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Growing Beyond Los Angeles; Center Financial Caters To Korean Americans.(THE IBD 100)
Byline: Jonah Keri
Center Financial has carved a profitable niche in the competitive California banking market.
The firm got its start as a full-service commercial bank, founded in 1986 in Los Angeles. The bank offers a full suite of financial services, targeting small to medium Korean-American businesses.
Center's bread and butter is the L.A. area, where it operates 14 offices. In its 19 years of operations, Center Financial has grown to $1.39 billion in assets from just $4 million.
The company has started expanding its scope. Center opened its first full-service branch in Seattle, joining Chicago as the firm's only non-L.A.-area banking office. Center also operates loan production offices in Phoenix, Denver, Las Vegas, Atlanta, Honolulu, Houston, Dallas, Seattle and Washington, D.C.
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...bought Wachovia in 2001 and took its name. He has more than two decades of banking experience. WEST Center Financial Corp. of Los Angeles has hired Lisa Kim Pai as its general counsel and corporate secretary. Ms. Pai, who also has been...
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- Press release article from: Business Wire March 23, 2005 700+ words
LOS ANGELES -- Center Financial Corporation (NASDAQ:CLFC...for the Central District of Los Angeles, and the Los Angeles County Bar Association. He...Southwestern University. About Center Financial Corporation Center Financial...