Hope Bancorp to merge with Territorial Bancorp to create largest regional bank for multi-ethnic customers
Acquiring Company
Hope Bancorp
Acquired Company
Territorial Bancorp
Los AngelesHonoluluFinancial ServicesFinanceFintechLendingBankingFinancial ServicesFinanceLendingBankingDescription
Hope Bancorp, Inc. and Territorial Bancorp Inc. have jointly announced the signing of a definitive merger agreement. The merger is expected to strengthen Hope Bancorp's position in the country as one of the leading Asian American banks and expand its footprint to the Hawaiian Islands. The merger will bring together two companies with long-standing commitments to customers and communities, providing advantages for customers and employees as they become part of a larger organization with greater resources and an expanded array of banking products and services.
Quick answer
Hope Bancorp is acquiring Territorial Bancorp, announced April 29, 2024. Hope Bancorp is based in Los Angeles, California, United States.
- How much did Hope Bancorp pay for Territorial Bancorp?
- The deal value was not disclosed.
- What does Hope Bancorp do?
- Hope Bancorp Inc. is a financial holding company and the parent company of Bank of Hope.
- Where are Hope Bancorp and Territorial Bancorp based?
- Hope Bancorp is based in Los Angeles, California, United States. Territorial Bancorp is based in Honolulu, Hawaii, United States.
- Who are the decision-makers at Hope Bancorp?
- Fundz holds 1 contact at Hope Bancorp. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Who to call at Hope Bancorp, and when
When Hope Bancorp changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Hope Bancorp raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Hope Bancorp, from your own LinkedIn network
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Frequently asked
Who acquired Territorial Bancorp?
Territorial Bancorp was acquired by Hope Bancorp, based in Los Angeles. The deal was reported on April 29, 2024. Hope Bancorp Inc. is a financial holding company and the parent company of Bank of Hope. It offers a wide range of banking and financial services to both individuals and businesses. Hope Bancorp is publicly traded (HOPE) and operates in Financial Services.
When did Hope Bancorp acquire Territorial Bancorp?
Hope Bancorp's acquisition of Territorial Bancorp was reported on April 29, 2024. Hope Bancorp, Inc. and Territorial Bancorp Inc. have jointly announced the signing of a definitive merger agreement. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Territorial Bancorp do?
Territorial Bancorp Inc. is the stock holding company of Territorial Savings Bank, a state-chartered savings bank originally chartered in 1921. It is privately held, operating in Financial Services, and is based in Honolulu.
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