M&A Deal Summary

Hope Bancorp Acquires Asiana Bank

On May 23, 2003, Hope Bancorp acquired financial services company Asiana Bank for 8M USD

Acquisition Highlights
  • This is Hope Bancorp’s 1st transaction in the Financial Services sector.
  • This is Hope Bancorp’s 5th largest (disclosed) transaction.
  • This is Hope Bancorp’s 1st transaction in the United States.
  • This is Hope Bancorp’s 1st transaction in California.

M&A Deal Summary
Date 2003-05-23
Target Asiana Bank
Sector Financial Services
Buyer(s) Hope Bancorp
Deal Type Add-on Acquisition
Deal Value 8M USD
Advisor(s) Macquarie Capital (Financial)
Bingham McCutchen LLP (Legal)

Target

Asiana Bank

Sunnyvale, California, United States
Asiana, which was established in 1999 and currently has two branches, focuses mainly on commercial lending to the northern California Korean community. As of March 31, 2003, Asiana had approximately $43.8 million in assets, $37.7 million in deposits and $26.1 million in loans.

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Buyer(S) 1

Buyer

Hope Bancorp

Los Angeles, California, United States
Category Company
Founded 2000
Sector Financial Services
Employees1,227
Revenue 571M USD (2023)
DESCRIPTION

Hope Bancorp operates as the bank holding company for Bank of Hope that provides retail and commercial banking services for businesses and individuals. Hope Bancorp was founded in 2000 and is based in Los Angeles, California.

DEAL STATS #
Overall 1 of 6
Sector (Financial Services) 1 of 6
Type (Add-on Acquisition) 1 of 3
State (California) 1 of 3
Country (United States) 1 of 6
Year (2003) 1 of 1
Size (of disclosed) 5 of 6
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-30 Center Financial

Los Angeles, California, United States

Center Financial Corp., offers financial services.

Buy $286M
Mergr

Product

Company

Legal