OP Bancorp
NASDAQCapital Structure
•
in mil. unless spec.Working Capital
•
in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Sang Kyo Oh
- Full Time Employees
- 249
- Sector
- Financial Services
- Industry
- Banks - Regional
- Address
- 1000 Wilshire Boulevard Los Angeles CA United States of America 90017
- IPO Date
- Aug 8, 2005
- CIK
- 0001722010
- Website
- myopenbank.com
- Similar Companies
- Business
- OP Bancorp (Nasdaq: OPBK), the holding company for Open Bank, operates as a California-based community bank focused on general commercial banking services for small- and medium-sized businesses, professionals, and individuals, with an emphasis on Korean-American and other ethnic minority communities; it offers deposit products including demand, checking, savings, money market, and time deposit accounts as well as certificates of deposit; lending solutions encompassing commercial real estate loans, small business administration (SBA) loans, commercial and industrial business loans, single-family residential mortgages, term loans, consumer loans, and home mortgages; trade finance products such as letters of credit, SWIFT services, and export advice; and digital banking services including debit and credit cards, online transfers and bill payments, mobile banking with remote check deposit, cash management tools like ACH origination, remote deposit capture, positive pay, wire transfers, and sweep accounts. The bank, founded in 2005 as First Standard Bank and renamed Open Bank in 2010, maintains its headquarters at 1000 Wilshire Boulevard, Suite 500, Los Angeles, California, and conducts operations through 12 full-service branches in Los Angeles (Downtown, Fashion District, Koreatown), Cerritos, Gardena, Buena Park, Garden Grove, and Santa Clara Counties in California; Carrollton, Texas; and Las Vegas, Nevada; supplemented by five loan production offices in Pleasanton, California; Atlanta, Georgia; Aurora, Colorado; Lynnwood, Washington; and Fairfax, Virginia. Recent developments include the completion of a $25 million private placement of 7.50% fixed-to-floating rate subordinated notes due 2035 on November 7, 2025 to bolster regulatory capital and support growth; announcement of leadership succession on August 23, 2024 with CEO Min Kim retiring June 30, 2025 to become Chair while Sang Kyo Oh assumes CEO role; quarterly cash dividend declarations of $0.12 per share, most recently payable November 20, 2025; and the 2021 acquisition of approximately $105 million in SBA 7(a) loans plus a $295 million servicing portfolio from Hana Small Business Lending, enhancing its SBA lending capabilities.
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