CBB Bank Announces Leadership Transition
CBB Bancorp (OTCQX: CBBI) announced a significant leadership transition, with current President and CEO James Hong set to retire from both the Company and Commonwealth Business Bank effective April 18, 2025. The company's Executive Vice President and CFO Richard Koh will be promoted to President and CEO upon Hong's retirement.
Board Chairwoman Soon Pak acknowledged Hong's three years of dedicated service and contributions to CBB's growth. She expressed confidence in Koh's capabilities, citing his over twenty years of executive-level experience in the Korean-American banking market, including leadership roles in the Los Angeles area.
CBB Bancorp (OTCQX: CBBI) ha annunciato un'importante transizione nella leadership: l'attuale Presidente e CEO James Hong andrà in pensione sia dalla Società sia dalla Commonwealth Business Bank a partire dal 18 aprile 2025. Il Vicepresidente Esecutivo e CFO Richard Koh sarà promosso a Presidente e CEO al momento del pensionamento di Hong.
La Presidente del Consiglio, Soon Pak, ha riconosciuto i tre anni di servizio dedicato di Hong e il suo contributo alla crescita di CBB. Ha espresso fiducia nelle capacità di Koh, sottolineando la sua esperienza di oltre vent'anni a livello dirigenziale nel mercato bancario coreano-americano, inclusi ruoli di leadership nell'area di Los Angeles.
CBB Bancorp (OTCQX: CBBI) anunció una significativa transición en su liderazgo, con el actual Presidente y CEO James Hong que se retirará tanto de la Compañía como del Commonwealth Business Bank a partir del 18 de abril de 2025. El Vicepresidente Ejecutivo y CFO Richard Koh será ascendido a Presidente y CEO tras la jubilación de Hong.
La Presidenta del Consejo, Soon Pak, reconoció los tres años de servicio dedicado de Hong y sus contribuciones al crecimiento de CBB. Expresó confianza en las capacidades de Koh, destacando sus más de veinte años de experiencia ejecutiva en el mercado bancario coreano-americano, incluyendo roles de liderazgo en el área de Los Ángeles.
CBB Bancorp (OTCQX: CBBI)는 주요 경영진 변화를 발표했습니다. 현 사장 겸 CEO인 제임스 홍이 2025년 4월 18일부로 회사와 Commonwealth Business Bank에서 은퇴할 예정입니다. 홍의 은퇴와 함께 회사의 전무이사 겸 CFO인 리처드 코가 사장 겸 CEO로 승진할 예정입니다.
이사회 의장 순 팍은 홍이 3년간 헌신적으로 근무하며 CBB 성장에 기여한 점을 인정하며, 로스앤젤레스 지역을 포함한 한인 미국인 은행 시장에서 20년 이상의 경영진 경험을 가진 코의 역량에 대해 신뢰를 표명했습니다.
CBB Bancorp (OTCQX : CBBI) a annoncé une transition majeure dans sa direction, avec le départ à la retraite du président-directeur général actuel, James Hong, qui quittera la société ainsi que la Commonwealth Business Bank à compter du 18 avril 2025. Le vice-président exécutif et directeur financier, Richard Koh, sera promu président-directeur général à la retraite de Hong.
La présidente du conseil, Soon Pak, a salué les trois années de service dévoué de Hong et ses contributions à la croissance de CBB. Elle a exprimé sa confiance dans les compétences de Koh, soulignant ses plus de vingt ans d’expérience à un poste de direction dans le secteur bancaire coréano-américain, notamment dans la région de Los Angeles.
CBB Bancorp (OTCQX: CBBI) gab einen bedeutenden Führungswechsel bekannt: Der derzeitige Präsident und CEO James Hong wird zum 18. April 2025 sowohl das Unternehmen als auch die Commonwealth Business Bank verlassen. Der Executive Vice President und CFO Richard Koh wird nach Hongs Ausscheiden zum Präsidenten und CEO befördert.
Die Vorstandsvorsitzende Soon Pak würdigte Hongs drei Jahre engagierten Dienst und seinen Beitrag zum Wachstum von CBB. Sie zeigte sich zuversichtlich in Kohs Fähigkeiten und verwies auf seine über zwanzigjährige Führungserfahrung im koreanisch-amerikanischen Bankmarkt, einschließlich Führungspositionen im Raum Los Angeles.
- Smooth leadership transition with internal promotion ensures continuity
- New CEO brings over 20 years of relevant banking market experience
- Advance announcement provides ample time for transition planning
- Loss of experienced CEO after relatively short 3-year tenure
“On behalf of the Board of Directors and our stockholders, I would like to thank James Hong for his three years of dedicated service and the significant contributions he has made to the growth and success of CBB Bancorp and CBB Bank,” said Soon Pak, Chairwoman of the Board of the Company and the Bank.
The Company also announced that Mr. Richard Koh, currently Executive Vice President and Chief Financial Officer, will be promoted to President and Chief Executive Officer of both the Company and the Bank upon Mr. Hong’s retirement.
“Richard Koh brings over twenty years of executive-level experience in the Korean-American banking market, including leadership roles in the
About CBB Bancorp, Inc.
CBB Bancorp, Inc. is the holding company of Commonwealth Business Bank, a full-service commercial bank specializing in serving small to medium-sized businesses, operating under the name “CBB Bank.” The Bank operates twelve full-service branch offices in
View source version on businesswire.com: https://www.businesswire.com/news/home/20250411232529/en/
Jeesoo Sohn, Controller
323-302-4870
jeesoos@cbb-bank.com
Source: CBB Bancorp, Inc.
FAQ
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