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Korean American bank

Business

Min Kim to Lead Open Bank Board with Focus on Supportive Leadership

Min Kim, who has served as Open Bank’s president and CEO for the past 15 years, will step down on June 30 and assume...
Business

Open Bank reveals incoming CEO Sang-kyo Oh’s contract details

Open Bank has disclosed the employment terms for incoming CEO Sang-kyo Oh, according to a public filing made on May 29. The contract states that...
Business

Bank of Hope Secures Final Approval for Territorial Savings Merger

Bank of Hope has received final regulatory approvals for its merger with Territorial Savings Bank, a Hawaii-based financial institution. The merger is expected to...
Local

Hanmi Bank to close branch in Koreatown Plaza after 40 years of operation to improve efficiency

Hanmi Bank is closing its Koreatown Plaza (KTP) branch after more than 40 years. The bank recently sent a letter to its customers informing them...
Local

SoCal’s Korean-American Banks report annual net income of $308 million in 2023

Korean-American banks in Southern California posted sluggish profits in the fourth quarter amid tough business conditions but managed to maintain their assets, deposits, and...
Local

US Metro Bank opens new tailored banking service branch in LA Koreatown

  "Our goal is to provide quality financial services through personalized service and the teamwork of our employees." US Metro Bank has inaugurated its 8th service...
Local

$100 Million Sleeping at Korean Banks

A total of about $100 million is currently remaining untouched across Korean-American banks. The Korea Daily has investigated all nine Southern California-based Korean-American banks and...
Local

Against Bank of Hope’s Attractive Products Other Banks Respond with Their Own Sweet Deals

Los Angeles Koreatown-based banks are making an incessant effort to entice customers as a response to Bank of Hope, which launched less than two...

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