PCB Bancorp Receives Capital Investment Under the Emergency Capital Investment Program

May 24, 2022

On May 24, 2022, PCB Bancorp (NASDAQ: PCB), a California corporation (the “Company”), the holding company of Pacific City Bank (the “Bank”), received a capital investment of $69.1 million from the U.S. Department of Treasury (the “Treasury”) under the Emergency Capital Investment Program (“ECIP”). The Company issued 69,141 shares of Senior Non-Cumulative Perpetual Preferred Stock, Series C, liquidation preference of $1,000 per share (“Series C Preferred Stock”) for the investment under the ECIP. The Series C Preferred Stock is treated as tier 1 capital for the regulatory capital treatment.

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