OP Bancorp, a California commercial bank primarily serving Korean-American communities, filed on Monday with the SEC to raise up to $20 million in an initial public offering.
The Los Angeles, CA-based company was founded in 2005 and booked $45 million in revenue for the 12 months ended December 31, 2017. It plans to list on the Nasdaq under the symbol OPBK. OP Bancorp filed confidentially on November 22, 2017. Keefe Bruyette Woods is the sole bookrunner on the deal. No pricing terms were disclosed.
