M&A Deal Summary

Hope Bancorp Acquires Wilshire Bancorp

On December 7, 2015, Hope Bancorp acquired financial services company Wilshire Bancorp for 1.0B USD

Acquisition Highlights
  • This is Hope Bancorp’s 5th transaction in the Financial Services sector.
  • This is Hope Bancorp’s largest (disclosed) transaction.
  • This is Hope Bancorp’s 5th transaction in the United States.
  • This is Hope Bancorp’s 3rd transaction in California.

M&A Deal Summary
Date 2015-12-07
Target Wilshire Bancorp
Sector Financial Services
Buyer(s) Hope Bancorp
Deal Type Merger
Deal Value 1.0B USD
Advisor(s) Sandler O'Neill + Partners LP (Financial)
Hunton & Williams LLP (Legal)

Target

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.

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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 5 of 6
Sector (Financial Services) 5 of 6
Type (Merger) 2 of 3
State (California) 3 of 3
Country (United States) 5 of 6
Year (2015) 1 of 1
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-16 Foster Bankshares

Rolling Meadows, Illinois, United States

Foster Bank, a wholly owned subsidiary of Foster Bankshares, was founded in 1989 as one of the first Korean-American banks in the Chicago area. Foster Bank is a state-chartered bank, operating eight branches in the Chicago metropolitan area and one branch in Annandale, Virginia.

Buy $5M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-29 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.

Buy $79M
Mergr

Product

Company

Legal