Hope Bancorp's Bank of Hope closes SMBC MANUBANK commercial banking unit acquisition

HOPE BANCORP INC

Bank of Hope completed acquisition of the Commercial Banking Unit of SMBC MANUBANK on Oct 1, 2026; financial terms were not disclosed.
Deal adds a commercial banking franchise and seasoned professionals, diversifying deposits and expanding Bank of Hope's footprint in Greater Los Angeles and Korean/Japanese business communities.
Collaboration and Partnership Agreement with SMBC effective at closing; Bank of Hope will serve SMBC's Japan-based middle-market and retail customers needing US banking services.
CEO Kevin S. Kim calls the deal 'an important milestone' and says it deepens relationships across Korean and Japanese business communities.

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