Pacific City Bank

Pacific City Bank is a financial institution headquartered in the United States, with its operations centered in California. The bank primarily serves the Korean-American community, offering traditional banking products such as deposit accounts, loans, and other financial services tailored to that demographic. Its focus on a specific ethnic community distinguishes it from larger, nationwide banks that cater to a broader audience. Being California-based situates it within a state known for a diverse population and a robust financial sector. The institution’s size and exact market share are not disclosed in the available sources.

In September 2021, Pacific City Bank experienced a ransomware attack carried out by the AVOS Locker group. The attackers exfiltrated sensitive documents, published proof of the compromised data on a leak site, and threatened to release all stolen information unless negotiations were pursued. They also publicly criticized the bank’s security measures as inadequate, highlighting operational disruptions and potential exposure of confidential customer or business data. This incident underscored the vulnerabilities that even community-focused financial institutions can face in the evolving threat landscape. The incident was documented by cybersecurity news outlet Security Affairs, which provided details on the ransomware group's tactics and the bank's response.