Hope Bancorp receives FDIC, California approvals for SMBC MANUBANK unit acquisition; close expected Q4 2026

HOPE BANCORP INC

Bank of Hope obtained FDIC and California DFPI approvals for the Commercial Banking Unit of SMBC MANUBANK acquisition.
Transaction expected to close early Q4 2026, subject to customary closing conditions.
New collaboration agreement with SMBC: Bank of Hope to serve Japan-based middle market and retail customers in the US, effective at closing.
CEO cites diversification of deposit franchise and expanded Greater LA commercial banking presence.

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