1、your Partner,your Choice,your BankAnnualReport2020PCB Bancorp(“PCB”)is the parent company of Pacific City Bank,(the“Bank”)a community bank founded in 2003 with a mission to help first generation Asian-American immigrants realize the American dream through business ownership.The Bank is a full-servic
2、e bank that offers a broad range of loans along with deposit products focused on individuals,professionals,and small-to-medium sized businesses.The Bank serves a diverse customer base through its thirteen branch locations,11 full-service branches in the Greater Los Angeles Area,one full-service bran
3、ch in each of Englewood Cliffs,New Jersey and Bayside,New York,as well as nine loan production offices(“LPOs”)in seven states serving a diverse ethnic background.The Bank is one of the leading banks in the Korean-American community.Company Profile Pacific City Bank Headquarters 2020 ANNUAL REPORT /0
4、1PCB ensured the safety of our employees and customers while successfully managing our business and helping our customers navigate the pandemic.(Left to Right)Sang Young Lee Chairman of the Board Henry Kim President&Chief Executive OfficerDear Shareholders:At PCB,we believe our success is dependent
5、on the prosperity of our customers,employees,and the communities we serve.Looking back on an unprecedented year,it is clear that this belief is more important now than ever.We are proud of our swift and decisive pandemic responses,which have resulted in positive economic impact.Throughout 2020,PCB e
6、nsured the safety of our employees and customers while successfully managing our business and helping our customers navigate the pandemic.Specifically,we provided our customers with access to much needed capital by quickly assisting them with the Paycheck Protection Program(“PPP”)loans and by strate