Hope Bancorp, Inc. (NASDAQ: HOPE) is the holding company for Bank of Hope, one of the largest regional banks serving multicultural customers across the United States. Headquartered in Los Angeles, California, the bank was formed through a series of mergers involving prominent Korean-American community banks, most notably the 2016 merger of BBCN Bancorp and Wilshire Bancorp. Bank of Hope provides a full suite of core business and consumer banking products. Its revenue is primarily generated through traditional banking operations, earning interest income from a diversified loan portfolio that includes commercial real estate (CRE) loans, commercial and industrial (C&I) loans, SBA loans, and residential mortgages. The bank funds these loans largely through customer deposits, including checking, savings, and money market accounts. In addition to interest income, Hope Bancorp generates non-interest fee income from treasury management, foreign exchange solutions, interest rate derivatives, and international trade finance. Geographically, the bank operates a network of full-service branches across California, New York, New Jersey, Washington, Texas, Illinois, Alabama, and Georgia, as well as branches in Hawaii under the Territorial Savings banner following a recent acquisition. By focusing on relationship-based banking and cultural fluency, Hope Bancorp maintains a strong competitive position within the Korean-American and broader multi-ethnic business communities.
