PCB Bank

PCB Bank, formerly known as Pacific City Bank, is an American community-bank brand focused on the Korean-American market and on small and medium-sized businesses. The institution was established as a state-chartered bank in Los Angeles, California, on September 18, 2003. Its original market orientation connected it to the financial needs of Korean-American entrepreneurs, households, and commercial property owners, while its product range extended beyond a narrowly ethnic banking proposition into conventional community-bank services. The bank provides commercial banking and credit products including real-estate loans, small-business loans, lines of credit, trade-finance loans, automobile loans, residential mortgages, and Small Business Administration loans. Its business model combines relationship banking with geographically distributed branch and loan-production operations. According to the available reference material, the bank served customers through locations in California and several other U.S. states, including Washington, Colorado, Illinois, Virginia, Georgia, and New York. The referenced 2017 operating profile listed 16 branch offices and seven loan-production offices, indicating a network built to support both local deposit gathering and lending outside its original Southern California base. The institution's corporate structure was formalized in 2007, when Pacific City Financial Corporation was established as a bank holding company and Pacific City Bank became its wholly owned subsidiary. The bank later adopted the PCB Bank name, while the former Pacific City Bank name remains an important historical alias. The rebranding distinguishes the customer-facing institution from its earlier identity while retaining continuity with the holding-company structure. Leadership changes marked another important stage in the bank's development. Daniel Cho joined the board of directors in April 2017. Haeyoung Cho, identified in the reference material as a founding member of the bank, retired at the end of 2017, after which Henry Kim was appointed president and chief executive officer of both the company and the bank. The available material does not provide enough information to establish the complete current executive roster, ownership details, financial performance, or present branch count. PCB Bank is described in the reference material as the third-largest Korean-American bank, behind Bank of Hope and Hanmi Bank. Its positioning is therefore best understood as that of a specialized U.S. community bank with a Korean-American heritage and customer focus, rather than as a mass-market national retail bank. The available sources support a profile centered on commercial relationships, immigrant and ethnic-community entrepreneurship, real-estate finance, and government-supported small-business lending. Detailed information about later expansion, current branding, recent products, campaigns, financial results, and present-day corporate governance requires additional verification.

PCB Bank originated in Los Angeles as Pacific City Bank, a state-chartered institution founded on September 18, 2003. Its initial identity was closely associated with the Korean-American community in California. The bank was created to provide relationship-oriented banking and credit services to customers whose needs were often connected to small-business ownership, commercial real estate, family enterprises, and other forms of community-based economic activity. The bank's scope was broader than deposit-taking alone. Its commercial offering included real-estate financing, small-business loans, revolving lines of credit, trade-finance loans, automobile loans, residential mortgages, and SBA loans. This combination allowed it to serve business and household borrowers while retaining a strong emphasis on commercial relationships. The bank's customer base included small and medium-sized businesses, particularly those seeking a lender familiar with the Korean-American business community. A significant corporate milestone occurred on July 9, 2007, when Pacific City Financial Corporation was formed as a bank holding company. Pacific City Bank became the holding company's wholly owned subsidiary. This structure separated the banking subsidiary from the corporate parent and provided the framework for the institution's subsequent development. The customer-facing bank later became known as PCB Bank, although Pacific City Bank remains its former name and an important part of its history. By 2017, the institution had expanded beyond its original Los Angeles base. The available reference describes 16 branches and seven loan-production offices, with operations or offices in California as well as Washington, Colorado, Illinois, Virginia, Georgia, and New York. Named locations included Lynwood, Bellevue, Denver, Chicago, Annandale, Atlanta, Orange County, and Bayside. The network supported commercial lending across multiple U.S. markets while preserving the bank's community-bank orientation. Governance also changed in 2017. Daniel Cho was appointed to the board of directors on April 1. Haeyoung Cho, described as a founding member, retired at the end of that year. Henry Kim succeeded her as president and chief executive officer of both Pacific City Financial Corporation and the bank. These changes represented a transition from founding-era leadership to a subsequent management phase. The available material characterizes PCB Bank as the third-largest Korean-American bank, after Bank of Hope and Hanmi Bank. That description places the institution within a specialized competitive segment of American banking, where community identity, multilingual relationship management, commercial credit expertise, and geographic reach can be important differentiators. The available sources do not establish later milestones, current ownership, present executive status beyond the referenced period, current financial data, or the exact timing and rationale of the PCB Bank name change.

• 2017

  Board appointment and chief executive succession

  [1]PCB Banken.wikipedia.org

  Daniel Cho joined the board in April, and Henry Kim succeeded founding member Haeyoung Cho as president and chief executive officer at the end of the year.

• 2007

  Holding company established

  [1]PCB Banken.wikipedia.org

  Pacific City Financial Corporation was formed as a bank holding company, with Pacific City Bank as its wholly owned subsidiary.

• 2003

  Bank founded in Los Angeles

  [1]PCB Banken.wikipedia.org

  Pacific City Bank was established as a state-chartered bank in Los Angeles, California, on September 18, 2003.

A Korean-American-focused U.S. community bank serving entrepreneurs, small and medium-sized businesses, and retail borrowers through relationship-based commercial banking and lending.

• Business banking

  Commercial banking

  PCB Bank's core proposition is relationship-based commercial banking for small and medium-sized businesses. The offering is associated with business deposits, credit relationships, and lending support for companies operating in the Korean-American community and other local commercial markets.

• Commercial lending

  Real-estate loans

  Real-estate financing is one of the bank's identified lending categories. It supports borrowers whose businesses or investment activities are connected to commercial property and related real-estate needs.

• Small-business lending

  Small-business and SBA loans

  The bank offers direct small-business loans and Small Business Administration loans. These products are suited to entrepreneurs and smaller companies seeking financing for operations, expansion, equipment, property, or other eligible business purposes.

• Commercial credit

  Business lines of credit

  Lines of credit provide revolving access to business capital and complement the bank's term-loan products. The available reference identifies them as part of PCB Bank's commercial offering, although detailed terms and eligibility requirements are not provided.

• Trade finance

  Trade-finance loans

  Trade-finance loans are listed among the bank's products and are relevant to businesses involved in domestic or international commerce. The available source does not specify the individual instruments, transaction types, or markets covered.

• Consumer lending

  Residential mortgages and auto loans

  PCB Bank also provides residential mortgage loans and automobile loans, extending its activities beyond commercial borrowers to selected household-finance needs.

• 2017

  Leadership succession following founding-era retirementOther

  Background

  Haeyoung Cho, identified as a founding member of the bank, retired at the end of 2017.

  Action taken

  Henry Kim was appointed president and chief executive officer of both Pacific City Financial Corporation and the bank.

  Aftermath

  The appointment transferred chief executive responsibility to a successor while the bank continued its community and commercial-banking activities.

  Source

• 2007

  Creation of a bank holding companyStrategy

  Background

  The institution had operated as Pacific City Bank since its founding in Los Angeles in 2003.

  Action taken

  Pacific City Financial Corporation was established on July 9, 2007, and the bank became its wholly owned subsidiary.

  Aftermath

  The transaction created the corporate structure under which the banking business operated and preceded the later PCB Bank identity.

  Source

• 2017

  Daniel Cho appointed to the board[1]PCB Banken.wikipedia.org

  Leadership change

  Daniel Cho joined Pacific City Bank's board of directors on April 1, 2017.

• 2017

  Henry Kim appointed chief executive after Haeyoung Cho's retirement[1]PCB Banken.wikipedia.org

  Leadership change

  Henry Kim was appointed president and chief executive officer of the holding company and bank following Haeyoung Cho's retirement at the end of 2017.

• 2007

  Pacific City Financial Corporation established as bank holding company[1]PCB Banken.wikipedia.org

  Other

  Pacific City Financial Corporation was established on July 9, 2007, and Pacific City Bank became its wholly owned banking subsidiary.

1. 1PCB Banken.wikipedia.org