Hope Bancorp completes Territorial Bancorp merger; exchange ratio 0.8048

HOPE BANCORP INC

Merger effective April 2, 2025; Territorial shareholders receive 0.8048 Hope shares per Territorial share.
Territorial Savings Bank becomes Territorial Savings, a division of Bank of Hope, preserving its 100+ year brand.
Hope Bancorp claims position as largest regional bank serving multicultural customers across continental US and Hawaii.
Merger originally announced April 26, 2024; deal valued at approximately $260M based on Hope's closing price.

item 5.02 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Kyu S. Kim

Senior Executive Vice President and Chief Relationship Banking Officer

HOPE · HOPE BANCORP INC

Effective: 2025-04-01
Filed: April 2, 2025, 7:59 PM ET

On March 31, 2025, Hope Bancorp, Inc., a Delaware corporate (the “ Company ” ), and its wholly-owned subsidiary, Bank of Hope, approved a change in title and responsibilities for Kyu S. Kim, effective April 1, 2025.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Kyu S. Kim changed role as Senior Executive Vice President and Chief Relationship Banking Officer at HOPE BANCORP INC.

Action: changed
Role: Senior Executive Vice President and Chief Relationship Banking Officer

Exact text from the filing

On March 31, 2025, Hope Bancorp, Inc., a Delaware corporate (the “ Company ” ), and its wholly-owned subsidiary, Bank of Hope, approved a change in title and responsibilities for Kyu S. Kim, effective April 1, 2025.

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Source: SEC EDGAR

accession 0001128361-25-000020

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