M&A Deal Summary

Wilshire Bancorp Acquires Saehan Bancorp

On November 20, 2013, Wilshire Bancorp acquired financial services company Saehan Bancorp for 106M USD

Acquisition Highlights
  • This is Wilshire Bancorp’s 2nd transaction in the Financial Services sector.
  • This is Wilshire Bancorp’s largest (disclosed) transaction.
  • This is Wilshire Bancorp’s 2nd transaction in the United States.
  • This is Wilshire Bancorp’s 1st transaction in California.

M&A Deal Summary
Date 2013-11-20
Target Saehan Bancorp
Sector Financial Services
Buyer(s) Wilshire Bancorp
Deal Type Add-on Acquisition
Deal Value 106M USD
Advisor(s) B. Riley Financial (Financial)
King, Holmes, Paterno & Soriano (Legal)

Target

Saehan Bancorp

Los Angeles, California, United States
Saehan Bancorp its wholly owned subsidiary, Saehan Bank, offers a comprehensive range of financial solutions to meet the needs of multi-ethnic communities in the United States. Saehan Bancorp is committed to satisfying customers and creating shareholder value.

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Buyer(S) 1

Buyer

Wilshire Bancorp

Los Angeles, California, United States
Category Company
Founded 1980
Sector Financial Services
Employees569
Revenue 222M USD (2015)
DESCRIPTION

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.

DEAL STATS #
Overall 2 of 2
Sector (Financial Services) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (California) 1 of 1
Country (United States) 2 of 2
Year (2013) 2 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-10 BankAsiana

Palisades Park, New Jersey, United States

BankAsiana is a New Jersey state-chartered, FDIC-insured commercial bank with a focus on the Korean-American community and other ethnic minorities in the New York/New Jersey area.

Buy $33M
Mergr

Product

Company

Legal