*FOR IMMEDIATE RELEASE FROM THE*
*WASHINGTON DEPARTMENT OF FINANCIAL INSTITUTIONS*

*Thursday, June 26, 2025**
**CONTACT*:
Lyn Peters, DFI Director of Communications
PH 360-902-8731, [email protected]

Division of Banks PH 360-902-8704, [email protected]

*Washington Department of Financial Institutions Division of Banks takes action against former bank employees for unsafe and unsound practices and breach of fiduciary duty *

Olympia – The Washington State Department of Financial Institutions (DFI) has signed a Consent Order [ [link removed] ] that settles the Amended Statement of Charges [ [link removed] ] issued July 15, 2024, brought against Sung Wan Kim, Peter Park, and Kwi Sun (Sunny) Kim regarding allegations of unsafe and unsound practices and breach of fiduciary duty.

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*About DFI* ▪ www.dfi.wa.gov [ [link removed] ] ▪ 360-902-8700 ▪ 877-RINGDFI (746-4334)
The Washington State Department of Financial Institutions regulates a variety of financial service providers such as banks, credit unions, mortgage brokers, consumer loan companies, payday lenders and securities brokers and dealers. The department also works to improve financial education throughout Washington through its outreach programs and online clearinghouse www.dfi.wa.gov/financial-education [ [link removed] ]. In addition to posting information about licensees and administrative actions, DFI uses the Web and social media to provide financial education information: [link removed] ■ www.instagram.com/wastatedfi/ [ [link removed] ] ■ [link removed] ■ [link removed] ■ [link removed] ■ www.homeownership.wa.gov [ [link removed] ] ■ www.linkedin.com/company/state-of-washington-department-of-financial-institutions/ [ [link removed] ] ■ [link removed]

*About the Division of Banks *▪ www.dfi.wa.gov/banks [ [link removed] ]▪ 360-902-8704
The Washington State Department of Financial Institutions Division of Banks regulates 53 Washington State-chartered commercial banks, stock savings banks, mutual savings banks, foreign banks, savings and loan associations and independent trust companies. We charter new banks, business development corporations, trust companies, foreign banks and savings and loan associations. Also, we authorize new branches and branch closures; and approve mergers and acquisitions.

 

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