Hope Bancorp COO Malone to retire effective December 31, 2021

Dec. 08, 2021 4:35 AM ETHope Bancorp, Inc. (HOPE)By: Meghavi Singh, SA News Editor

Hope Bancorp (NASDAQ:HOPE) announced the planned retirement of President and Chief Operating Officer of Bank of Hope David P. Malone effective December 31, 2021.
Mr. Malone will continue to serve as a member of the board of the Hope Bancorp and Bank of Hope.
The Company also announced the promotion of Peter Koh to Senior Executive Vice President and Chief Operating Officer of Bank of Hope effective January 1, 2022.
In connection with the retirement of Mr. Malone as President of the Bank, Chairman, President and Chief Executive Officer of the Company and Chairman and Chief Executive Officer of the Bank Kevin S. Kim will re-assume the role of President of the Bank.
Previously from July 29, 2016, Mr. Kim had served as President and Chief Executive Officer of the Company and Bank prior to the appointment of Mr. Malone as President of the Bank effective July 1, 2019.