Market Overview

Pacific City Financial Corporation Launches Initial Public Offering of Common Stock

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Pacific City Financial Corporation ("Pacific City"), the bank holding
company for Pacific City Bank, today announced the launch of its initial
public offering of shares of its common stock. Pacific City intends to
offer 2,385,000 shares of its common stock. Pacific City also expects to
grant the underwriters a 30-day option to purchase up to an additional
357,750 shares of its common stock. The initial public offering price is
currently expected to be between $20.00 and $22.00 per share. In
connection with the initial public offering, Pacific City intends to
list its common stock on NASDAQ Global Market under the trading symbol
"PCB."

Pacific City intends to use the net proceeds from the proposed offering
for general corporate purposes, including maintenance of its required
regulatory capital, to support future organic growth and other strategic
alternatives.

Keefe, Bruyette & Woods, A Stifel Company, Raymond James, and
Sandler O'Neil + Partners, L.P. are acting as joint book-running
managers for the proposed offering.

The proposed offering will be made only by means of a prospectus. Copies
of the preliminary prospectus relating to the proposed offering may be
obtained from Keefe, Bruyette & Woods, Inc., 787 Seventh Avenue, 4th
Floor, New York, New York 10019, Attention: Equity Capital Markets, or
by calling toll-free 1-800-966-1559, from Raymond James & Associates,
Inc., 880 Carillon Parkway, St. Petersburg, Florida 33716, Attention
Equity Capital Markets, or by calling (800)-248-8863, and from Sandler
O'Neill + Partners, L.P., Attention: Syndicate, 1251 Avenue of the
Americas, 6th Floor, New York, New York 10020, by emailing syndicate@sandleroneill.com
or by calling (866) 805-4128.

A registration statement relating to these securities has been filed
with the Securities and Exchange Commission but has not yet become
effective. These securities may not be sold nor may offers to buy these
securities be accepted prior to the time the registration statement
becomes effective. This press release shall not constitute an offer to
sell or the solicitation of an offer to buy, nor shall there be any sale
of these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.

About Pacific City Financial Corporation

Pacific City is the bank holding company for Pacific City Bank, a $1.6
billion asset bank, offering a full suite of commercial banking services
through its wholly owned subsidiary, Pacific City Bank, a California
state chartered bank, to small to medium-sized businesses, individuals
and professionals, primarily in Southern California, and predominantly
in Korean-American and other minority communities.

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