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BBCN Bancorp Appoints Kyu S. Kim As Chief Operating Officer

LOS ANGELES, July 19, 2013 (GLOBE NEWSWIRE) -- BBCN Bancorp, Inc. (Nasdaq:BBCN) today announced that the Board of Directors has accepted the resignation of Senior Executive Vice President and Chief Operating Officer Bonita I. Lee, effective August 2, 2013. The Company also announced Senior Executive Vice President and Chief Commercial Banking Officer Kyu S. Kim will succeed Ms. Lee as Chief Operating Officer of BBCN Bank.

"On behalf of the Board and BBCN family, I thank Bonnie Lee for her many years of valued service to the organization. She has been an integral player in the formation and establishment of BBCN, and we wish all the best in her future endeavors," said Kevin S. Kim, Chairman and Chief Executive Officer. "We congratulate Kyu Kim on her new appointment. Since joining the Company in 1998, Kyu has spearheaded the bank's expansion in the Eastern Region, and we are confident her leadership skills will continue to play an instrumental role as we make progress extending our position as the leading Korean-American bank in the nation."

Kyu Kim, 51, has served as the Executive Vice President, Chief Commercial Banking Officer and a member of the Office of the President since the creation of BBCN Bank in November 2011. Prior to the merger of equals with Center Financial Corporation, she was the Executive Vice President and Eastern Regional Manager for Nara Bancorp since April 2008 and is largely credited with building Nara's Eastern Region operations. Previously, she served as the Senior Vice President and Eastern Regional Manager from October 2005 until March 2008. Prior to her promotion to Eastern Regional Manager, she served as the Deputy Regional Manager from July 2003 to September 2005.  Ms. Kim also served as the Manhattan Branch Manager from February 2000 to September 2005 and Flushing Branch Manager from September 1998 to February 2000. Prior to joining the Bank, Ms. Kim was Vice President and Chief Credit Officer at Foster Bank in Chicago from March 1990 to September 1997.

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