Pacific City Financial Corporation · Los Angeles, CA United States ·(OTC: PFCF)
Company Description
Phone: 213-210-2000
Fax: 213-210-2032
View Pacific City Financial Corporation Locations On A US Map
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This link will open in a new window Pacific City Financial was formed in 2007 to be the holding company for Pacific City Bank. Organized in 2003, the bank has grown from a single location in Los Angeles to seven locations in Southern California. Serving consumers, professionals, and minority-owned small and midsized businesses, the bank offers deposit products such as checking and savings accounts, money market accounts, and CDs. Its lending activities mainly consist of commercial real estate and Small Business Administration (SBA) loans. Additionally, the bank offers international trade finance services to small and midsized businesses that have operations overseas. To read the full description, subscribe now.
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Key Pacific City Financial Corporation Financials
| Company Type | Public - OTC: PFCF Headquarters |
| Fiscal Year-End | December |
| 2007 Sales (mil.) | $25.1 |
| Employees | 122 |
Pacific City Financial Corporation Executives
6 executives listed for Pacific City Financial Corporation's Los Angeles, CA location.
| Title | Name & Bio | Contact |
| President and CEO | Jung Chang | Network |
| EVP and COO | Haeyoung Cho | Network |
| SVP and CFO | Andrew Chung | Network |
Competition
Competitive Landscape for Pacific City Financial Corporation
Demand for banking services is closely tied to economic activity and the level of interest rates. The profitability of individual banks depends on marketing skills, efficient operations, and good risk management. Large economies of scale exist in some segments of the industry, which has encouraged industry consolidation. Smaller banks can compete successfully in segments where customer service or knowledge of the local market is more important. The industry is capital-intensive and highly automated: annual revenue per employee is close to $300,000. Many banks and thrifts aggressively offered adjustable rate and subprime mortgages during the housing boom of the early 2000s only to find themselves saddled with loan defaults and extensive losses when the housing bubble burst. Deep exposure to subprime mortgages and mortgage-backed securities caused bank failures, government takeovers, and involuntary mergers. To read the full description, subscribe now.Top Pacific City Financial Corporation Competitors
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