Li-Pei Wu has resigned as chairman of GBC Bancorp, according to sources within and outside the bank holding company - settling, at least temporarily, a boardroom battle over whether to sell the parent of General Bank, one of L.A.'s oldest Taiwanese-American-run banks.
As of late last week, a successor to Wu hadn't been named. The board was holding its regular monthly meeting last Thursday, and GBC is scheduled to report its fourth quarter earnings on Jan. 23.
"An announcement ...