LOS ANGELES, August 27, 2021– (COMMERCIAL THREAD) – PCB Bancorp (the “Company” (NASDAQ: PCB), the holding company of Pacific City Bank (the “Bank”), has announced that the tenure of Mr. Henry Kim, President and Chief Executive Officer of the Company and Bank, will be extended from January 1, 2022 to December 31, 2026.
“I am delighted that our PCB Bancorp and Pacific City Bank boards voted unanimously to extend CEO Kim’s tenure for an additional five years. The extension is expected to ensure the continued stability of the Company and enable it to achieve its objectives for the benefit of our shareholders, the communities we serve and our employees, ”said Sang Young Lee, Chairman of the Board.
About PCB Bancorp
PCB Bancorp, formerly known as Pacific City Financial Corporation, is the banking holding company of Pacific City Bank, a chartered bank in the State of California, providing a full range of commercial banking services to small and medium-sized businesses, individuals and professionals, primarily in Southern California, and primarily in Korean-American and other minority communities.
Caution regarding forward-looking statements
This press release contains forward-looking statements. These forward-looking statements represent plans, estimates, objectives, goals, guidelines, expectations, intentions, projections and statements of our beliefs regarding future events, business plans, objectives, results operating expectations and the assumptions on which these statements are based. Forward-looking statements include, without limitation, any statement that may predict, predict, indicate or imply future results, performance or achievements, and are generally identified by words such as “may”, “could”, “should” “,” Will “,” would like “,” believe “,” anticipate “,” estimate “,” expect “,” aim “,” intend “,” plan “or words or phases of similar meaning. We caution that forward-looking statements are based in large part on our expectations and are subject to a number of known and unknown risks and uncertainties which are subject to change depending on factors which are, in many cases , beyond our control, including, but not limited to the actual performance of our borrowers’ payments as loan deferrals related to the COVID-19 pandemic expire, changes in laws, regulations or regulatory policies or practices due to or in response to the COVID-19 pandemic, including the potential negative impact of loan modifications and payment deferrals implemented in accordance with recent regulatory guidance, and general economic uncertainty caused by the COVID-19 pandemic, and government and society responses to it. These and other important factors are detailed in various documents filed periodically by the Company on securities laws, copies of which are available free of charge from the Company. Actual results, performance or achievements could differ materially from those envisaged, expressed or implied by forward-looking statements. All forward-looking statements presented here are made only as of the date of this press release, and we do not undertake to update or revise forward-looking statements to reflect changes in assumptions, the occurrence of unforeseen events. , or otherwise, except as required by law.
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Executive Vice President and Chief Financial Officer