Latest news with #BankofHope
Business Wire
25-07-2025
- Business
- Business Wire
Hope Bancorp to Participate in the 26 th Annual KBW Community Bank Investor Conference
LOS ANGELES--(BUSINESS WIRE)--Hope Bancorp, Inc. (NASDAQ: HOPE) today announced that executive management will be participating in the 26 th Annual KBW Community Bank Investor Conference in New York City, July 29, 2025. A copy of the investor presentation being used for meetings with institutional investors will be available in the Investor Relations section of the Company's website at About Hope Bancorp, Inc. Hope Bancorp, Inc. (NASDAQ: HOPE) is the holding company of Bank of Hope, the only regional Korean American bank in the United States, with $18.55 billion in total assets as of June 30, 2025. With the addition of Territorial Savings, a division of Bank of Hope, effective April 2, 2025, the Company became the largest regional bank catering to multicultural customers across the continental United States and Hawaii. Headquartered in Los Angeles, the Bank provides a full suite of commercial, corporate and consumer loans, deposit and fee-based products and services, including commercial and commercial real estate lending, SBA lending, residential mortgage and other consumer lending; treasury management services, foreign currency exchange solutions, interest rate derivative products, and international trade financing, among others. The Bank operates 46 full-service branches in California, New York, New Jersey, Washington, Texas, Illinois, New York, New Jersey, Alabama and Georgia under the Bank of Hope banner, and 29 branches in Hawaii under the Territorial Savings banner. The Bank also operates SBA loan production offices, commercial loan production offices, and residential mortgage loan production offices throughout the United States, and a representative office in Seoul, South Korea. Bank of Hope is a California-chartered bank, and its deposits are insured by the FDIC to the extent provided by law. Bank of Hope is an Equal Opportunity Lender. For additional information, please go to for Bank of Hope and for Territorial Savings, a division of Bank of Hope. By including the foregoing website address links, the Company does not intend to and shall not be deemed to incorporate by reference any material contained or accessible therein.
Business Wire
08-07-2025
- Business
- Business Wire
Hope Bancorp to Report 2025 Second Quarter Financial Results on Tuesday, July 22, 2025
LOS ANGELES--(BUSINESS WIRE)--Hope Bancorp, Inc. (NASDAQ: HOPE) today announced that the Company will report financial results for its second quarter and six months ended June 30, 2025, before the markets open on Tuesday, July 22, 2025. A conference call to discuss 2025 second quarter financial results will be held on Tuesday, July 22, 2025, at 9:30 a.m. Pacific Time / 12:30 p.m. Eastern Time. A presentation deck to accompany the earnings call will be available at Hope Bancorp's investor relations website, Institutional investors and analysts are invited to access the conference call by dialing 866-235-9917 (domestic) or 412-902-4103 (international) and asking for the 'Hope Bancorp Call.' Other interested parties are invited to participate via a live webcast of the call available at Hope Bancorp's investor relations website, After the live webcast, the archived webcast will remain available in Hope Bancorp's investor relations website for one year. A telephonic replay of the call will be available at 877-344-7529 (domestic) or 412-317-0088 (international) for one week through July 29, 2025, replay access code 5724457. About Hope Bancorp, Inc. Hope Bancorp, Inc. (NASDAQ: HOPE) is the holding company of Bank of Hope, the only regional Korean American bank in the United States with $17.07 billion in total assets as of March 31, 2025. With the addition of Territorial Savings, a division of Bank of Hope, effective April 2, 2025, the Company became the largest regional bank catering to multicultural customers across the continental United States and Hawaii. Headquartered in Los Angeles, the Bank provides a full suite of commercial, corporate and consumer loans, deposit and fee-based products and services, including commercial and commercial real estate lending, SBA lending, residential mortgage and other consumer lending; treasury management services, foreign currency exchange solutions, interest rate derivative products, and international trade financing, among others. The Bank operates 46 full-service branches in California, New York, New Jersey, Washington, Texas, Illinois, New York, New Jersey, Alabama and Georgia under the Bank of Hope banner, and 29 branches in Hawaii under the Territorial Savings banner. The Bank also operates SBA loan production offices, commercial loan production offices, and residential mortgage loan production offices throughout the United States, and a representative office in Seoul, South Korea. Bank of Hope is a California-chartered bank, and its deposits are insured by the FDIC to the extent provided by law. Bank of Hope is an Equal Opportunity Lender. For additional information, please go to for Bank of Hope and for Territorial Savings, a division of Bank of Hope. By including the foregoing website address links, the Company does not intend to and shall not be deemed to incorporate by reference any material contained or accessible therein.
Yahoo
02-04-2025
- Business
- Yahoo
Hope Bancorp closes drawn-out deal to buy Hawaii bank
Hope Bancorp closed its acquisition of Territorial Bancorp in Honolulu on Wednesday, culminating a lengthy and at times controversial deal process. When the Los Angeles-based Hope announced the all-stock deal in April 2024, it had expected to close it by the end of the year. But its $78.6 million offer was challenged by a competing bid from an investor group led by Blue Hill Advisors and former Bank of Hawaii CEO Allan Landon. The Blue Hill-led group initially made a cash bid in August that valued Territorial at $12 per share and then upped that offer to $12.50 per share, about 50% more than Hope's estimated price tag. "We think our offer is clearly superior," Landon told American Banker last fall. But Territorial's board of directors ultimately rejected the competing offer, saying it was "inferior" to Hope's because it presented a range of uncertainties. These included a lack of evidence that the competing offer would get prompt regulatory approval. Territorial noted it would have to pay Hope a $3 million termination fee to pursue the investor group's offer, and it said the deal with Hope also prevented it from considering competing offers that were not clearly superior. Ultimately, Territorial's shareholders voted in favor of the sale to Hope in November, with more than 5 million votes cast for the deal versus 1.9 million against it. Regulators approved the transaction in March. "We are excited to have completed this combination and to officially welcome Territorial customers and team members to the Bank of Hope family," Kevin Kim, Hope's chairman and CEO, said in a statement Wednesday. With the acquisition, Hope gains about $2 billion of assets and entrance to Hawaii. It now is a $19 billion-asset bank with about 80 branches in nine states. About 30 of those branches are in Hawaii. Hope has traditionally focused on Korean-American communities. "We believe this combination will strengthen our position as one of the leading Asian-American banks in the country, add a stable, low-cost deposit base to the combined company, and accelerate the diversification of our loan mix with the addition of a residential mortgage portfolio with excellent asset quality," Kim said in a statement last month after securing regulators' go-ahead. "We look forward to building on Territorial's legacy of exemplary customer service and support of local communities in a strategically important market," he added. Hope said in the release Wednesday that the former Territorial Savings Bank now operates under the trade name Territorial Savings, a division of Bank of Hope. Hope kept the name to preserve "the 100-plus year legacy of the Territorial brand, culture and commitment to local communities," it said. Territorial was the fifth largest deposit-holder in Hawaii, according to the Federal Deposit Insurance Corp. The merger creates the largest regional bank catering to multi-ethnic customers across the continental U.S. and the Hawaiian Islands, Hope said. When the deal was announced, Hope said it expected the transaction to be about 6% dilutive to its tangible book value, and that it would earn back the dilution in three years. Hopet had also estimated that its shareholders would own about 94.4% of the combined entity, while Territorial shareholders would own about 5.6%.
Associated Press
02-04-2025
- Business
- Associated Press
Hope Bancorp Completes Merger With Territorial Bancorp
Hope Bancorp, Inc. ('Hope Bancorp') (NASDAQ: HOPE), the holding company of Bank of Hope, today announced the completion of its merger with Honolulu-based Territorial Bancorp Inc. ('Territorial'), the holding company for Territorial Savings Bank. Effective as of April 2, 2025, Territorial Savings Bank will operate under the trade name Territorial Savings, a division of Bank of Hope, preserving the 100-plus year legacy of the Territorial brand, culture and commitment to local communities. 'We are excited to have completed this combination and to officially welcome Territorial customers and team members to the Bank of Hope family,' stated Kevin S. Kim, Chairman, President and Chief Executive Officer of Hope Bancorp. 'With the addition of Territorial Savings, Bank of Hope has become the largest regional bank catering to multi-cultural customers across the continental United States and Hawaii.' Pursuant to the merger agreement, Territorial shareholders have the right to receive 0.8048 shares of Hope Bancorp common stock in exchange for each share of Territorial common stock they own. About Hope Bancorp, Inc. Hope Bancorp, Inc. (NASDAQ: HOPE) is the holding company of Bank of Hope, the only regional Korean American bank in the United States with $17.05 billion in total assets as of December 31, 2024. With the addition of Territorial Savings, a division of Bank of Hope, effective April 2, 2025, the Company became the largest regional bank catering to multi-cultural customers across the continental United States and Hawaii. Headquartered in Los Angeles, the Bank provides a full suite of commercial, corporate and consumer loans, deposit and fee-based products and services, including commercial and commercial real estate lending, SBA lending, residential mortgage and other consumer lending; treasury management services, foreign currency exchange solutions, interest rate derivative products, and international trade financing, among others. The Bank operates 46 full-service branches in California, New York, New Jersey, Washington, Texas, Illinois, New York, New Jersey, Alabama, and Georgia under the Bank of Hope banner, and 29 branches in Hawaii under the Territorial Savings banner. The Bank also operates SBA loan production offices, commercial loan production offices, and residential mortgage loan production offices throughout the United States, and a representative office in Seoul, South Korea. Bank of Hope is a California-chartered bank, and its deposits are insured by the FDIC to the extent provided by law. Bank of Hope is an Equal Opportunity Lender. For additional information, please go to for Bank of Hope and for Territorial Savings, a division of Bank of Hope. By including the foregoing website address link, Hope Bancorp does not intend to and shall not be deemed to incorporate by reference any material contained or accessible therein. Forward-Looking Statements Some statements in this news release may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include, but are not limited to, statements preceded by, followed by or that include the words 'will,' 'believes,' 'expects,' 'anticipates,' 'intends,' 'plans,' 'estimates' or similar expressions. With respect to any such forward-looking statements, Hope Bancorp claims the protection provided for in the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties. Hope Bancorp's actual results, performance or achievements may differ significantly from the results, performance or achievements expressed or implied in any forward-looking statements. Factors that may cause actual outcomes to differ from what is expressed or forecasted in these forward-looking statements include, among things: difficulties and delays in integrating Hope Bancorp and Territorial and achieving anticipated synergies, cost savings and other benefits from the transaction; higher than anticipated transaction costs; and deposit attrition, operating costs, customer loss and business disruption following the merger, including difficulties in maintaining relationships with employees and customers, may be greater than expected. Other risks and uncertainties include, but are not limited to: possible renewed deterioration in economic conditions in Hope Bancorp's areas of operation or elsewhere; interest rate risk associated with volatile interest rates and related asset-liability matching risk; liquidity risks; risk of significant non-earning assets, and net credit losses that could occur, particularly in times of weak economic conditions or times of rising interest rates; the failure of or changes to assumptions and estimates underlying Hope Bancorp's allowances for credit losses; potential increases in deposit insurance assessments and regulatory risks associated with current and future regulations; the outcome of any legal proceedings that may be instituted against Hope Bancorp; and risks from natural disasters. For additional information concerning these and other risk factors, see Hope Bancorp's most recent Annual Report on Form 10-K. Hope Bancorp does not undertake, and specifically disclaims any obligation, to update any forward-looking statements to reflect the occurrence of events or circumstances after the date of such statements except as required by law. Julianna Balicka 213-235-3235 Angie Yang 213-251-2219 INDUSTRY KEYWORD: BANKING PROFESSIONAL SERVICES FINANCE SOURCE: Hope Bancorp, Inc. Copyright Business Wire 2025. PUB: 04/02/2025 06:30 AM/DISC: 04/02/2025 06:30 AM
Associated Press
27-01-2025
- Business
- Associated Press
Hope Bancorp Declares Quarterly Cash Dividend of $0.14 Per Share
Hope Bancorp, Inc. (the 'Company') (NASDAQ: HOPE) today announced that its Board of Directors declared a quarterly cash dividend of $0.14 per common share. The dividend is payable on or about February 20, 2025, to all stockholders of record as of the close of business on February 6, 2025. About Hope Bancorp, Inc. Hope Bancorp, Inc. (NASDAQ: HOPE) is the holding company of Bank of Hope, the first and only super regional Korean American bank in the United States with $17.05 billion in total assets as of December 31, 2024. Headquartered in Los Angeles and serving a multi-ethnic population of customers across the nation, the Bank provides a full suite of commercial, corporate and consumer loans, including commercial and commercial real estate lending, SBA lending, residential mortgage and other consumer lending; deposit and fee-based products and services; international trade financing; and cash management services, foreign currency exchange solutions, and interest rate derivative products, among others. Bank of Hope operates 46 full-service branches in California, Washington, Texas, Illinois, New York, New Jersey, Alabama, and Georgia. The Bank also operates SBA loan production offices, commercial loan production offices, and residential mortgage loan production offices in the United States; and a representative office in Seoul, Korea. Bank of Hope is a California-chartered bank, and its deposits are insured by the FDIC to the extent provided by law. Bank of Hope is an Equal Opportunity Lender. For additional information, please go to By including the foregoing website address link, the Company does not intend to and shall not be deemed to incorporate by reference any material contained or accessible therein. 213-235-3235 [email protected] Yang 213-251-2219 SOURCE: Hope Bancorp, Inc. Copyright Business Wire 2025. PUB: 01/27/2025 07:32 AM/DISC: 01/27/2025 07:32 AM
