Hope Bancorp, Inc.(HOPE)- NASDAQ
  • Tue, May 17, 8:16 AM
    • At this point, the merger of BBCN Bancorp (NASDAQ:BBCN) and Wilshire Bancorp (NASDAQ:WIBC) need only await shareholder votes.
    • The combined Korean-American bank would have total assets of $13.1B, total loans of $10.1B, and total deposits of $10.3B.
    • Wilshire owners will receive 0.7034 shares of BBCN common stock for each share of WIBC they own.
    • Source: Press Release
    | Tue, May 17, 8:16 AM
  • Nov. 23, 2015, 4:19 PM
    • The all-stock deal would see BBCN Bancorp (NASDAQ:BBCN) owners receive 0.7331 of a share of Hanmi (NASDAQ:HAFC) for each share of BBCN they own. Based on Hanmi's close today of $27.02, this works out to $19.81 per share versus BBCN's close of $18.25.
    • BBCN shareholders would represent about 65% of the combined company.
    • The deal would create the largest Korean-American banking franchise with about $12B in assets and $10B in deposits. Hanmi expects annual cost savings of roughly $50M-$60M (pretax), which represents 18-22% of the combined companies' cash non-interest expense base.
    • Hanmi for months has unsuccessfully tried to engage with BBCN on a deal, necessitating the need today to go public.
    | Nov. 23, 2015, 4:19 PM
  • Jun. 10, 2013, 6:50 AM

    Wilshire Bancorp (WIBC) announces the acquisition of BankAsiana in a deal which will double the size of its New York/New Jersey franchise. The transaction is valued at approximately $32.5M.

    | Jun. 10, 2013, 6:50 AM
Company Description
Hope Bancorp, Inc. is a holding company, which engages to provides banking services. The company was founded in February 2002 and is headquartered in Los Angeles, CA.
Sector: Financial
Industry: Regional - Pacific Banks
Country: United States