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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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July 22, 2014
07:11 EDTBBCNBBCN Bancorp, Inc. raises quarterly dividend by 33.3% to 10c per share
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July 21, 2014
19:36 EDTBBCNBBCN Bancorp, Inc. reports Q2 EPS 28c, consensus 29c
The company reported Q2 Tier 1 leverage ratio of 11.66%. Nonperforming assets amounted to $107.2M at June 30, or 1.56% of total assets. Net loan charge-offs for Q2 totaled $1.8M and equaled 0.14% of average loans receivable on an annualized basis. Impaired loans totaled $124.2M at June 20. Book value per share for Q2 stood at $10.72, while tangible common equity per share stood at $9.34.

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