Pacific City Bank

PCB Bancorp Announces Stock Repurchase Plan

Retrieved on: 
Thursday, July 28, 2022
Banking, Professional Services, Finance, Goal, Board, NASDAQ, Forward-looking statement, Time, Federal Reserve, Pacific City Bank, PCB, Federal, Program, Company, Board of directors, Securities Exchange Act of 1934

PCB Bancorp (the Company) (NASDAQ: PCB), the holding company of Pacific City Bank, announced that on July 28, 2022, its Board of Directors approved a repurchase program authorizing the repurchase of up to 5% of the Companys outstanding common stock as of the date of the board meeting through February 1, 2023, with repurchases to commence from August 2, 2022.

Key Points: 
  • PCB Bancorp (the Company) (NASDAQ: PCB), the holding company of Pacific City Bank, announced that on July 28, 2022, its Board of Directors approved a repurchase program authorizing the repurchase of up to 5% of the Companys outstanding common stock as of the date of the board meeting through February 1, 2023, with repurchases to commence from August 2, 2022.
  • Under the stock repurchase program, the Company may purchase shares of its common stock through various means such as open market transactions, including block purchases, and privately negotiated transactions.
  • Factors include, but are not limited to, stock price, trading volume and general market conditions, along with the Companys general business conditions.
  • As part of the stock repurchase program, the Company intends to enter into a trading plan adopted in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.

PCB Bancorp Declares Quarterly Cash Dividend of $0.15 Per Common Share

Retrieved on: 
Thursday, July 28, 2022
Banking, Professional Services, Board, NASDAQ, Pacific City Bank, PCB, Board of directors

PCB Bancorp (the Company) (NASDAQ: PCB), the holding company of Pacific City Bank (the Bank), announced that on July 28, 2022, its Board of Directors declared a quarterly cash dividend of $0.15 per common share.

Key Points: 
  • PCB Bancorp (the Company) (NASDAQ: PCB), the holding company of Pacific City Bank (the Bank), announced that on July 28, 2022, its Board of Directors declared a quarterly cash dividend of $0.15 per common share.
  • The dividend will be paid on or about August 19, 2022, to shareholders of record as of the close of business on August 12, 2022.
  • PCB Bancorp is the bank holding company for Pacific City Bank, a California state chartered bank, offering a full suite of commercial banking services to small to medium-sized businesses, individuals and professionals, primarily in Southern California, and predominantly in Korean-American and other minority communities.
  • View source version on businesswire.com: https://www.businesswire.com/news/home/20220728005116/en/

PCB Bancorp Receives Capital Investment Under the Emergency Capital Investment Program

Retrieved on: 
Tuesday, May 24, 2022
Banking, Professional Services, Finance, Senior, Company, NASDAQ, Omnibus spending bill, COVID-19, Consolidated Appropriations Act, 2021, Poverty, Pacific City Bank, U.S. Department of Defense Strategy for Operating in Cyberspace, ECIP, PCB, Series, Security (finance)

On May 24, 2022, PCB Bancorp (NASDAQ: PCB), a California corporation (the Company), the holding company of Pacific City Bank (the Bank), received a capital investment of $69.1 million from the U.S. Department of Treasury (the Treasury) under the Emergency Capital Investment Program (ECIP).

Key Points: 
  • On May 24, 2022, PCB Bancorp (NASDAQ: PCB), a California corporation (the Company), the holding company of Pacific City Bank (the Bank), received a capital investment of $69.1 million from the U.S. Department of Treasury (the Treasury) under the Emergency Capital Investment Program (ECIP).
  • The Company issued 69,141 shares of Senior Non-Cumulative Perpetual Preferred Stock, Series C, liquidation preference of $1,000 per share (Series C Preferred Stock) for the investment under the ECIP.
  • The Series C Preferred Stock is treated as tier 1 capital for the regulatory capital treatment.
  • The Series C Preferred Stock bears no dividend for the first 24 months following the investment date.

PCB Bancorp Declares Quarterly Cash Dividend of $0.15 Per Common Share

Retrieved on: 
Thursday, April 28, 2022
Banking, Professional Services, NASDAQ, Board, Board of directors, PCB, Pacific City Bank

PCB Bancorp (the Company) (NASDAQ: PCB), the holding company of Pacific City Bank (the Bank), announced that on April 28, 2022, its Board of Directors declared a quarterly cash dividend of $0.15 per common share.

Key Points: 
  • PCB Bancorp (the Company) (NASDAQ: PCB), the holding company of Pacific City Bank (the Bank), announced that on April 28, 2022, its Board of Directors declared a quarterly cash dividend of $0.15 per common share.
  • The dividend will be paid on or about May 20, 2022, to shareholders of record as of the close of business on May 13, 2022.
  • PCB Bancorp is the bank holding company for Pacific City Bank, a California state chartered bank, offering a full suite of commercial banking services to small to medium-sized businesses, individuals and professionals, primarily in Southern California, and predominantly in Korean-American and other minority communities.
  • View source version on businesswire.com: https://www.businesswire.com/news/home/20220428005238/en/

PCB Bancorp Declares Increased Quarterly Cash Dividend of $0.15 Per Common Share

Retrieved on: 
Thursday, January 27, 2022
Banking, Professional Services, Finance, Board, Board of directors, Pacific City Bank, Government, Company, Forward-looking statement, Goal, PCB, COVID-19, NASDAQ

PCB Bancorp (the Company) (NASDAQ: PCB), the holding company of Pacific City Bank (the Bank), announced that on January 27, 2022, its Board of Directors declared a quarterly cash dividend of $0.15 per common share.

Key Points: 
  • PCB Bancorp (the Company) (NASDAQ: PCB), the holding company of Pacific City Bank (the Bank), announced that on January 27, 2022, its Board of Directors declared a quarterly cash dividend of $0.15 per common share.
  • The dividend will be paid on or about February 18, 2022, to shareholders of record as of the close of business on February 11, 2022.
  • I am pleased to announce another increase in our quarterly cash dividend to $0.15 per common share from $0.12 per common share for the first quarter of 2022, said Henry Kim, President and Chief Executive Officer.
  • Actual results, performance or achievements could differ materially from those contemplated, expressed, or implied by the forward-looking statements.

Mr. Jeroen Tas Joins Zylorion as a Strategic Advisor and Observer to the Board of Directors

Retrieved on: 
Thursday, January 6, 2022
AB, VU University Medical Center, EDS, NASSCOM, Anxiety, Pacific City Bank, Internet, Director, Research, Company, Depression, NYSE, The Advisory Board Company, Intention, RTO, TRD, MDD, Phrase, Computer science, Information technology, PTSD, History, HP, Lists of diseases, Legislation, Board, News, Mental health, Technology, Post-traumatic stress disorder, Board of directors, European, COO, Multimedia, Pharmaceutical industry, Online shopping, Management, Michichi

Mr. Tas is the 2004 winner of the E&Y Entrepreneur of the Year award in the Information Technology category for the New York region.

Key Points: 
  • Mr. Tas is the 2004 winner of the E&Y Entrepreneur of the Year award in the Information Technology category for the New York region.
  • Mr. Tas is a native of the Netherlands and holds a Master's in Computer Science and Business Administration from the Vrije University, Amsterdam.
  • In his role as a Strategic Advisor and Board Observer, Mr. Tas will provide strategic guidance and advise the development and delivery of the Company's clinical, and technology enabled therapy programs.
  • Mr. Tas will also be acting as a non-voting observer to the Board of Directors.

PCB Bancorp is Eligible to Participate in the Emergency Capital Investment Program

Retrieved on: 
Thursday, December 16, 2021
Finance, Banking, Professional Services, White House, Federal Government, Public Policy, Government, Forward-looking statement, Government, Bank, Omnibus spending bill, Company, Pacific City Bank, COVID-19, Goal, ECIP, U.S. Department of Defense Strategy for Operating in Cyberspace, Consolidated Appropriations Act, 2021, Security (finance), Treasury

The Company has not yet determined whether it will accept the offer to receive the ECIP investment.

Key Points: 
  • The Company has not yet determined whether it will accept the offer to receive the ECIP investment.
  • If the Company moves forward with pursuing the ECIP investment from the Treasury, the Company would be required to fulfill certain conditions established by the Treasury and would be subject to certain restrictions following its acceptance of the investment.
  • These and other important factors are detailed in various securities law filings made periodically by the Company, copies of which are available from the Company without charge.
  • Actual results, performance or achievements could differ materially from those contemplated, expressed, or implied by the forward-looking statements.

PCB Bancorp Announces New Board Member

Retrieved on: 
Thursday, October 28, 2021
Banking, Professional Services, Finance, Woman, LLP, PCB, Technology, University, Fox Networks Group, Goal, PricewaterhouseCoopers, NASDAQ, Business administration, Government, Certified Public Accountant, University of Southern California, Pacific City Bank, Forward-looking statement, Strategic planning, Company, Board, COVID-19, Chung, Metal, Technology transfer, Cooper, Director, Bank, Financial services

PCB Bancorp (the Company) (NASDAQ: PCB), the holding company of Pacific City Bank (the Bank), today announced the appointment of Janice Chung to the Board of Directors of the Company and the Bank effective November 1, 2021.

Key Points: 
  • PCB Bancorp (the Company) (NASDAQ: PCB), the holding company of Pacific City Bank (the Bank), today announced the appointment of Janice Chung to the Board of Directors of the Company and the Bank effective November 1, 2021.
  • This appointment increases the membership of the Companys Board of Directors from eight to nine.
  • BIC Technologies Group has provided basic technology to build a number of specialized chemical plants in South Korea and China during the past 15 years.
  • Actual results, performance or achievements could differ materially from those contemplated, expressed, or implied by the forward-looking statements.

PCB Bancorp Declares Quarterly Cash Dividend of $0.12 Per Common Share

Retrieved on: 
Thursday, October 28, 2021
Banking, Professional Services, Finance, PCB, Pacific City Bank, NASDAQ, Board, Board of directors

PCB Bancorp (the Company) (NASDAQ: PCB), the holding company of Pacific City Bank (the Bank), announced that on October 28, 2021, its Board of Directors declared a quarterly cash dividend of $0.12 per common share.

Key Points: 
  • PCB Bancorp (the Company) (NASDAQ: PCB), the holding company of Pacific City Bank (the Bank), announced that on October 28, 2021, its Board of Directors declared a quarterly cash dividend of $0.12 per common share.
  • The dividend will be paid on or about November 19, 2021, to shareholders of record as of the close of business on November 12, 2021.
  • PCB Bancorp, formerly known as Pacific City Financial Corporation, is the bank holding company for Pacific City Bank, a California state chartered bank, offering a full suite of commercial banking services to small to medium-sized businesses, individuals and professionals, primarily in Southern California, and predominantly in Korean-American and other minority communities.
  • View source version on businesswire.com: https://www.businesswire.com/news/home/20211028005076/en/

Hanmi Financial Declares Cash Dividend of $0.12 per Share

Retrieved on: 
Thursday, July 29, 2021
Hanmi, Dividend, Pacific City Bank

LOS ANGELES, July 29, 2021 (GLOBE NEWSWIRE) -- Hanmi Financial Corporation (NASDAQ: HAFC) (Hanmi), the holding company for Hanmi Bank, today announced that its Board of Directors declared a cash dividend on its common stock for the 2021 third quarter of $0.12 per share.

Key Points: 
  • LOS ANGELES, July 29, 2021 (GLOBE NEWSWIRE) -- Hanmi Financial Corporation (NASDAQ: HAFC) (Hanmi), the holding company for Hanmi Bank, today announced that its Board of Directors declared a cash dividend on its common stock for the 2021 third quarter of $0.12 per share.
  • The dividend will be paid on August 26, 2021 to stockholders of record as of the close of business on August 9, 2021.
  • Headquartered in Los Angeles, California, Hanmi Financial Corporation owns Hanmi Bank, which serves multi-ethnic communities through its network of 35 full-service branches and 9 loan production offices in California, Texas, Illinois, Virginia, New Jersey, New York, Colorado, Washington and Georgia.
  • Hanmi Bank specializes in real estate, commercial, SBA and trade finance lending to small and middle market businesses.