FORT LEE, N.J., March 11, 2016 /PRNewswire/ -- On March 11, 2016, Noah Bank named Dong Pil Joo as First Executive Vice President and Chief Loan Officer. In this position, Mr. Joo will manage all lending activity, including SBA and commercial lending, as well as loan portfolio management and collections. Mr. Joo has over 20 years of banking experience.
Chairman Young Man Kim stated, "The Board is satisfied that Noah Bank has retained a qualified Chief Lending Officer with such credentials and is looking forward to the continual effort to improve the operation of the Bank and the level of service to the customers in the communities we serve."
As of December 31, 2015, Noah Bank had assets of approximately $311 million, deposits of approximately $258 million, and loans of approximately $229 million (net of loan loss allowance). Noah Bank's capital ratios were 12.39% Tier 1 Leverage Ratio, 16.19% Tier 1 Capital Ratio, and 21.70% Total Risk-Based Capital Ratio on that date.
About Noah Bank
With its legal headquarters in Elkins Park, PA, Noah Bank is a Pennsylvania-chartered bank that was launched in 2004. Operational headquarters are in Fort Lee, New Jersey. Noah Bank provides banking products and services to businesses and consumers primarily in the Asian-American communities of Southeastern Pennsylvania, Northern New Jersey, Manhattan, New York and Flushing, New York. More information is available at www.noahbank.com.
SOURCE Noah Bank