UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) December 13, 2013
BBCN Bancorp, Inc.
(Exact name of registrant as specified in its charter)
| Delaware | 000-50245 | 95-4170121 |
| (State or other jurisdiction of incorporation) |
(Commission File Number) | (IRS Employer Identification No.) |
| 3731 Wilshire Boulevard, Suite 1000, Los Angeles, CA | 90010 |
| (Address of principal executive offices) | (Zip Code) |
Registrant's telephone number, including area code: (213) 639-1700
________________________________________________________________________________
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| [ ] | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
| [ ] | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
| [ ] | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
| [ ] | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 8.01. Other Events.
On December 13, 2013, BBCN issued a press release announcing the appointment of Cha Young Park as Senior Executive Vice President and Chief Retail Banking Officer effective January 2, 2014. A copy of the December 13, 2013 press release is attached hereto as Exhibit 99.1.
The information included in this report pursuant to Item 8.01 of Form 8-K (including Exhibit 99.1) shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed to be incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act.
Item 9.01. Financial Statements and Exhibits.
(c) Exhibits
Exhibit No.
Description of Exhibit
99.1
Press release dated December 13, 2013 announcing the appointment of Cha Young Park as Senior Executive Vice President and Chief Retail Banking Officer.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| BBCN Bancorp, Inc.
(Registrant) |
||
| January 3, 2014
(Date) |
/s/ KEVIN S. KIM
Kevin S. Kim Chairman and Chief Executive Officer |
EXHIBIT INDEX
| Exhibit No. | Description of Exhibit |
| 99.1 | Press release dated December 13, 2013 announcing the appointment of Cha Young Park as Senior Executive Vice President and Chief Retail Banking Officer. |
EXHIBIT 99.1
LOS ANGELES, Dec. 13, 2013 (GLOBE NEWSWIRE) -- BBCN Bancorp, Inc. (the "Company") (Nasdaq:BBCN) today announced the appointment of Cha Yong Park to the newly created position of Senior Executive Vice President and Chief Retail Banking Officer of its wholly owned subsidiary BBCN Bank, effective January 2, 2014.
"We are very pleased to have attracted an experienced banker of the caliber of Cha Park to our organization," said Kevin S. Kim, Chairman and Chief Executive Officer of BBCN Bancorp, Inc. "We believe Ms. Park represents the most highly accomplished Korean-American banking professional working at mainstream financial institutions and expect her impressive track record of more than 32 years of experience with large, mainstream banks will be a considerable asset to BBCN. Ms. Park's extensive experience in retail banking, premier banking, investments and brokerage services complements our executive leadership team, and we look forward to her contributions as we continue to strengthen BBCN's leadership as the premier Korean-American bank in the nation."
Cha Yong Park, 56, currently serves as Senior Area Manager at HSBC Bank USA, N.A. and HSBC Securities (USA) Inc., overseeing both traditional banking and brokerage operations, as well as mortgage sales, for HSBC's Southern California network. She began her banking career in 1981 with Bank of America where she served 27 years in various positions of increasing responsibilities. From May 2006 through February 2008, Ms. Park was the Regional Premier Executive for Los Angeles, Ventura and Santa Barbara counties, responsible for driving organic revenue and balance growth in the core business areas of deposit, residential and commercial lending and investments. From October 1997 through April 2006, she served as Market Manager leading multiple Premier Banking & Investments teams in Southern California. Prior to this, she held several Branch Manager positions in various Korean-American communities and spearheaded Bank of America's Small Business Investment Program Task Force. Ms. Park earned her B.A. degree in business economics from the University of California, Los Angeles. She has also completed the Graduate School of Retail Bank Management at the University of Virginia, the Advanced Leadership Program at Stanford University and the HSBC Risk Management Program in Hong Kong. Ms. Park is a Certified Financial Planner.
About BBCN Bancorp, Inc.
BBCN Bancorp, Inc. is the holding company of BBCN Bank, the largest Korean-American bank in the nation with $6.3 billion in assets as of September 30, 2013. Headquartered in Los Angeles and serving a diverse mix of customers mirroring its communities, BBCN operates 49 branches in California, New York, New Jersey, Illinois, Washington and Virginia, along with six loan production offices in Seattle, Denver, Dallas, Atlanta, Northern California and Annandale, Virginia. BBCN specializes in core business banking products for small and medium-sized businesses, with an emphasis in commercial real estate and business lending, SBA lending and international trade financing. BBCN Bank is a California-chartered bank and its deposits are insured by the FDIC to the extent provided by law. BBCN is an Equal Opportunity Lender.
Forward-Looking Statements
This press release contains forward-looking statements, including statements about future operations and projected full-year financial results that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such forward looking statements. These risks and uncertainties include but are not limited to economic, competitive, governmental and technological factors affecting the Company's operations, markets, products, services, and pricing. Readers should carefully review the risk factors and the information that could materially affect the Company's financial results and business, described in documents the Company files from time to time with the Securities and Exchange Commission, including its quarterly reports on Form 10-Q and Annual Reports on Form 10-K, and particularly the discussions of business considerations and certain factors that may affect results of operations and stock price set forth therein. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company undertakes no obligation to revise or publicly release the results of any revision to these forward-looking statements.
CONTACT: Angie Yang
SVP, Investor Relations
213-251-2219
angie.yang@BBCNbank.com