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M&A Deal Summary

Hope Bancorp Acquires Territorial

On April 29, 2024, Hope Bancorp acquired financial services company Territorial for 79M USD

Acquisition Highlights
  • This is Hope Bancorp’s 6th transaction in the Financial Services sector.
  • This is Hope Bancorp’s 3rd largest (disclosed) transaction.
  • This is Hope Bancorp’s 6th transaction in the United States.
  • This is Hope Bancorp’s 1st transaction in Hawaii.

M&A Deal Summary
Date 2024-04-29
Target Territorial
Sector Financial Services
Buyer(s) Hope Bancorp
Deal Type Merger
Deal Value 79M USD
Advisor(s) Keefe, Bruyette & Woods (Financial)
Luse Gorman (Legal)

Target

Territorial

Honolulu, Hawaii, United States
Territorial is the stock holding company for Territorial Savings Bank, a state-chartered savings bank. Territorial Savings Bank conducts business from its headquarters in Honolulu, Hawai‘i and has 28 branch offices in the state of Hawai‘i.

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Buyer(S) 1

Buyer

Hope Bancorp

Los Angeles, California, United States
Category Company
Founded 1986
Sector Financial Services
Employees1,244
Revenue 474M USD (2024)
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 1986 and is based in Los Angeles, California.

DEAL STATS #
Overall 6 of 6
Sector: Financial Services M&A 6 of 6
Type: Merger M&A Deals 3 of 3
State: Hawaii M&A 1 of 1
Country: United States M&A 6 of 6
Year: 2024 M&A 1 of 1
Size (of disclosed) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-07 Wilshire Bancorp

Los Angeles, California, United States

Wilshire Bancorp, Inc. is the parent company of Wilshire Bank, which operates 36 branch offices in California, Texas, New Jersey and New York, and 4 loan production offices in Bellevue, WA, Atlanta, GA, Aurora, CO, and Newark, CA, and is an SBA preferred lender nationwide.

Buy $1.0B
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