Pacific City Financial appoints Sang Lee as new Chairman of the Board of Directors

– USA, CA – Pacific City Financial Corporation (OTCQB:PFCF), the holding company of Pacific City Bank, today announced the appointment of Sang Young Lee as the new Chairman of the Board of Pacific City Financial Corporation and its wholly owned subsidiary, Pacific City Bank. Chairman Lee replaces Kwang Jin Chung, who will continue to serve as a director of both Company and Bank.

Chairman Lee as the largest shareholder is one of the founding members of Bank and has been a member of the board of directors of Bank and Company since inception. Mr. Lee served as Chairman of the Board between 2009 and 2012, a period at the height of the financial crisis. During this critical period, as the Chairman of the Board, Mr. Lee helped to navigate the Bank back to profitability and to one of the best performing community banks in the nation.

Chairman Lee’s progressive thinking will ensure continuity of the great culture established over the years, and he will collaborative closely with the newly appointed CEO Henry Kim and the management. His leadership and passion for success will facilitate in transforming the Company into one of the most influential institutions in the marketplace. Mr. Lee is a successful entrepreneur who is active in various community services.

About Pacific City Financial Corporation

Headquartered in Los Angeles, California, Pacific City Financial Corporation is the parent company of Pacific City Bank, a full-service commercial bank with twelve branch offices and ten loan production offices in Lynwood and Bellevue, Washington; Denver, Colorado, Chicago, Illinois; Annandale, Virginia; Atlanta, Georgia; Orange County, California; Bayside, New York; Los Angeles, California; and Carrollton, Texas. Pacific City Bank specializes in commercial banking for small to medium-size businesses by providing commercial real estate loans, small business loans and lines of credit, trade finance loans, auto loans, residential mortgage loans, and SBA loans. Pacific City Bank serves a diverse customer base through its branches in the Greater Los Angeles Area and Fort Lee, New Jersey and its Loan Production Offices in eight States.

For more information : http://www.paccity.net

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