Certain statements or information included in this press release
constitute forward-looking statements under applicable securities
legislation. Such forward-looking statements or information are based
on a number of assumptions which may prove to be incorrect. Although
the Bank believes that the expectations reflected in such
forward-looking statements or information are reasonable, undue
reliance should not be placed on forward-looking statements because
the Bank can give no assurance that such expectations will prove to
be correct. Forward-looking statements or information are based on
current expectations, estimates and projections that involve a number
of risks and uncertainties which could cause actual resul
ts to differ
materially from those anticipated by the Bank and described in the
forward-looking statements or information. The forward-looking
statements or information contained in this document are made as of
the date hereof and the Bank undertakes no obligation to update
publicly or revise any forward-looking statements or information,
whether as a result of new information, future events or otherwise,
unless so required by applicable securities laws. 
Kaye Kim 
EVP and CFO 
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