The estimated Net Worth of Phillip Thong is at least $285 mil dollars as of 24 May 2021. Mr. Thong owns over 1,053 units of First Choice Bancorp stock worth over $171,224 and over the last 5 years he sold FCBP stock worth over $0. In addition, he makes $113,754 as Independent Vice Chairman of the Board at First Choice Bancorp.
Phillip has made over 7 trades of the First Choice Bancorp stock since 2019, according to the Form 4 filled with the SEC. Most recently he bought 1,053 units of FCBP stock worth $34,128 on 24 May 2021.
The largest trade he's ever made was buying 2,065 units of First Choice Bancorp stock on 3 September 2020 worth over $32,235. On average, Phillip trades about 954 units every 58 days since 2019. As of 24 May 2021 he still owns at least 5,884 units of First Choice Bancorp stock.
You can see the complete history of Mr. Thong stock trades at the bottom of the page.
Phillip T. Thong serves as Independent Vice Chairman of the Board of the Company. Mr. Thong is a founding member of First Choice Bank, having served as Vice Chairman since inception in August 2005, and as Vice Chairman of First Choice Bancorp since inception in September 2017. Mr. Thong is a Certified Public Accountant / Business Advisor, he is the Founder and Managing Partner of his own firm, Phillip T. Thong CPA, and has over 35 years of related experience including private and public accounting, management consulting, mergers & acquisitions, and other such areas. He previously was a Founder and Managing Partner of Thong, Yu, Wong & Lee, LLP, from 1982 until 2017. Mr. Thong currently is an honorary chairman of Cambodia Town Inc. and a member of the Advisory Board of CHPAA. He is a member of American Institute of Certified Public Accountants and California Society of Certified Public Accountants. Formerly, Mr. Thong was a member of the advisory board of the Senate Select Committee on Small Business Enterprises. Mr. Thong previously served as a member of the Board of Directors and Chairman of the Audit Committee at International Bank of California. Mr. Thong holds a BS degree in Accounting from West Coast University in Los Angeles, California and a Master’s in Business Administration from California State Polytechnic University in Pomona, California.
As the Independent Vice Chairman of the Board of First Choice Bancorp, the total compensation of Phillip Thong at First Choice Bancorp is $113,754. There are 4 executives at First Choice Bancorp getting paid more, with Robert Franko having the highest compensation of $977,393.
Phillip Thong is 64, he's been the Independent Vice Chairman of the Board of First Choice Bancorp since 2005. There are 7 older and 3 younger executives at First Choice Bancorp. The oldest executive at First Choice Bancorp is Fred Jensen, 82, who is the Independent Director.
Phillip's mailing address filed with the SEC is 17785 CENTER COURT DRIVE, SUITE 750, CERRITOS, CA, 90703.
Over the last 5 years, insiders at First Choice Bancorp have traded over $409,384 worth of First Choice Bancorp stock and bought 117,782 units worth $2,375,727 . The most active insiders traders include Peter Hui, Lynn M Hopkins y Pravin Pranav. On average, First Choice Bancorp executives and independent directors trade stock every 9 days with the average trade being worth of $64,457. The most recent stock trade was executed by Pravin Pranav on 27 May 2021, trading 1,498 units of FCBP stock currently worth $48,026.
First Choice Bancorp, headquartered in Cerritos, California, is the sole shareholder of and the registered bank holding company for, First Choice Bank. As of December 31, 2020, First Choice Bancorp had total consolidated assets of $2.28 billion. First Choice Bank, also headquartered in Cerritos, California, is a community-based financial institution that serves primarily commercial and consumer clients in diverse communities and specializes in loans to small- to medium-sized businesses and private banking clients, commercial and industrial loans, and commercial real estate loans. First Choice Bank is a Preferred Small Business Administration (SBA) Lender. First Choice Bank conducts business through eight full-service branches and two loan production offices located in Los Angeles, Orange and San Diego Counties. Founded in 2005, First Choice Bank has quickly become a leading provider of financial services that enable its customers to grow, maintain strength, and achieve their business objectives. The bank strives to surpass its clients' expectations through its efficiency, personalized services and financial solutions and professionalism and are committed to being 'First in Speed, Service, and Solutions.' First Choice Bank is a strong believer in social justice and equality and is proud of its cultural- and gender-diverse workforce. As of December 31, 2020, more than 74% of the Company's total workforce identified as ethnic minorities and more than 66% of its workforce and more than 50% of its senior management identified as female.
First Choice Bancorp executives and other stock owners filed with the SEC include: