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    PCB   US69320M1099


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PCB Bancorp : Announces a Five-Year Extension of Chief Executive Officer's Employment Term

08/27/2021 | 06:52pm EDT

PCB Bancorp (the “Company”) (NASDAQ: PCB), the holding company of Pacific City Bank (the “Bank”), announced that the employment term of Mr. Henry Kim, President and Chief Executive Officer of the Company and Bank, will be extended from January 1, 2022 to December 31, 2026.

“I am pleased with our Board of PCB Bancorp and Pacific City Bank unanimously voting to extend CEO Kim’s employment term for an additional five years. The extension should provide continued stability of the Company and enable it to carry out its objectives of benefiting our shareholders, the communities we serve, and our employees,” said Mr. Sang Young Lee, Chairman of the Board.

About PCB Bancorp

PCB Bancorp, formerly known as Pacific City Financial Corporation, is the bank holding company for Pacific City 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.

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements. These forward-looking statements represent plans, estimates, objectives, goals, guidelines, expectations, intentions, projections and statements of our beliefs concerning future events, business plans, objectives, expected operating results and the assumptions upon which those statements are based. Forward looking statements include without limitation, any statement that may predict, forecast, indicate or imply future results, performance or achievements, and are typically identified with words such as “may,” “could,” “should,” “will,” “would,” “believe,” “anticipate,” “estimate,” “expect,” “aim,” “intend,” “plan,” or words or phases of similar meaning. We caution that the forward-looking statements are based largely on our expectations and are subject to a number of known and unknown risks and uncertainties that are subject to change based on factors which are, in many instances, beyond our control, including but not limited to our borrowers’ actual payment performance as loan deferrals related to the COVID-19 pandemic expire, changes to statutes, regulations, or regulatory policies or practices as a result of, or in response to the COVID-19 pandemic, including the potential adverse impact of loan modifications and payment deferrals implemented consistent with recent regulatory guidance, and the general economic uncertainty caused by the COVID-19 pandemic, and government and societal responses thereto. These and other important factors are detailed in various securities law filings made periodically by the Company, copies of which are available from the Company without charge. Actual results, performance or achievements could differ materially from those contemplated, expressed, or implied by the forward-looking statements. Any forward-looking statements presented herein are made only as of the date of this press release, and we do not undertake any obligation to update or revise any forward-looking statements to reflect changes in assumptions, the occurrence of unanticipated events, or otherwise, except as required by law.

© Business Wire 2021
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Analyst Recommendations on PCB BANCORP
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Financials (USD)
Sales 2021 92,5 M - -
Net income 2021 35,4 M - -
Net Debt 2021 - - -
P/E ratio 2021 8,99x
Yield 2021 2,14%
Capitalization 308 M 308 M -
Capi. / Sales 2021 3,33x
Capi. / Sales 2022 3,29x
Nbr of Employees 248
Free-Float 77,4%
Duration : Period :
PCB Bancorp Technical Analysis Chart | MarketScreener
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Technical analysis trends PCB BANCORP
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 3
Last Close Price 20,86 $
Average target price 20,67 $
Spread / Average Target -0,93%
EPS Revisions
Managers and Directors
Henry Kim President, Chief Executive Officer & Director
Timothy Chang Chief Financial Officer & Executive Vice President
Sang Young Lee Chairman
Hae Young Cho Independent Director
Kijun Ahn Independent Director
Sector and Competitors