CBB Bancorp Inc., the parent company of Commonwealth Business Bank, announced the appointment of Seungho Park as President and Chief Executive Officer of both the Company and the Bank, effective as of Nov. 21, 2025. Park will be replacing Richard Koh, who served in this position since April of this year and first joined the organization as Chief Financial Officer in 2023.

Seungho Park has most recently served as the Executive Vice President, Chief Commercial Banking Officer and Eastern Region President at CBB Bank. Prior to joining CBB, he served as the Executive Vice President and Midwest Region President at Bank of Hope. With over 29 years of experience in the financial industry, Park’s past leadership includes having managed business operating units in New York, New Jersey, Virginia, Georgia and Alabama.

“Seungho Park brings years of experience in the Korean American banking market, and he has consistently demonstrated the ability to generate profitable growth. The Board of Directors are confident in his ability to be a strong leader for CBB Bancorp and CBB Bank going forward,” said Chairwoman Soon Pak.