| | Business Summary | | Wilshire
State
Bank
serves
a
multi-ethnic
small
business
community
in
the
Los
Angeles
County
area
through
10
branches
and
the
Seattle,
Washington,
area
through
one
branch.
The
Bank
offers
personal
banking
services
such
as
checking
accounts,
including
personal
and
money
market;
savings
accounts,
including
IRA/EOGH,
Super
NOW,
installment
savings
and
time
certificates
of
deposit,
and
loans,
including
personal
and
credit
card
loans.
It
also
offers
business
services
such
as
business
and
money
market
checking
accounts,
Super
NOW
savings
accounts,
loans,
including
Rainbow
lines
of
credit,
SBA-guaranteed
loans,
commercial
loans
and
import/export
financing,
and
letters
of
credit
and
documentary
collections.
In
addition,
the
Bank
offers
ancillary
services
such
as
safe
deposit
boxes,
traveler's
checks,
wire
transfers
and
international
money
orders.
The
Bank
also
offers
online
banking. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | WSBK
is
a
community
bank
conducting
a
general
commercial
banking
business
with
its
primary
market
encompassing
the
multi-ethnic
population
of
Los
Angeles
County
area.
For
the
three
months
ended
3/31/01,
interest
income
rose
32%
to
$9
million.
Net
interest
income
after
LLP
rose
14%
to
$4.3
million.
Net
income
rose
69%
to
$1.5
million.
Net
interest
income
reflects
increased
loans,
partially
offset
by
higher
deposits.
Net
income
reflects
higher
non-interest
income. Recent Earnings Announcement
For
the
3
months
ended
06/30/2001,
revenues
were
8,452;
after
tax
earnings
were
1,545. (Preliminary; reported in thousands of dollars.) | | More
from
Market Guide: Significant
Developments |
| | |
| Position | | Steven Koh | Chairman | | Soo Bong Min | Pres,
CEO | | Joel Ziskind | Vice
Chairman, COO | | Eung-Rae Cho | CFO,
svp | | Cynthia Peters | VP,
Assistant Sec. |
| More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/w/wsbk.gif)