Bank of Hope - M&A Summary and Business Overview

Financial ServicesCompany

Bank of Hope M&A Summary

Bank of Hope has acquired 6 companies, including 1 in the last 5 years.

Bank of Hope’s largest acquisition to date was in 2015, when it acquired Wilshire Bancorp for $1.0B. Bank of Hope has acquired in 4 different US states. The Company’s most targeted sectors include financial services (100%).

Bank of Hope Business Overview

Where is Bank of Hope headquartered?

Bank of Hope is headquartered in Los Angeles, California.

What is Bank of Hope’s revenue?

Bank of Hope disclosed revenue of 624M USD for 2022 and 552M USD for 2021.

How many employees does Bank of Hope have?

Bank of Hope has 1,549 employees.

What sector is Bank of Hope in?

Bank of Hope is a financial services company.

When was Bank of Hope founded?

Bank of Hope was founded in 2000.

M&A Summary

  • M&A Total Activity6
    • M&A Buy Activity6
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Advisors 7

Bank of Hope

Hope Bancorp, Inc.

3200 Wilshire Boulevard Suite 1400,
Los Angeles, California 90010
United States,
(213) 639-1700
www.bankofhope.com

Bank of Hope is the holding company of Bank of Hope, the first and only super regional Korean-American bank in the United States. Formed through the merger of BBCN Bank and Wilshire Bank, the top two commercial lenders in the market, Bank of Hope is headquartered in Los Angeles and serves a multi-ethnic population of customers across the nation. Bank of Hope specializes in core business banking products for small and medium-sized businesses, with an emphasis in commercial real estate and commercial lending, SBA lending and international trade financing. 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 was founded in 2000 and is based in Los Angeles, California.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 5 - - - - 1 6
vol $1.3B $79M $1.4B
Sell (0.0/yr) # - - - - - - 0
  6

Most Recent M&A

Company Date Value Type
Territorial Bancorp, Inc. 2024-04-29 79M USD Merger
Honolulu, Hawaii · www.tsbhawaii.bank
Wilshire Bancorp, Inc. 2015-12-07 1.0B USD Merger
Los Angeles, California · www.wilshirebank.com
Foster Bankshares, Inc. 2013-04-16 5M USD Merger
Rolling Meadows, Illinois · www.fosterbank.com
Pacific International Bancorp, Inc. 2013-02-15 8M USD Add-on Acquisition
Seattle, Washington
Center Financial Corp. 2011-11-30 286M USD Add-on Acquisition
Los Angeles, California · www.centerbank.com
Asiana Bank 2003-05-23 8M USD Add-on Acquisition
Sunnyvale, California
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Financial Services 6 (100%) 1.4B (100%) - -
Total 6 $1.4B - -

By Geo

State/Country Buy Value Sell Value
United States 6 1.4B - -
  California 3 1.3B - -
  Washington 1 8M - -
  Illinois 1 5M - -
  Hawaii 1 79M - -
Total 6 $1.4B - -

Top M&A Advisors

Financial Deals
Keefe, Bruyette, & Woods, Inc.
 2
Raymond James - Investment Banking
 1
D.A. Davidson & Co.
 1
Legal Deals
Morrison & Foerster
 2
GreenbergTraurig
 1
Mayer Brown
 1

Deal Values

buy # Total
> $1B 1 $1.0B
$100M to $1B 1 $286M
< $100M 4 $99M
TOTAL $1.4B
Largest Wilshire Bancorp, Inc.
$1.0B (2015-12-07)

Company Summary

SECTOR

Financial Services

Revenue

624   14% 2022
552   8% 2021
514   1% 2020
511   7% 2019
545   1% 2018
547   33% 2017
412   2016
(millions of USD) Show More Show Less

Employees

1,549

Established

2000

Public

NASDAQ: HOPE

Former Name

BBCN Bancorp, Inc.

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