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Hope Bancorp completes merger with Territorial Bancorp

PUBLIC · HOPEApr 02, 2025

Acquiring Company

Hope Bancorp

Acquired Company

Territorial Bancorp

Los AngelesHonoluluFinancial ServicesFinanceFintechLendingBankingFinancial ServicesFinanceLendingBanking

Description

Hope Bancorp, Inc. has completed its merger with Territorial Bancorp, Inc., enabling Territorial Savings Bank to operate under the Bank of Hope name from April 2, 2025. Territorial shareholders will receive shares of Hope Bancorp common stock. This merger enhances Bank of Hope's position as the largest regional bank catering to multi-cultural customers across the U.S. and Hawaii.

Quick answer

Hope Bancorp is acquiring Territorial Bancorp, announced April 2, 2025. 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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Company Information

Company

Hope Bancorp

Location

Los Angeles, California, United States

About

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. The company operates branch locations across several states and aims to provide superior customer service and financial solutions.

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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 2, 2025. 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 2, 2025. Hope Bancorp, Inc. has completed its merger with Territorial Bancorp, Inc., enabling Territorial Savings Bank to operate under the Bank of Hope name from April 2, 2025. Territorial shareholders will receive shares of Hope Bancorp common stock. 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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