OP Bancorp Announces Appointments of Christine Oh as Chief Operating Officer and Jaehyun Park as Chief Financial Officer

Rhea-AI Summary

OP Bancorp (NASDAQ: OPBK) has announced key executive appointments as part of its 2025 succession plan. Christine Oh, 57, who has served as Executive Vice President and CFO since 2010, will assume the role of Executive Vice President and Chief Operating Officer effective March 3, 2025.

Jaehyun Park, 53, currently Senior Vice President and Controller, will succeed Oh as Executive Vice President and CFO. Park, who joined the bank in 2014, brings experience from Nara Bank and holds degrees in Economics, Finance, and Law.

CEO Min Kim expressed confidence in both appointments, highlighting Oh's 15-year tenure as CFO and extensive knowledge of the company, while emphasizing Park's community banking and leadership experience as valuable assets for the company's growth objectives.

Positive

• Strategic succession plan implementation for key executive positions
• Internal promotion demonstrates strong leadership pipeline
• New COO brings 34+ years of banking experience
• New CFO brings diverse financial and legal education background

Negative

• None.

LOS ANGELES--(BUSINESS WIRE)-- OP Bancorp (the “Company”) (NASDAQ: OPBK), the holding company for Open Bank (the “Bank”), today announces that it has appointed Christine Oh, age 57, as Executive Vice President and Chief Operating Officer of the Company and the Bank, effective as of March 3, 2025. Ms. Oh has served as Executive Vice President and Chief Financial Officer of the Bank since July 2010 and of the Company since its formation in March 2016. Ms. Oh has more than 34 years of banking experience.

The Company also announced the appointment of Jaehyun Park, age 53, the current Senior Vice President and Controller of the Company and the Bank, to succeed Ms. Oh as Executive Vice President and Chief Financial Officer of the Company and the Bank, effective as of March 3, 2025. Mr. Park has served his current position since he joined the Bank in June 2014. Prior to joining the Bank, Mr. Park had served various roles in finance areas at Nara Bank (now Bank of Hope), headquartered in Los Angeles, California since April 2005. Mr. Park holds a Bachelor of Science in Economics from Korea University, South Korea, a Master of Science in Finance and a Juris Doctor from Suffolk University in Boston, Massachusetts.

OP Bancorp Chief Executive Officer Min Kim expressed the Company’s excitement in appointing Ms. Oh and Mr. Park, saying, “We are pleased to welcome Mr. Park to our executive management team. We are confident that Mr. Park’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.” She continued, “We are also very pleased to appoint Ms. Oh to serve as our Chief Operating Officer after nearly 15 years of service as our CFO. Her in-depth knowledge of the Company and the Bank, its history, business strategy, operations, and employees, cannot be overstated and will make her a tremendous asset in her new role.”

ABOUT OP BANCORP

OP Bancorp, the holding company for Open Bank, is a California corporation whose common stock is quoted on the Nasdaq Global Market under the symbol “OPBK.” The Bank is engaged in the general commercial banking business focused on serving the banking needs of small- and medium-sized businesses, professionals, and residents with a particular emphasis on Korean and other ethnic minority communities. The Bank currently operates eleven full-service branch offices in Downtown Los Angeles, Los Angeles Fashion District, Los Angeles Koreatown, Cerritos, Gardena, Buena Park, and Santa Clara, California, and in Carrollton, Texas and Las Vegas, Nevada. The Bank also has five loan production offices in Pleasanton, California, Atlanta, Georgia, Aurora, Colorado, Lynnwood, Washington, and Fairfax, Virginia. The Bank commenced its operations on June 10, 2005 as First Standard Bank and changed its name to Open Bank in October 2010. Our headquarters is located at 1000 Wilshire Blvd., Suite 500, Los Angeles, California 90017. Phone 213.892.9999; www.myopenbank.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250303255260/en/

Investor Relations

OP Bancorp

Jaehyun Park

EVP & CFO

213.593.4865

Jaehyun.Park@myopenbank.com

Source: OP Bancorp

FAQ

When will Christine Oh become COO of OP Bancorp (OPBK)?

Christine Oh will become COO of OP Bancorp effective March 3, 2025.

Who is replacing Christine Oh as CFO at OPBK?

Jaehyun Park, current Senior VP and Controller, will succeed Christine Oh as CFO.

How long has Christine Oh served as CFO at OPBK?

Christine Oh has served as CFO for nearly 15 years, since July 2010.

What is Jaehyun Park's background before joining OPBK?

Park worked at Nara Bank (now Bank of Hope) since 2005 and holds degrees in Economics, Finance, and a Juris Doctor from Suffolk University.