OP Bancorp

OP Bancorp operates as a commercial community bank, headquartered in Los Angeles, California. Established in 2005 as First Standard Bank and rebranded as Open Bank in 2010, OP Bancorp became the holding company in 2016 for its wholly owned banking subsidiary, Open Bank. The company provides commercial banking services to small and medium-sized businesses, their owners, and retail customers, with a specific focus on the Korean-American community. OP Bancorp operates twelve full-service branches: nine across Los Angeles and Orange Counties in California, one in Santa Clara, California, one in Carrollton, Texas, and one in Las Vegas, Nevada. Additionally, it maintains five loan production offices in Pleasanton, California; Atlanta, Georgia; Aurora, Colorado; Lynnwood, Washington; and Fairfax, Virginia. The company's lending activities are diversified, including commercial real estate (CRE), commercial and industrial (C&I), Small Business Administration (SBA), home mortgage, and consumer loans. Lending generally occurs in markets where the company has a physical presence. OP Bancorp attracts retail deposits through its branch network, offering a range of deposit products for business and consumer banking customers, alongside other banking products and services. Substantially all business activities are conducted through Open Bank.