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On
November 30, 2011, Nara Bank, which was established in 1989, merged with Center Financial Corporation, which was established in 1986. Nara Bancorp, Inc., changed its name to BBCN Bancorp, Inc. Center Bank changed its name to BBCN Bank. BBCN was an acronym for
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386:, which represented 170% of the bank's tier-1 capital. Over 50% of the bank's assets were in the form of commercial real-estate loans, the second-highest ratio of all banks in its size class.
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In 2017, the bank almost acquired U & I Financial Corp, based in
Seattle, but the acquisition was called off at the last minute.
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423:"Nara Bancorp and Center Financial Complete Merger of Equals Creating the Largest Korean American Bank in the Country"
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473:"BBCN and Wilshire Complete Merger of Equals Creating the Only Super Regional Korean-American Bank in the U.S."
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In August 2013, the company acquired Foster
Bankshares, Inc., and became the largest Korean American Bank in
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reported that the bank faced over $ 3 billion of loans with payment deferrals or modifications due to the
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community. The bank was first established on
December 30, 1980, under the name Wilshire Bank.
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549:"California's Bank of Hope Was a Symbol of Success. Now It Faces a Covid-19 Reckoning"
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510:"Hope Bancorp Announces Acquisition of Seattle-Based U & I Financial Corp"
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On
February 15, 2013, the company acquired Pacific International Bancorp, the
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512:(Press release). Hope Bancorp. January 23, 2017 – via Globe Newswire.
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526:"Los Angeles-based, Korean-American bank opens second branch in Houston"
475:(Press release). BBCN Bancorp. July 29, 2016 – via Globe Newswire.
443:(Press release). BBCN Bank. February 15, 2013 – via Business Wire.
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In July 2016, BBCN Bank and
Wilshire Bank merged and were rebranded as
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489:"BBCN to Rebrand as Hope Bancorp After Completing Wilshire Deal"
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425:(Press release). Nara Bancorp. November 30, 2011 – via
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457:(Press release). BBCN Bancorp. August 13, 2013 – via
455:"BBCN Bancorp Completes Merger With Foster Bankshares"
441:"BBCN Completes Acquisition of Pacific International"
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403:"Hope Bancorp, Inc. 2019 Form 10-K Annual Report"
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343:state–chartered bank with four branches in the
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371:In August 2017, the bank opened a branch in
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408:U.S. Securities and Exchange Commission
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587:Business data for Hope Bancorp, Inc.:
546:Putzier, Konrad (September 15, 2020).
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523:Witthaus, Jack (September 5, 2017).
27:Korean American bank in Los Angeles
24:
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361:, with Hope Bancorp, Inc., as the
339:for Pacific International Bank, a
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291:Bank of Hope (HOPE) Stock Price
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279:Footnotes / references
735:Companies based in Los Angeles
720:Companies listed on the Nasdaq
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304:is an American bank, based in
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486:Davis, Paul (May 13, 2016).
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730:Banks based in California
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532:Houston Business Journal
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51:Bank of Hope branch in
308:, that focuses on the
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247:$ 1.982 billion (2019)
230:$ 18.09 billion (2022)
213:$ 0.218 billion (2022)
196:$ 0.630 billion (2022)
115:; 24 years ago
740:Korean-American banks
664:Korean American banks
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363:bank holding company
380:Wall Street Journal
295:2023 banking crisis
253:Number of employees
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378:In late 2020, the
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176:Julianna Balicka (
53:Edison, New Jersey
31:Hope Bancorp, Inc.
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699:Pacific City Bank
384:COVID-19 pandemic
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113:June 5, 2000
16:(Redirected from
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257:1,545 (2022)
237:Total equity
220:Total assets
128:Headquarters
60:Company type
602:SEC filings
306:Los Angeles
269:.bankofhope
136:Los Angeles
90:S&P 600
714:Categories
684:Hanmi Bank
390:References
341:Washington
328:enter and
293:See also:
203:Net income
148:Key people
140:California
120:2000-06-05
694:Open Bank
592:Bloomberg
561:April 24,
157:president
132:Koreatown
92:component
72:Traded as
679:CBB Bank
320:usiness
159:) &
100:Industry
373:Houston
352:Chicago
324:ank of
262:Website
188:Revenue
118: (
110:Founded
104:Banking
83::
607:Yahoo!
597:Google
169:&
81:Nasdaq
64:Public
332:ara.
563:2021
271:.com
167:SEVP
142:, US
85:HOPE
18:BBCN
267:www
178:CFO
171:COO
161:CEO
716::
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330:N
326:C
322:B
318:B
180:)
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20:)
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
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