Question 1

What is PCB Bank?

Accepted Answer

PCB Bank is a state-chartered community bank headquartered in Los Angeles, California, that specializes in serving the Korean-American community and small to medium-sized businesses. With over $3.3 billion in total assets, PCB Bank is the third-largest Korean-American bank in the United States, after Bank of Hope and Hanmi Bank.

The bank operates as a wholly-owned subsidiary of PCB Bancorp, a publicly traded company on the NASDAQ Global Select Market under the ticker symbol PCB. PCB Bank focuses on relationship-based banking with personalized service and deep cultural understanding of its target markets.

Question 2

When was PCB Bank founded?

Accepted Answer

PCB Bank was founded on September 18, 2003, in Los Angeles, California, under the original name Pacific City Bank. The bank was established with the mission of helping first-generation Asian-American immigrants achieve the American dream through business ownership and financial services.

Founding member Haeyoung Cho served as the bank's president and CEO through 2017, when Henry Kim succeeded her in leadership. On July 9, 2007, the bank underwent a reorganization whereby PCB Bancorp was established as the parent holding company. The institution rebranded from Pacific City Bank to PCB Bank on August 3, 2022, to better reflect its evolved identity and broader market presence.

Question 3

Where is PCB Bank headquartered?

Accepted Answer

PCB Bank is headquartered at 3701 Wilshire Boulevard, Suite 900, Los Angeles, California 90010. The headquarters moved to this location on December 1, 2015, and remains situated in the heart of Los Angeles' Koreatown, reflecting the bank's commitment to serving the Korean-American community.

Question 4

Where does PCB Bank operate?

Accepted Answer

PCB Bank operates approximately 19 branch offices across multiple states, with the strongest presence in California, where it maintains 11 branches. The bank also operates locations in New Jersey, New York, and Washington state.

Beyond its physical branches, PCB Bank maintains loan production offices in strategic markets including Bellevue, Washington; Denver, Colorado; Chicago, Illinois; Annandale, Virginia; and Atlanta, Georgia. This multi-state footprint allows the bank to serve Korean-American communities and small businesses throughout key metropolitan areas across the United States.

Question 5

What services does PCB Bank offer?

Accepted Answer

PCB Bank offers a comprehensive suite of commercial and personal banking products designed for small to medium-sized businesses and individuals. Lending services include commercial real estate loans, Small Business Administration (SBA) loans, small business loans and lines of credit, trade finance loans, residential mortgage loans, and auto loans.

The bank became a Preferred Lender of the U.S. Small Business Administration in 2017, demonstrating its commitment to supporting small business growth. Deposit products include checking accounts, savings accounts, money market accounts, and certificates of deposit (CDs).

Digital banking services provide customers with convenient access through online banking platforms and mobile banking applications, enabling account management, fund transfers, and bill payment capabilities. The bank emphasizes bilingual services with staff fluent in Korean and English to serve its core demographic effectively.

Question 6

What makes PCB Bank unique?

Accepted Answer

PCB Bank's primary distinction lies in its specialized focus on the Korean-American community, combining deep cultural understanding with bilingual capabilities to serve a traditionally underserved market segment. This cultural and linguistic specialization creates strong customer relationships built on trust and shared heritage.

The bank's relationship-based approach emphasizes personalized service and local market expertise rather than competing solely on price or product breadth. PCB Bank strategically positions its branches in areas with high concentrations of Korean-American residents and businesses, fostering authentic community connections.

As a publicly traded community bank, PCB Bank balances traditional relationship banking values with modern accountability and transparency. The institution has demonstrated strong financial performance with solid capitalization ratios and maintains its position as a significant player in the Korean-American banking sector while expanding its service reach to other minority communities and general small business markets.

Question 7

What type of financial institution is PCB Bank?

Accepted Answer

PCB Bank is classified as a State-Chartered Commercial Bank supervised by the Federal Deposit Insurance Corporation (FDIC). As a state-chartered, Fed non-member bank, it operates under California state banking regulations while maintaining FDIC insurance protection for depositors (Certificate #57463).

The institution functions as a Community Bank with a specialized niche focus, distinguishing itself from larger regional or national banks through its concentrated service model. PCB Bank's business model centers on community banking principles—accepting deposits, originating loans, and providing personalized financial services to a specific demographic and geographic market. This classification reflects the bank's commitment to serving local communities with tailored solutions rather than pursuing mass-market banking strategies.

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About PCB Bank in the United States