LOS ANGELES--(BUSINESS
WIRE)--Aug. 31,
2005--Saehan Bancorp (OTCBB:SAEB
-
News) today
announced the relocation
of its branch office at
2754 Foothill Blvd in La
Crescenta, California,
to a newly renovated
branch facility located
at 2750 Foothill Blvd.
Saehan has scheduled
a dedication and ribbon
cutting ceremony for
September 9, 2005 at
10:00 a.m. Helen Yoo, a
17-year veteran of the
banking industry with
extensive branch
management experience,
will continue to serve
as vice president/branch
manager of the new
office location.
"The relocation of
our La Crescenta branch
provides Saehan with a
stronger local presence
in a region of Los
Angeles with favorable
economic demographics
that complement the
bank's niche market and
growth strategy," said
Joohak Kim, president
and chief executive
officer.
He highlighted
Saehan's personalized,
hands-on approach to
community banking and
its wide range of
banking and financial
services for
professionals, middle
market businesses and
entrepreneurs in the
Korean-American
community. "These
qualities and services
represent key
distinguishing
characteristics that
appeal to Saehan's
customers," Kim added.
About Saehan Bancorp
Saehan Bancorp is a
bank holding company
with headquarters in Los
Angeles, California. Its
wholly owned subsidiary,
Saehan Bank, offers a
comprehensive range of
financial solutions to
meet the needs of the
Korean-American
community in Los
Angeles. Saehan Bancorp
is committed to
satisfying customers and
creating shareholder
value. Its seven retail
branch offices,
International Department
and SBA Department of
Saehan Bank focus on
fulfilling these
commitments to customers
and shareholders.
Safe Harbor Statement
This press release
may contain
forward-looking
statements that are
subject to risks and
uncertainties that could
cause actual results to
differ materially from
the projected, including
descriptions of plans or
objectives of its
management for future
operations, products or
services, and forecasts
of its revenues,
earnings or other
measures of economic
performance.
Forward-looking
statements can be
identified by the fact
that they do not relate
strictly to historical
or current facts. They
often include the words
"believe," "expect,"
"anticipate," "intend,"
"plan," "estimate," or
words of similar
meaning, or future or
conditional verbs such
as "will," "would,"
"should," "could," or
"may."
Contact:
Saehan Bancorp
Daniel Kim, 213-637-4802
