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Hope Bancorp Announces Planned Retirement of President & COO David P. Malone and Promotion of Peter Koh to Senior EVP & COO
LOS ANGELES--(BUSINESS WIRE)-- Hope Bancorp, Inc. (the “Company”) (NASDAQ: HOPE), the holding company of Bank of Hope (the “Bank”), today announced the
About this update from Hope Bancorp, Inc.
[{"type":"text","content":" LOS ANGELES--(BUSINESS WIRE)--\nHope Bancorp, Inc. (the “Company”) (NASDAQ: HOPE), the holding company of Bank of Hope (the “Bank”), today announced the planned retirement of President and Chief Operating Officer of Bank of Hope David P. Malone effective December 31, 2021. Mr. Malone will continue to serve as a member of the board of directors of the Hope Bancorp and Bank of Hope. The Company also announced the promotion of Peter Koh to Senior Executive Vice President and Chief Operating Officer of Bank of Hope effective January 1, 2022.\n\nIn connection with the retirement of Mr. Malone as President of the Bank, Chairman, President and Chief Executive Officer of the Company and Chairman and Chief Executive Officer of the Bank Kevin S. Kim will re-assume the role of President of the Bank. Previously from July 29, 2016, Mr. Kim had served as President and Chief Executive Officer of the Company and Bank prior to the appointment of Mr. Malone as President of the Bank effective July 1, 2019.\n\n“We thank David Malone for his leadership at Bank of Hope since 2017 and congratulate him on his decorated banking career over the past five decades,” said Chairman, President and Chief Executive Officer of Hope Bancorp Kevin S. Kim. “I also congratulate Peter Koh on his promotion and look forward to working closely with him as we continue to build upon the strong heritage of Bank of Hope as one of the leading Asian American banks in the nation.”\n\nMr. Koh, age 44, transitioned to Executive Vice President and Deputy Chief Operating Officer in April 2021 from Executive Vice President and Chief Credit Officer, taking on broader responsibilities in the overall management of the Bank. Upon the merger of equals creating Bank of Hope on July 29, 2016, Mr. Koh was named Chief Credit Officer of Bank of Hope and was responsible for oversight of all credit administration functions, as well as the appraisal and special assets departments. Previously, he served in the same capacity for Wilshire Bank, a position he was promoted to in July 2014. He earned his B.A. from Columbia University in New York and M.B.A. from the Marshall School of Business, University of Southern California.\n\nAbout Hope Bancorp, Inc.\n\nHope Bancorp, Inc. is the holding company of Bank of Hope, the first and only super regional Korean American bank in the United States with $17...