Saehan Bancorp Announces Appointment of Dong Il Kim as President and Chief Executive Officer of Saehan Bank

LOS ANGELES--()--Saehan Bancorp (OTCBB:SAEB) today announced that Saehan Bank received regulatory non-disapproval to appoint Dong Il Kim as president and chief executive officer of Saehan Bank.

A leader in the Korean-American business community for more than 25 years, Mr. Kim most recently served as president and chief executive officer of U.S. Metro Bank. His banking career includes serving as senior vice president and chief credit officer of Hanmi Bank from 2004 to 2005 and senior vice president and chief credit officer of Pacific Union Bank from 2000 to 2004. He earned a Bachelor of Arts degree from Pusan National University in Korea. Kim subsequently earned a Masters Degree in Economics from California State University, Los Angeles, and State University of New York at Stony Brook.

“Dong Il Kim’s accomplishments, banking experience and solid reputation in the Korean-American banking community were important considerations in his selection and we look forward to his new leadership and contributions to Saehan Bank,” said Dong Soo Han, chairman of Saehan Bank.

About Saehan Bancorp

Saehan Bancorp is a bank holding company with headquarters in Los Angeles, California. Its wholly owned subsidiary, Saehan Bank, offers a comprehensive range of financial solutions to meet the needs of the Korean-American community in Los Angeles. Saehan Bancorp is committed to satisfying customers and creating shareholder value. Its ten retail branch offices, International Department, and SBA Department of Saehan Bank focus on fulfilling these commitments to customers and shareholders.

Safe Harbor Statement

This press release may contain forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from the projected, including descriptions of plans or objectives of its management for future operations, products or services, and forecasts of its revenues, earnings or other measures of economic performance. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include the words “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” or words of similar meaning, or future or conditional verbs such as “will,” “would,” “should,” “could,” or “may.”

Contacts

Saehan Bancorp
Daniel Kim
Executive Vice President & Chief Financial Officer
213-637-4802
or
Maier & Company, Inc.
Gary S. Maier
310-442-9852

Contacts

Saehan Bancorp
Daniel Kim
Executive Vice President & Chief Financial Officer
213-637-4802
or
Maier & Company, Inc.
Gary S. Maier
310-442-9852