LOS ANGELES--(BUSINESS WIRE)-- Following the adjournment of
the annual meeting of stockholders of BBCN Bancorp, Inc.
(NASDAQ: BBCN) ("Company"), the Company appointed Kevin S.
Kim, age 55, as Chairman and Scott Yoon-suk Whang, age 66,
as Vice Chairman of the boards of the bank holding company
and its wholly owned subsidiary, BBCN Bank ("Bank"),
In appreciation of their leadership over the years and
since the formation of BBCN, former Chairman Ki Suh Park,
age 80, and former Vice Chairman Chang Hwi Kim, age 69, who
will remain Directors of the Company and Bank, were given
the titles of Honorary Chairman and Honorary Vice Chairman
of the Company, respectively.
These appointments did not change the number of Directors
sitting on the Board, which remains at 13.
Honorary Chairman Ki Suh Park commented, "BBCN has made
greater than anticipated progress in the first six months
since formation implementing its strategic initiatives and
bringing forth the synergies of the merger. In light of
this progress, the new appointments of Chairman and Vice
Chairman are being made sooner than originally planned.
Kevin and Scott played critical roles on numerous fronts in
the creation of BBCN, and we look forward to their
continued leadership as we all work together with the
management toward our vision of becoming the nation's
premier Asian American bank."
About BBCN Bancorp, Inc.
BBCN Bancorp, Inc. is the parent company of BBCN Bank, the
largest Korean American bank in the nation with $5.2
billion in assets as of March 31, 2012. The Company is a
result of the merger of equals of Nara Bancorp, Inc. and
Center Financial Corporation completed on November 30,
2011. Headquartered in Los Angeles and serving a diverse
mix of customers mirroring its communities, BBCN operates
41 branches in California, New York, New Jersey, Washington
and Illinois, along with three loan production offices in
Seattle, Denver and Dallas. 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.
BBCN Bancorp, Inc.
Investors and Financial Media:
SVP, Investor Relations