September 01, 2016 1:46 AM ET


Company Overview of Wilshire Bank

Company Overview

Wilshire Bank provides personal and commercial banking services. Its deposit products include checking, savings, and money market accounts; and certificates of deposit. The company’s portfolio of loans comprises home mortgages, such as fixed rate program, adjustable rate program, home equity line of credit, and mortgage programs; and commercial loans, small business administration loans, construction lending, and trade finance. Wilshire Bank also offers Visa credit cards, safe deposit boxes, and wire transfers; and mobile banking, Internet banking, and file transfer services. In addition, the company provides treasury management services, including collection, payment, and information report...

3200 Wilshire Boulevard

Suite 1400

Los Angeles, CA 90010

United States

Founded in 1980





Key Executives for Wilshire Bank

Chief Financial Officer, Executive Vice President, Chief Financial Officer of Wilshire Bancorp Inc and Executive Vice President of Wilshire Bancorp Inc
Age: 50
Chief Executive Officer of Wilshire Bancorp Inc. and President of Wilshire Bancorp Inc.
Age: 67
Senior Vice President and SBA Division Manager
Compensation as of Fiscal Year 2016.

Wilshire Bank Key Developments

Korean Nationals Sues Wilshire Bank over Fraud

A dozen Korean nationals sued Wilshire Bank for fraud, negligence and breach of contract. The bank had been on the periphery of legal actions brought against Lee and his associates, mentioned in cases filed by the Department of Justice and the California Bar Assn. But the investors now allege that the bank was complicit in the scam, which involved the EB-5 visa program that gives foreign investors permanent U.S. residency in exchange for investing in projects that create domestic jobs. The suit, filed in Los Angeles Superior Court, highlights the problems that have tarnished the federal visa program and reflects a growing tendency by investors to hold banks accountable for fraudulent activities, even if they are acting only as intermediaries. The investors allege that Wilshire Bank had a lengthy business relationship with Lee and employed one of his relatives -- facts they say should have been disclosed to investors. What's more, they allege that because of those relationships the bank permitted Lee to improperly transfer money out of investors' escrow accounts.

Elaine Jeon, Executive Vice President and Chief Operations Administrator of Wilshire Bank and Wilshire Bancorp, Inc. Notifies Her Resignation Effective February 22, 2016

On February 8, 2016, Elaine Jeon, Executive Vice President and Chief Operations Administrator of Wilshire Bank (the Bank) and Wilshire Bancorp Inc. (the company), notified the Bank and the company of her resignation effective February 22, 2016. Ms. Jeon's departure is not due to any disagreements with the Bank or the company.

Similar Private Companies By Industry

Company Name Region
1st Bank Of Sea Isle City United States
1st Financial Bank USA United States
1st Manatee Bank United States
1st National Bank United States
1st Trust Bank, Inc. United States

Recent Private Companies Transactions

No transactions available in the past 12 months.

The information and data displayed in this profile are created and managed by Capital IQ, a Standard & Poor's company. does not create or control the content. For inquiries, please contact Capital IQ directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
The Advertising Council, Inc. United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Wilshire Bank, please visit Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at