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Bank of Hope Receives Regulatory Approvals to Acquire the Commercial Banking Unit of SMBC MANUBANK

  • Hope Bancorp, Inc. announced that its subsidiary Bank of Hope received all regulatory approvals from the FDIC & the California Department of Financial Protection and Innovation to acquire the Commercial Banking Unit of SMBC MANUBANK.
  • The transaction is expected to close in early Q4 2026, subject to customary closing conditions.
  • CEO Kevin S. Kim stated the acquisition will diversify the deposit franchise, strengthen commercial banking capabilities, & expand presence in the Greater Los Angeles market.
  • Bank of Hope & SMBC entered a partnership agreement to provide commercial & consumer banking services to SMBC's Japanese middle-market & retail customers in the U.S., effective upon transaction closing.
  • Hope Bancorp operates 45 branches under the Bank of Hope banner & 28 under the Territorial Savings banner, with total assets of $18.99 billion as of June 30, 2026.