OP Bancorp Welcomes Yeong Gwon Pak as New Chief Credit Officer

OP Bancorp, a leading community bank focused on serving small- and medium-sized businesses, professionals, and ethnic minority communities, has announced the appointment of Yeong Gwon Pak as its new Chief Credit Officer. Mr. Pak brings over 20 years of extensive community banking experience to the role, with a strong background in credit management and leadership. This strategic move aligns with OP Bancorp's succession plans and growth objectives, as the company continues to expand its presence in the greater Los Angeles area and beyond.



Mr. Pak's appointment comes as OP Bancorp's current Chief Credit Officer, Sang Oh, prepares to succeed Min Kim as the company's Chief Executive Officer in accordance with the previously announced succession plans beginning in 2025. Mr. Pak's leadership and community banking expertise will play a key role in helping OP Bancorp achieve its objectives in the upcoming years, as it continues to grow and implement its 2025 succession plan.

Prior to joining OP Bancorp, Mr. Pak served as Senior Vice President and District Manager at Bank of Hope from July 2022 until his departure in December 2024. Before that, he held various executive roles at Commonwealth Business Bank since June 2015, including most recently as Executive Vice President and Chief Lending Officer from June 2020 to June 2022. Mr. Pak's extensive experience in community banking and leadership positions has equipped him with the necessary skills to navigate the complex banking environment and make informed credit decisions.



OP Bancorp's Chief Executive Officer, Min Kim, expressed the company's excitement in appointing Mr. Pak, stating, "We are pleased to welcome Mr. Pak to our executive management team. Mr. Pak's extensive community banking and leadership experience will play a key role in helping the Company and the Bank achieve its objectives in the upcoming years as it continues to grow and implement its 2025 succession plan."

Mr. Pak's appointment is a strategic move that supports OP Bancorp's focus on serving Korean and other ethnic minority communities, as well as its commitment to expanding its presence in the greater Los Angeles area and beyond. With his deep understanding of local market dynamics and customer needs, Mr. Pak is well-positioned to contribute to OP Bancorp's risk management strategy, credit policies, and risk assessment processes. His leadership and expertise will be invaluable in helping the company achieve its long-term growth and sustainability goals.

As OP Bancorp continues to grow and adapt to the evolving banking landscape, the appointment of Yeong Gwon Pak as Chief Credit Officer is a testament to the company's commitment to attracting and retaining top talent. With his extensive community banking experience and leadership background, Mr. Pak is poised to make a significant impact on OP Bancorp's future success.