Pacific City Financial Corporation announced the appointment of Sang Young Lee as the new Chairman of the Board of Pacific City Financial Corporation and its wholly owned subsidiary, Pacific City Bank. Chairman Lee replaces Kwang Jin Chung, who will continue to serve as a director of both Company and Bank. Chairman Lee as the shareholder is one of the founding members of Bank and has been a member of the board of directors of Bank and Company since inception. Mr. Lee served as Chairman of the Board between 2009 and 2012, a period at the height of the financial crisis. During this critical period, as the Chairman of the Board, Mr. Lee helped to navigate the Bank back to profitability and to one of the best performing community banks in the nation.