PCB Bank
| Company type | Public |
|---|---|
| Industry | Banking |
| Founded | September 18, 2003 in Los Angeles, California, United States |
| Founder | Haeyoung Cho (founding member) |
| Headquarters | Los Angeles , United States |
Area served | United States (eight states) |
Key people | Henry Kim (President and CEO), Daniel Cho (Board member) |
| Products | Commercial banking, real estate financing, small business loans, credit lines, trade finance lending, automobile loans, residential mortgages, SBA-backed loans |
| Parent | Pacific City Financial Corporation |
| Website | www |
PCB Bank—previously known as Pacific City Bank—is a community-focused financial institution in the United States catering primarily to the Korean-American clientele in California. It provides a range of commercial banking solutions and operates branches across eight states, positioning itself as the third largest Korean-American bank, following Bank of Hope and Hanmi Bank.
History
Established on September 18, 2003, in Los Angeles, California, as a state-chartered bank, Pacific City Financial Corporation was formed on July 9, 2007. This corporation functions as the bank holding company, owning Pacific City Bank entirely as its subsidiary. On April 1, 2017, Daniel Cho became a member of the board of directors. Later that year, Henry Kim took over the roles of president and CEO from founding member Haeyoung Cho.
Overview
By 2017, PCB Bank maintained a network of 16 branches along with 7 loan production offices situated in strategic locations such as Lynwood and Bellevue in Washington; Denver, Colorado; Chicago, Illinois; Annandale, Virginia; Atlanta, Georgia; Orange County, California; and Bayside, New York. The institution primarily serves small to mid-sized enterprises by offering various financial products including real estate financing, small business loans and credit lines, trade finance lending, automobile loans, residential mortgages, and SBA-backed loans.