Bank of Hope Completes Acquisition of the Commercial Banking Unit of SMBC MANUBANK

Hope Bancorp's Bank of Hope has completed its acquisition of the Commercial Banking Unit of SMBC MANUBANK from Sumitomo Mitsui Banking Corporation. The deal adds an established commercial banking franchise in Greater Los Angeles, seven additional California branches, and seasoned bankers, diversifying the bank's deposit segments and deepening its Japanese business community ties. In connection with closing, a Collaboration and Partnership Agreement with SMBC became effective, making Bank of Hope a provider of U.S.

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