PCB Bancorp Announces New Advisory Board Member for PCB Bank

Rhea-AI Summary

PCB Bancorp announced the appointment of Robert McGibbon as an Advisory Board Member of PCB Bank effective March 1, 2023. McGibbon, a retired FDIC Field Supervisor, brings significant regulatory and training experience from his 35-year career at the FDIC, where he managed a portfolio of up to 100 banks in California. His role will focus on Board member training, policy reviews, and regulatory advice on new products. Chairman Sang Young Lee highlighted McGibbon's extensive background as a valuable asset for the bank's strategic growth plans.

Positive

• Appointment of Robert McGibbon enhances regulatory expertise on the Advisory Board.
• McGibbon's extensive banking experience could fortify the bank's strategic growth initiatives.

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• None.

LOS ANGELES--(BUSINESS WIRE)-- PCB Bancorp (the “Company”) (Nasdaq: PCB), the holding company of PCB Bank (the “Bank”) today announced the appointment of Robert “Bob” McGibbon as an Advisory Board Member of the Bank effective March 1, 2023. In his role as an Advisory Board Member, Mr. McGibbon is expected to assist the Bank with Board member training, policy and procedures review, and advising on new products and services from a regulatory perspective, among other areas of advice.

Mr. McGibbon recently retired from the Federal Deposit Insurance Corporation (“FDIC”). He joined the FDIC in 1988 and served as Field Supervisor for the FDIC’s Los Angeles Territory over the past 20 years, where he supervised up to 70 bank examiners, managed a portfolio of up to 100 banks in Southern and Central California, and provided advice to bankers on examination and banking topics. During his career, he developed and conducted banker training throughout the FDIC’s San Francisco Region through Directors College and Community Banker Workshop Programs. Additionally, he participated and led numerous Washington, DC and San Francisco Region projects that had a nationwide impact on the FDIC.

“Mr. McGibbon is a highly accomplished Banking Supervisor with tremendous banking regulatory experience in a wide range of areas in examination, training, and regulatory leadership at a national level,” said Sang Young Lee, Chairman of the Board of Directors. “We are fortunate to have the advisory service of Mr. McGibbon and his unique skills that will be highly valuable in the coming years, as we execute our strategic plan and look forward to continued growth of our organization.” Mr. McGibbon holds a BS degree in Business Finance from Oregon State University.

About PCB Bancorp

PCB Bancorp is the bank holding company for PCB Bank, a California state chartered bank, offering a full suite of commercial banking services to small to medium-sized businesses, individuals and professionals, primarily in Southern California, and predominantly in Korean-American and other minority communities.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230307005985/en/

Timothy Chang

Executive Vice President & Chief Financial Officer

213-210-2000

Source: PCB Bancorp

FAQ

Who is Robert McGibbon and what role will he play at PCB Bancorp?

Robert McGibbon is the newly appointed Advisory Board Member at PCB Bancorp, effective March 1, 2023, focusing on Board training and regulatory compliance.

What is Robert McGibbon's background?

McGibbon recently retired from the FDIC, where he supervised bank examiners and managed a significant portfolio of banks in California.

How might McGibbon's appointment impact PCB Bancorp?

His extensive regulatory experience is expected to provide valuable insights and guidance as PCB Bancorp executes its strategic plan.

When was Robert McGibbon appointed to the Advisory Board of PCB Bank?

Robert McGibbon was appointed on March 1, 2023.