Founded in 1986, BBCN Bank serves the largest Korean community outside of Korea, as well as a diverse mix of customers with more than $6.2 billion in assets. Headquartered in Los Angeles, BBCN Bank has grown to serve customers in nearly 50 full-service branches throughout California, New York, New Jersey, Washington, Illinois and Virginia, along with six loan production offices in Seattle, Denver, Dallas, Atlanta, Virginia and Northern California. Customers also enjoy the convenience of access to BBCN Bank's ATM network. The community bank's expertise lies in small business lending, C&I lending, and international trade finance.
BBCN Bank offers core banking products for small and medium-sized businesses, helping clients meet their business banking and financial service needs. Whether you only need a simple checking account that requires a small minimum balance, or a full-service interest-earning account, you will find a solution that fits your personal or business needs. BBCN also offers savings, money market accounts, CDs and more with online services so that you can manage your accounts with ease. Whatever your lending needs are, BBCN has a loan solution for you or your business. Additional business services include cash management and trade services.
BBCN Bank (FDIC certificate 26610) was established in 1986 and operates through 53 branch offices located in 15 counties in CA, IL, NJ, NY, VA and WA. Mr. Kevin S. Kim, President & CEO of BBCN Bank, leads a team of 938 employees.The bank's parent holding company, BBCN BANCORP, INC. is based in Los Angeles, CA.
BBCN Bank, headquartered in Los Angeles, CA, is rated five stars for financial strength by BauerFinancial, Inc., the nation’s leading bank rating firm. As a general rule, a five star rating indicates, among other things, that BBCN Bank has at least twice the capital that regulators require, is profitable (or operating with a very small loss) and has kept its delinquent loans in check.
BBCN Bank is a state chartered commercial bank and not a member of Federal Reserve. With $8 billion in total assets, the FDIC classifies the bank’s asset concentration as "Commercial Lenders" which is defined as institutions whose commercial and industrial loans, plus real estate construction and development loans, plus loans secured by commercial real estate properties exceed 25 percent of total assets.
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