OP Bancorp, the holding company for Open Bank, appointed Yeong Gwon Pak as the executive vice president and chief credit officer of the company and the bank, effective Dec. 30, 2024. Pak will succeed Sang Oh, who currently serves as chief credit officer and who will succeed Min Kim as the company’s CEO in accordance with its previously announced succession plans beginning in 2025.
Pak previously served as senior vice president and district manager at Bank of Hope from July 2022 until his departure in December 2024. Prior to that he had served in various executive roles at Commonwealth Business Bank since June 2015, including, most recently, as executive vice president and chief lending officer from June 2020 to June 2022. Pak has more than 20 years of banking experience in community banks throughout the greater Los Angeles area, and has a bachelor of arts in molecular and cellular biology from the University of California, Berkeley.
“We are pleased to welcome Mr. Pak to our executive management team,” Kim said. “Mr. Pak’s extensive community banking and leadership experience will play a key role in helping the company and the bank achieve its objectives in the upcoming years as it continues to grow and implement its 2025 succession plan.”
