-
Alvin Kang, CEO of BBCN, is said to have resigned after a disagreement with his board. His departure could clear the way for a deal for Hanmi Financial and raises the prospect of industrywide succession fights as banks consolidate.
January 15 -
Nara Bancorp and Center Financial Corp. will operate under the name BBCN Bank with a new corporate logo after the merger of the two companies is completed.
November 28
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,
From 2001 to 2005, Kang was chief financial and chief operating officer at Broadway Financial.
