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  September 5, 2001
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Home > Company Index > Banking > Banking - West > Wilshire State Bank

Wilshire State Bank
Nasdaq: WSBK
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 PROFILE
At Wilshire State Bank, ethnic minorities are the banking majority. Based in the Koreatown section of Los Angeles, the bank has eight branches in Southern California and loan production offices in Dallas, Seattle, and Silicon Valley. Wilshire State Bank targets small to midsized minority-owned businesses and ethnic groups underserved by most national banking institutions. In addition to offering standard deposit services (including checking and savings accounts, money market accounts, and IRAs), the bank specializes in SBA loans. Wilshire also provides residential mortgage, construction, and installment loans. The bank is trying to expand into the Latino market from its Korean-American base.

 COMPETITION
Hanmi Financial Corporation (HAFC)
Nara Bancorp, Inc. (NARA)
Pacific Union Bank (PUBB)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 38.90
Employees: 135
Revenue per employee: $288,148.15

 KEY PEOPLE
• Soo Bong Min
    CEO
• Eung-Rae Cho
    CFO

 CONTACT INFO
3200 Wilshire Blvd.
Los Angeles, CA 90010
US
Phone: 213-387-3200
Fax: 213-427-6584
Online: Web Site

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