BBCN Bancorp Appoints Daniel Kim as EVP and Chief Planning Officer
LOS ANGELES, Nov. 7, 2013 (GLOBE NEWSWIRE) -- BBCN Bancorp, Inc. (the
"Company") (Nasdaq:BBCN), the holding company of BBCN Bank (the "Bank"), today
announced that Daniel Kim will join the Company as Executive Vice President
and Chief Planning Officer effective November 25, 2013. Heading the holding
company's strategic planning department established earlier this year, Mr. Kim
will work closely with Chairman and Chief Executive Officer Kevin S. Kim in
the areas of mergers and acquisitions, business line and revenue
diversification and capital management strategy.
Daniel Kim, 46, currently serves as Executive Vice President, Chief Financial
Officer and Corporate Secretary of Saehan Bancorp, Inc. (OTCQB:SAEB), which
recently announced that its shareholders approved the completion of a merger
with Wilshire Bancorp, Inc. (Nasdaq:WIBC). Having joined Saehan in September
2003, Mr. Kim directly supervises and provides oversight of numerous
departments within the organization, including accounting/investment, central
operations administration, human resources, IT, compliance and BSA.In
addition, Mr. Kim has served as Acting President of Saehan during the interim
periods of October 2010 through April 2011 and since November 1, 2013.From
May 1997 to August 2003, Mr. Kim served as First Vice President and Manager of
the accounting, corporate planning and investment departments of the former
Pacific Union Bank, during which time he successfully consummated an initial
public offering.Mr. Kim began his banking career in June 1991 at the former
Center Bank, where he last served as Assistant Vice President and
Accounting/Investment Officer.Center Bank merged with Nara Bank in November
2011 to become BBCN Bank.Mr. Kim earned his B.A. degree in economics/business
from the University of California, Los Angeles.
"With more than 22 years of direct experience in the Southern California
Korean-American banking sector, Daniel Kim is highly regarded in the community
for his strong analytical and interpersonal skills," said Kevin S. Kim,
Chairman and Chief Executive Officer of BBCN Bancorp, Inc."We expect his
extensive experience with oversight of many operational areas of banking will
be of tremendous value to BBCN as we make progress enhancing BBCN's position
as the premier Korean-American bank in the nation.The entire management team
of BBCN looks forward to welcoming Daniel back to the organization as an
integral member of our executive leadership."
About BBCN Bancorp, Inc.
BBCN Bancorp, Inc. is the holding company of BBCN Bank, the largest
Korean-American bank in the nation with $6.3 billion in assets as of September
30, 2013. Headquartered in Los Angeles and serving a diverse mix of customers
mirroring its communities, BBCN operates 50 branches in California, New York,
New Jersey, Illinois, Washington and Virginia, along with six loan production
offices in Seattle, Denver, Dallas, Atlanta, Northern California and
Annandale, Virginia. BBCN specializes in core business banking products for
small and medium-sized businesses, with an emphasis in commercial real estate
and business lending, SBA lending and international trade financing. BBCN Bank
is a California-chartered bank and its deposits are insured by the FDIC to the
extent provided by law. BBCN is an Equal Opportunity Lender.
This press release contains forward-looking statements, including statements
about future operations and projected full-year financial results that are
subject to risks and uncertainties that could cause actual results to differ
materially from those expressed or implied by such forward looking statements.
These risks and uncertainties include but are not limited to economic,
competitive, governmental and technological factors affecting the Company's
operations, markets, products, services, and pricing. Readers should carefully
review the risk factors and the information that could materially affect the
Company's financial results and business, described in documents the Company
files from time to time with the Securities and Exchange Commission, including
its quarterly reports on Form 10-Q and Annual Reports on Form 10-K, and
particularly the discussions of business considerations and certain factors
that may affect results of operations and stock price set forth therein.
Readers are cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date of this press release. The Company
undertakes no obligation to revise or publicly release the results of any
revision to these forward-looking statements.
CONTACT: Angie Yang
SVP, Investor Relations
BBCN Bancorp, Inc. Company Logo
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