OP Bancorp

About OP Bancorp

Open Bank is a financial institution committed to customer security and community growth. It aims to provide convenient and efficient banking solutions, as highlighted by its mobile and online banking services, and is honored to be the only Korean American bank to earn an 'Outstanding' rating from a recent CRA evaluation.

Products & Services

Deposit Products:Includes personal checking (Simple Checking, Standard EZ Checking), business checking, savings accounts (Certificate of Deposit, Installment Accounts, Wellbeing Money Market Accounts, Retirement Accounts), and specialty deposits (Title and Escrow, 1031 Exchange, Property Managers and Homeowner's Association).

Lending Services:Offers commercial lending, trade finance, SBA loans up to $5 million, and home loans tailored to customer needs.

Additional Services:Includes cash management, credit and debit cards, e-statements, merchant services, mobile banking, online banking, safe deposit boxes, telephone banking, wire transfers, and Zelle for fast money transfers.

Specialties

SBA Loans (specializing in SBA 7(a) loans up to $5 million) Home Loans Community Banking (focus on Korean American community) Digital Banking (mobile and online banking solutions)

Funding History

Debug: View Raw Funding Data

#	Type	Amount Fields	Date Fields	Investors
1	RT: Subordinated Note T: - FT: Subordinated Note	A: 25000000 MR: - FA: $25 million FAN: 25000000	D: 2025-11-07 FD: 2025-11-07	-

Subordinated Note Latest

2025-11-07

$25.0M

Growth Metrics

+45%

Employee Growth

YoY

3.2x

Funding Growth

Last Round

12

Markets

Operating

10K+

Customers

Active

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Mock Up

Team & Leadership

M

Min Kim

CEO and President

S

Sang Oh

New President

Recent News

OP Bancorp Announces New Product Launch

2 days ago

Company unveils innovative solution to transform the industry, expanding market reach and capabilities...

Leadership Team Expands with Industry Veteran

1 week ago

New executive brings 20+ years of experience to accelerate growth and strategic initiatives...

Company Recognized as Industry Leader

2 weeks ago

Receives prestigious award for innovation and customer satisfaction in competitive market...

Key Competitors

C1

Competitor Alpha

Series B · $50M raised

C2

Competitor Beta

Series C · $120M raised

C3

Competitor Gamma

Series A · $25M raised

C4

Competitor Delta

Seed · $10M raised