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Bank of Hope gets closer to merging with Territorial Savings Bank, expanding service to Hawaii

Shareholders of Territorial Savings Bank have approved its merger with Bank of Hope. The merger now requires only federal and state regulatory approvals in...

Hanmi Bank pushes to establish office in Seoul, revealing Korean-American banks’ new tactics

Hanmi Bank is moving forward with plans to open a representative office in Seoul, South Korea. On October 17, officials in the Korean-American banking industry...

43rd Korea Daily Student Art and Video Contest award winners announced

The winners of the 43rd Student Art and Video Contest, sponsored by Bank of Hope and organized by the Korea Daily, have been announced. Yenee...

Bank of Hope signs definitive merger with Territorial Savings Bank

Bank of Hope is acquiring Hawaii-based Bank Territorial Savings Bank, expanding America's largest Korean-American bank's operations to Hawaii. Bank of Hope's holding company, Hope Bancorp,...

Korean American Foundations to offer students scholarships up to $10,000

The Korean-American community is seeking talented students to apply for scholarships. These programs can provide up to $10,000 in scholarships to help pay for...

Bank of Hope to sell two Virginia branches, bringing number down to 46

Bank of Hope is closing two more branches, this time in Virginia. The bank has signed a memorandum of understanding with PromiseOne Bank, a Korean-American...

Bank of Hope offers $150,000 in student scholarships: Apply by May 17

Bank of Hope is now accepting applications for the 2024 Hope Scholarship. Bank of Hope announced on March 26 that it is now accepting applications...

Bank of Hope and Hanmi Bank are closing branches for operation efficiency

Bank of Hope and Hanmi Bank are undergoing branch consolidations. On March 1, Bank of Hope closed three Southern California branches, Wilshire/Manhattan, Maple, and Huntington...

SoCal’s Korean-American Banks report annual net income of $308 million in 2023

Korean-American banks in Southern California posted sluggish profits in the fourth quarter amid tough business conditions but managed to maintain their assets, deposits, and...

Police arrest knife-wielding suspect attempting robbery at Bank of Hope

Following a fatal shooting of a teenager on April 11, there was a bank robbery attempt in broad daylight in Koreatown in Los Angeles...

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