Business
Bank of Hope to Acquire the Commercial Banking Unit of SMBC MANUBANK in Accretive, All-Cash Transaction
LOS ANGELES, March 31, 2026--Hope Bancorp, Inc. (NASDAQ: HOPE) today announced that Bank of Hope, its bank subsidiary, has entered into a definitive agreement under which Bank of Hope will acquire the Commercial Banking Unit ("CBU") of SMBC MANUBANK, a wholly owned subsidiary of SMBC Americas Holdings, Inc. and Sumitomo Mitsui Banking Corporation ("SMBC"). In addition, Bank of Hope and SMBC intend to enter into a collaboration and partnership agreement to provide commercial and consumer banking
About this update from The Bancorp, Inc.
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":627,"height":206,"url":"https://media.zenfs.com/en/business-wire.com/c28d2212f36c2b714be7963116632846"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/5hKE5bzkpIb6of0dV4olPA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTMxNQ--/https://media.zenfs.com/en/business-wire.com/c28d2212f36c2b714be7963116632846","width":627,"height":206}},"lazy":false},{"type":"list","items":[{"val":[{"type":"text","content":"Aligns with Hope’s Core Strategy to Enhance its Commercial Banking Capabilities","length":79,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Collaboration and Partnership Agreement with SMBC Positions Hope as a Premier Banking Partner to Middle Market Customers from Asia","length":130,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Provides Attractive Core Deposit Funding, Specialized Deposit Segments and Commercial Loan Portfolios to Further Diversify Balance Sheet","length":136,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Deepens Hope’s Presence in the Greater Los Angeles Metropolitan Area","length":68,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":413,"olType":false},{"type":"text","content":"LOS ANGELES, March 31, 2026--(BUSINESS WIRE)--Hope Bancorp, Inc. (NASDAQ: HOPE) today announced that Bank of Hope, its bank subsidiary, has entered into a definitive agreement under which Bank of Hope will acquire the Commercial Banking Unit ("CBU") of SMBC MANUBANK, a wholly owned subsidiary of SMBC Americas Holdings, Inc. and Sumitomo Mitsui Banking Corporation ("SMBC"). In addition, Bank of Hope and SMBC intend to enter into a collaboration and partnership agreement to provide commercial and consumer banking services to SMBC’s Japanese midsize business and retail customers needing banking services in the United States.","length":649,"tagName":"p"},{"type":"text","content":"This transaction aligns with Hope Bancorp’s core strategies to enhance its commercial banking capabilities, expand services and product offerings to the Asian subsidiary and middle market business in the United States, and continue to grow its core funding. The acquisition adds approximately $2.5 billion in loans and $2.7 billion in deposits, based ...