OP Bancorp announces Sang Oh to succeed Min Kim as CEO

OP Bancorp announces a number of expected personnel changes associated with the implementation of its leadership succession plan. These changes are to commence immediately and will be completed no later than June 30, 2025. CEO Min Kim has announced her retirement after more than forty years as a banking executive and nearly fifteen years as the President and CEO of the Company and the Bank. Kim’s retirement will be effective as of June 30, 2025. She will continue to serve as a director of the Company and the Bank and, following the Company’s Annual Meeting of Shareholders scheduled to occur in June 2025, she will become the Chair of the Board. In that role, Kim will succeed retiring Chairman Brian Choi, who will not stand for reelection to the Board at the 2025 Annual Meeting and who will assume the role of Chairman Emeritus. Succeeding Kim as CEO will be Sang K. Oh, age 52. Oh has served as Executive Vice President and Chief Credit Officer of the Company and the Bank since October 2020.