| Business Summary | | Pacific
Union
Bank
(the
Bank),
formerly
California
Korea
Bank,
is
a
California
state-chartered
commercial
bank
whose
primary
market
includes
the
greater
Los
Angeles
metropolitan
area,
including
Orange
County
and
the
San
Francisco
metropolitan
area.
The
Bank
is
focused
in
areas
with
high
concentrations
of
Korean-Americans,
and
provides
a
wide
range
of
commercial
and
consumer
banking
services
to
the
Korean-American
communities.
Its
primary
concentration
is
on
its
core
customer
base
of
small
and
medium-sized
Korean-American
businesses,
professionals
and
other
individuals
in
its
market
area,
with
particular
emphasis
on
the
growth
of
its
low-cost
core-deposit
base
and
the
origination
of
commercial
and
residential
real
estate
loans.
The
Bank
offers
bilingual
services
to
its
customers
in
English
and
Korean,
and
has
a
network
of
automated
teller
machines
located
in
seven
of
its
branch
offices. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Pacific
Union
Bank
is
a
commercial
bank
with
11
branch
offices
in
California.
The
Company's
primary
focus
is
on
small
and
medium
sized
Korean-American
businesses
and
professionals.
For
the
three
months
ended
3/31/01
total
interest
income
rose
26%
to
$14.7
million.
Net
interest
income
after
loan
loss
prov.
rose
8%
to
$8.1
million.
Net
income
rose
9%
to
$3.2
million.
Results
reflect
higher
average
balances
and
decreased
other
borrowings.
Net
income
reflects
increased
services
charges. | More
from
Market Guide: Significant
Developments |
| | | Allan
E. Dalshaug,
Chmn. Kwang
Soon
Park,
Pres./CEO Dong
Hwan
Heo,
Sr. VP/COO Dianne
Kim,
Sr. VP/CFO. | More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|