Commonwealth Business Bank (CWBB) in Los Angeles has added veteran banker Alvin Kang to its board.
Kang, who retired earlier this year as president and chief executive of BBCN Bancorp (BBCN), joined Commonwealth's board on Aug. 29, the $520 million-asset bank said Friday. BBCN, which is also based in Los Angeles, is the largest Korean-American bank in the United States.
"We are delighted to have someone of [Kang's] caliber join our board," Soon Han Pak, Commonwealth's chairman, said in a press release. "His leadership and business experience will be a great benefit to the bank and strengthen the board's oversight capabilities."
Kang, 68, left from BBCN afer a disagreement with the company's board, sources told American Banker in January. From 2005 through 2011 he was CEO of Nara Bancorp, leading that company's integration with Center Financial to create BBCN.
From 2001 to 2005, Kang was chief financial and chief operating officer at Broadway Financial.