PCB Bancorp is Eligible to Participate in the Emergency Capital Investment Program

Dec 16, 2021

On December 14, 2021, the U.S. Department of Treasury (the “Treasury”) informed PCB Bancorp, a California corporation (the “Company”), the holding company of Pacific City Bank (the “Bank”), that the Treasury has reviewed the Company’s application to receive a capital investment from the Treasury under the Emergency Capital Investment Program (“ECIP”), and that the Company would be eligible to receive an ECIP investment in an amount up to $69,141,000 in the form of in non-dilutive Tier 1 senior perpetual preferred capital. The Company has not yet determined whether it will accept the offer to receive the ECIP investment.

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