On and effective January 21, 2016, Messrs. Kiho Choi and C.K. (Chuck) Hong resigned from the Boards of Directors of BBCN Bancorp, Inc. and BBCN Bank. On January 21, 2016, Mr. Choi delivered an electronic message to the Company regarding his resignation, noting appreciation for the opportunity and experience of serving on the Board of Directors and wishing the best for the company.

Mr. Choi had been a member of the following Board committees: (i) Audit, (ii) Asset/Liability and (iii) Risk and Compliance.