BBCN Announces Retirement of Bank President and CEO Soo Bong Min
LOS ANGELES, Jan. 15, 2014 (GLOBE NEWSWIRE) -- BBCN Bancorp, Inc.
(Nasdaq:BBCN) (the "Company") today announced the retirement of Soo Bong Min,
77, as President and Chief Executive Officer and a Director of its wholly
owned subsidiary, BBCN Bank (the "Bank").
"On behalf of the entire Board of Directors, we extend to Mr. Min our sincere
and grateful appreciation for his dedicated efforts during his term," said
Kevin S. Kim, Chairman and Chief Executive Officer of BBCN Bancorp, Inc."We
congratulate Mr. Min on his well-earned retirement, after a distinguished
50-plus year career in the financial services industry.Our best wishes to him
and his family for continued success, happiness and good health in the years
Effective immediately and until a permanent successor is named, BBCN Bancorp
Chairman and Chief Executive Officer Kevin S. Kim, 56, will serve as Interim
President and Chief Executive of the Bank.In this capacity, Mr. Kim will be
supported by a newly established Office of the Chairman, which will include
Chief Operating Officer Kyu S. Kim, Chief Retail Banking Officer Cha Y. Park,
Chief Financial Officer Douglas J. Goddard and Chief Credit Officer Mark H.
"At BBCN, our people are our greatest asset and a clear differentiator that
sets us apart from our peers.We believe we have the deepest and most
qualified bench of executives and managers within our community.The Board has
tremendous confidence that the overall leadership team at BBCN will continue
paving the way as pioneers in the Korean-American banking community, creating
value through mutually beneficial relationships with all of its constituents,"
said Kevin Kim.
About BBCN Bancorp, Inc.
BBCN Bancorp, Inc. is the parent 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 49 branches in California, New York,
New Jersey, Washington and Illinois, along with five loan production offices
in Seattle, Denver, Dallas, Atlanta and Northern California. 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.
CONTACT: Angie Yang
SVP, Investor Relations
BBCN Bancorp, Inc. Company Logo
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