PCB BANCORP Business Summary

PCB Bancorp (PCB) operates as the bank holding company for PCB Bank, a California-chartered commercial bank primarily serving the Korean-American community and small-to-medium enterprises (SMEs). The company generates revenue through a traditional interest-based model, supplemented by non-interest income from service charges, treasury management, and digital banking fees. Its primary business segments include commercial lending—specifically Small Business Administration (SBA) loans and commercial real estate—and consumer banking services. PCB Bancorp competes directly with regional and community banks such as Ameris Bancorp (ABCB), First Busey (BUSE), and Independent Bank (IBCP). Within this landscape, PCB distinguishes itself through a high-touch, relationship-driven model tailored to first-generation Asian-American immigrants, positioning it as a specialized niche player with a concentrated footprint in Southern California and major metropolitan areas like Dallas and New York. The company was founded in 2003 by a group of Korean-American banking professionals, including current Chairman Sang Young Lee and former CEO Haeyoung Cho. The leadership team is currently headed by President and CEO Henry Kim, who has been with the institution since its inception and holds a background in applied mathematics and executive banking from the Pacific Coast Banking School. Timothy Chang serves as the Executive Vice President and Chief Financial Officer, bringing over two decades of commercial banking experience from roles at Mirae Bank and Hanmi Bank. The board is anchored by founding directors such as Dr. Kijun Ahn and Sang Young Lee, the latter of whom remains the company’s largest individual shareholder. Notable institutional investors include The Vanguard Group and Dimensional Fund Advisors, reflecting the bank's transition from a community-focused startup to a seasoned NASDAQ-listed entity.