Bank of Hope Completes Acquisition of SMBC MANUBANK's Commercial Banking Unit

This acquisition enhances Bank of Hope's commercial banking franchise and allows for an expanded deposit base and client outreach in the Greater Los Angeles area. It also strengthens the Bank's position as a key financial partner for middle-market businesses and improves its relationships with the Korean and Japanese business communities.

Kevin S. Kim, Chairman, President and CEO of Hope Bancorp, stated that this transaction marks a significant milestone in the Bank's evolution. He emphasized that the integration of MANUBANK's experienced bankers and clients with Bank of Hope's resources will enhance their commercial banking capabilities.

With the acquisition's completion, their previously announced Collaboration and Partnership Agreement with SMBC has become effective. Under this agreement, Bank of Hope will provide financial services to SMBC's Japan-based middle-market and retail customers in the U.S., thereby offering support to multinational businesses operating within the country.

Kim noted that the alliance with SMBC presents a valuable opportunity to connect businesses internationally, combining SMBC's global reach with Bank of Hope's expertise. He expressed enthusiasm about welcoming the MANUBANK team and its clients, and assured a smooth transition while aiming to capitalize on the strengths of both organizations.

Hope Bancorp, Inc. is the holding company for Bank of Hope, which serves multicultural customers across the continental U.S. and Hawaii, with total assets of $18.99 billion as of June 30, 2026. The Bank, headquartered in Los Angeles, offers a wide array of banking services and operates 45 branches across multiple states, in addition to several other locations and loan offices.