Daniel Park
About Daniel Park
Hong Kyun “Daniel” Park, 66, is an independent director of PCB Bancorp and PCB Bank, serving since 2015. He is a Certified Public Accountant and the Board’s designated Audit Committee Financial Expert, with ~40 years of accounting and finance experience spanning Big Four firms and CFO roles at private companies. Park is currently a partner at James Y. Lee & Co.; previously he was a partner at KNP, LLP (2017–2024). He holds a B.A. in Economics and Business from UCLA. He chairs PCB’s Audit Committee.
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| KNP, LLP | Partner | 2017–2024 | Provided accounting services; part of >40 years accounting experience referenced in director bio. |
| Ernst & Young; Arthur Andersen; PwC; Deloitte & Touche | Various (Audit/Advisory) | Not disclosed | Contributed to deep GAAP/GAAS expertise; informs audit oversight. |
| Various private companies | Chief Financial Officer | Not disclosed | Operating finance oversight; enhances Board financial literacy. |
External Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| James Y. Lee & Co. (Accounting firm) | Partner | Current | External accounting leadership; independence affirmed by Board. |
| AICPA; California CPA Society | Member | Current | Professional standards adherence. |
| City Club Los Angeles | Board of Governors | Served >15 years | Community leadership and governance exposure. |
Board Governance
- Independence: The Board determined Park is independent under Nasdaq and SEC rules. Seven of eight directors, including Park, are independent; the CEO is not.
- Committees and roles: Park chairs the Audit Committee and is the Board’s designated “audit committee financial expert.” He is not listed on Compensation or Nominating & Governance Committees.
- Audit Committee activity: Audit Committee (Park, Chair; Cho; Chung; Lee) held nine meetings in 2024.
- Attendance: In 2024, there were four regular and two special Board meetings; each director standing for re-election attended at least 75% of Board and applicable committee meetings; all but one director attended the 2024 annual shareholders’ meeting.
- Other public company boards/interlocks: None of the Company’s directors, including Park, serves on other public company boards. Compensation Committee reported no interlocks or related-party concerns in 2024.
| Committee | Role | 2024 Meetings |
|---|---|---|
| Audit Committee | Chair; Audit Committee Financial Expert | 9 |
| Compensation Committee | Not a member | — |
| Nominating & Governance Committee | Not a member | — |
Fixed Compensation
| Year | Cash Fees (Director/Committee Retainers) | Equity Awards | Consulting Fee | Total |
|---|---|---|---|---|
| 2024 | $102,000 | $— | $— | $102,000 |
- Director fee structure context (Bank Board): non-employee directors $8,000/month retainer; Bank Chair $9,500/month; Director’s Loan Committee +$500/month; Bank Risk & Compliance Chair (Daniel Cho) +$1,000/month; Company-only director (Rhee) $7,000/month.
Performance Compensation
- Non-employee directors, including Park, received no equity awards in 2024; no performance-conditioned director pay was disclosed.
Other Directorships & Interlocks
| Category | Entity | Role | Notes |
|---|---|---|---|
| Public company boards | — | — | None; PCB reports no directors serving on other public company boards. |
| Compensation interlocks | — | — | Compensation Committee disclosed no interlocking relationships in 2024. |
Expertise & Qualifications
- CPA with ~40 years’ accounting/finance experience across Big Four firms (EY, Arthur Andersen, PwC, Deloitte), middle-market practices, and private-company CFO roles; designated “audit committee financial expert.”
- Sector familiarity: broad industry exposure via audit/advisory and CFO posts; enhances oversight of internal controls, financial reporting, and related-party review.
- Education: B.A. Economics & Business, UCLA.
Equity Ownership
As of March 31, 2025.
| Holder | Common Shares | Options Exercisable Within 60 Days | Total Beneficial Ownership | % of Class |
|---|---|---|---|---|
| Hong Kyun “Daniel” Park (Director) | 24,200 | 6,930 | 31,130 | <1% |
- Notes: Table reflects beneficial ownership including options exercisable within 60 days; percent of class reported as less than 1%.
Governance Assessment
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Strengths: Independent director; Audit Committee Chair and designated financial expert; active committee cadence (9 audit meetings in 2024); no related-party transactions above disclosure thresholds in 2024; no outstanding insider loans as of year-end 2024; Board prohibits hedging by directors. These factors support oversight quality and investor alignment.
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Alignment and incentives: Park received cash-only director compensation in 2024 with no equity grants; his direct beneficial ownership is <1% of shares outstanding. While ownership exists (including options exercisable within 60 days), the absence of annual director equity awards in 2024 suggests limited ongoing equity-based alignment for that year. Continue to monitor future director equity grant policy.
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Conflicts/related-party exposure: Park is a partner at an external accounting firm; PCB disclosed no related-party transactions in 2024 and affirmed his independence. Audit Committee oversees related-party reviews; no such transactions or executive officer interlocks were reported. Maintain watch for any future engagements involving his firm.
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Attendance/engagement: Board-level attendance met the 75% threshold among directors standing for re-election; Audit Committee met frequently under his chairmanship, a positive signal for risk and control oversight.
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RED FLAGS (currently disclosed): None. No related-party transactions, no loans, no compensation interlocks, and independence affirmed. Monitor equity alignment (no 2024 director equity awards) and any potential external engagements involving Park’s accounting firm.