The chief credit officer at Wilshire Bancorp (WIBC) in Los Angeles is departing to lead another bank.
Jack Choi will step down on July 1 to become president and chief executive of an unnamed bank, the $2.8 billion-asset Wilshire said Thursday. A Wilshire spokesman was not immediately available to provide further information.
Peter Koh, who will succeed Choi, has been deputy chief credit officer for the past two years. Koh joined Wilshire in 2001.
"Koh has been instrumental in our efforts to enhance our credit administration, credit monitoring, and underwriting over the past few years," Jae Whan Yoo, Wilshire's president and chief executive, said in a press release. "He has previously served as interim chief credit officer and he is well qualified to take on additional responsibility and ensure that we have continuity, consistency, and strong leadership in our credit administration department."
Wilshire agreed earlier this month to buy the $207 million-asset BankAsiana in Palsisades Park, N.J., for $32.5 million.
Former Wilshire CEO Soo Bong Min was named president and CEO of BBCN Bancorp (BBCN) in April.