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Stock Market & Financial Investment News

News Breaks
January 14, 2013
20:02 EDTBBCNBBCN Bank CEO Alvin Kang to step down January 31
BBCN Bancorp announced that Alvin D. Kang will step down from his positions as president and CEO and as a director of the company and its wholly owned subsidiary, BBCN Bank, effective as of the close of business on January 31. The company's board will retain an executive search firm to initiate a formal search for a new CEO. Until a successor is appointed, the board has established an Executive Council to carry out the responsibilities of the CEO. Executive VP and COO Bonita I. Lee will be given the additional title of acting president and will lead the Executive Council. The Executive Council membership will also include executive VP and CFO Philip E. Guldeman and executive VP and Chief Commercial Banking Officer Kyu S. Kim.
News For BBCN From The Last 14 Days
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September 15, 2014
08:40 EDTBBCNBBCN Bancorp, Inc. increases board to 10 seats from 8 seats
BBCN Bancorp, Inc. announced the appointments of William J. Lewis and Kiho Choi to the company's board and its wholly owned subsidiary, BBCN Bank, effective immediately. Lewis will chair the Asset/Liability Committee and also serve as a member of the Board Risk and Compliance Committee, Audit Committee and Directors' Loan Committee. Choi will serve as member of the Audit Committee, Asset/Liability Committee, Board Risk and Compliance Committee and Strategic Business Planning Committee. These appointments increase the membership of the board from eight to ten, nine of whom will be independent directors.

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