CBB Bancorp, Inc., the parent company of Commonwealth Business Bank, has entered an important new chapter with the appointment of Seungho Park as its next President and CEO. Beginning November 21, 2025, Park will take over the leadership role from Richard Koh, who stepped in earlier this year and helped guide the organization through a period of transition after joining as CFO in 2023.
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For those who have worked with Park, this moment feels like a natural progression. Over the course of nearly 30 years in banking, he has built a reputation not just for his financial expertise, but for his steady leadership and deep understanding of the Korean American business community. At CBB, he most recently oversaw commercial banking and led its Eastern Region roles that allowed him to demonstrate his ability to grow business lines while building genuine relationships with the customers and communities the bank serves.
Before coming to CBB, Park held significant responsibilities at Bank of Hope, managing operations across several major states including New York, New Jersey, Virginia, Georgia, and Alabama. Colleagues often describe him as someone who leads with both strategy and heart someone who knows how to navigate numbers, people, and complex markets with equal ease.
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Chairwoman Soon Pak spoke warmly about the Board’s confidence in Park’s leadership. “Seungho Park brings years of experience in the Korean American banking market, and he has consistently demonstrated the ability to generate profitable growth,” she said. “We fully believe he is the right person to guide CBB Bancorp and CBB Bank into the future.”
Park steps into the CEO role at a meaningful time for CBB, as the bank continues to grow its footprint and strengthen its services for business owners and communities across its markets. His appointment signals a forward-looking vision one grounded in experience, but energized by fresh leadership.
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