Bailout Bank Bio: Center Financial Corporation

Jan 27, 2009 | 1 min read | Print Article

Center Financial Corporation is the bank holding company for Center Bank. As of the end of 2007, it operated 18 branch offices and 8 loan production offices. The company is headquartered in Los Angeles, California. Through the Treasury Department’s Capital Purchase Program, Center Financial will receive $55 million in exchange for 55,000 shares of the company’s preferred stock.

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Bailout Bank Bio: Center Financial Corporation


Federal Equity Investment	$55 million
Total Revenue	$158.10 million (2007)
Net Income	$21.943 million (2007)
Number of Employees	361
Corporate Headquarters	Los Angeles, California
Business Sector	Financial
Officers and Directors	Yoo, Jae Whan, President, Chief Executive Officer, Director Kim, Peter, Chairman of the Board Other Officers and Directors
Corporate Website	http://www.centerbank.com
Executive Compensation	Center Financial Corporation