CBB Bancorp, Inc., the parent company of Commonwealth Business Bank (OTCQX: CBBI), has announced significant changes to its executive leadership team, naming Bill Lee as Executive Vice President and Chief Credit Officer, and Alex Ko as Executive Vice President and Chief Financial Officer. These appointments, effective May 6, 2025, reflect the company’s ongoing commitment to strengthening its management structure as it continues to serve a diverse portfolio of business clients.
Bill Lee brings a robust background in commercial banking to his new role as Chief Credit Officer. With decades of experience in commercial real estate and commercial & industrial (C&I) lending, Lee has held a variety of credit-related leadership positions at prominent Korean American banks. His expertise spans credit risk management, loan portfolio oversight, and regulatory compliance, positioning him to oversee the bank’s lending practices and risk frameworks as the company navigates an evolving economic landscape.
Lee’s appointment comes at a time when credit quality and prudent risk management remain top priorities for regional banks. His deep understanding of the unique needs of small and medium-sized enterprises, particularly within the Korean American business community, is expected to support CBB Bank’s efforts to maintain a disciplined approach to credit while continuing to grow its loan portfolio.
Alex Ko has also been appointed as Executive Vice President and Chief Financial Officer. Ko’s career includes previous CFO roles at other financial institutions, where he was responsible for financial planning, reporting, and strategic capital management. His experience encompasses navigating regulatory requirements, overseeing budgeting processes, and implementing financial controls that support long-term organizational stability.
As CFO, Ko will be responsible for guiding CBB Bancorp’s financial strategy, ensuring transparency in financial reporting, and supporting the company’s growth initiatives. His leadership is expected to help the bank manage capital efficiently and respond to changing market conditions with agility.
CBB Bancorp, Inc. is the holding company for Commonwealth Business Bank, which operates under the name CBB Bank. The bank specializes in serving small to medium-sized businesses, offering a comprehensive suite of commercial banking services. CBB Bank’s footprint includes twelve full-service branch offices located in Los Angeles and Orange Counties in California, Dallas County in Texas, Honolulu in Hawaii, and Bergen County in New Jersey. In addition, the bank maintains loan production offices in Georgia, Washington, and New York.
CBB Bank’s focus on business banking is complemented by its commitment to community engagement and its understanding of the needs of diverse business owners. The bank’s leadership transition is designed to reinforce its position in key markets and support its ongoing expansion efforts.
The appointments of Bill Lee and Alex Ko mark a new chapter for CBB Bancorp as it continues to adapt to industry changes and pursue growth opportunities. Their combined expertise in credit management and financial stewardship is expected to enhance the bank’s ability to serve its clients and deliver value to shareholders.
