As the economy improves and loan standards ease, loan growth offers profit opportunity for small and midsized banks like BBCN Bancorp (BBCN).
BBCN Bancorp is the former Nara Bancorp, founded in 1989 and headquartered in Los Angeles, California. The bank operates 44 branches, mostly in California, and 5 loan offices, primarily in the West. The bank's focus is on commercial markets and California accounts for 60% of BBCN's loan portfolio.
The key drivers supporting future growth for BBCN include:
- Additional growth in commercial demand in its core California market.
- Expansion into new markets including Seattle and Chicago.
BBCN's niche market.
BBCN is a specialty bank catering to Korean Americans residing in the United States. The bank's market is...