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Wilshire Bank Recognized as Largest SBA Lender in Los Angeles

 

Feb. 3 - Wilshire Bank, a subsidiary of Wilshire Bancorp, Inc., has been recognized by the U.S. Small Business Administration as the largest producer of SBA loans in the SBA Los Angeles District (Los Angeles, Santa Barbara and Ventura

Counties) for fiscal year 2013. Wilshire Bank originated 130 SBA loans totaling $46.1 million in the Los Angeles District during the SBA fiscal year ended September 30, 2013.

"This recognition is a testament to the hard work we have done to create a highly efficient process for underwriting SBA loans and helping small businesses quickly obtain the credit they need to manage and grow their businesses," said Jae Whan (J.W.) Yoo, President and CEO of Wilshire Bancorp. "We continued our strong momentum in the December quarter with our highest level of SBA loan production in the history of the Bank. I would like to congratulate our SBA lending team for their outstanding work and their success in establishing Wilshire Bank as the largest SBA lender in the Los Angeles District."

ABOUT WILSHIRE BANCORP

Headquartered in Los Angeles, Wilshire Bancorp is the parent company of Wilshire Bank, which operates 38 branch offices in California, Texas, New Jersey and New York, and nine loan production offices in Dallas and Houston, TX, Atlanta, GA, Aurora, CO, Annandale, VA, Fort Lee, NJ, Newark, CA, New York, NY, and Bellevue, WA, and is an SBA preferred lender nationwide. Wilshire Bank is a community bank with a focus on commercial real estate lending and general commercial banking, with its primary market encompassing the multi-ethnic populations of the Los Angeles Metropolitan area. For more information, please go to www.wilshirebank.com.


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