About the Company
Bank of Hope is an American bank, based in Los Angeles, that focuses on the Korean American community. The bank was first established on December 30, 1980, under the name Wilshire Bank. On November 30, 2011, Nara Bank, which was established in 1989, merged with Center Financial Corporation, which was established in 1986. Nara Bancorp, Inc., changed its name to BBCN Bancorp, Inc. Center Bank changed its name to BBCN Bank. BBCN was an acronym for Business Bank of Center and Nara. On February 15, 2013, the company acquired Pacific International Bancorp, the holding company for Pacific International Bank, a Washington state–chartered bank with four branches in the Seattle metropolitan area. In August 2013, the company acquired Foster Bankshares, Inc., and became the largest Korean American Bank in Chicago. In July 2016, BBCN Bank and Wilshire Bank merged and were rebranded as Bank of Hope, with Hope Bancorp, Inc., as the bank holding company. In 2017, the bank almost acquired U & I Financial Corp, based in Seattle, but the acquisition was called off at the last minute. In August 2017, the bank opened a branch in Houston. In late 2020, the Wall Street Journal reported that the bank faced over $3 billion of loans with payment deferrals or modifications due to the COVID-19 pandemic, which represented 170% of the bank's tier-1 capital. Over 50% of the bank's assets were in the form of commercial real-estate loans, the second-highest ratio of all banks in its size class. On April 2, 2025, the bank merged with Territorial Bancorp, operating as Territorial Savings Bank with 29 branches in Hawaii, which was rebranded as Territorial Savings, a division of Bank of Hope.
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Latest News on Territorial Bancorp Inc.
Territorial Bancorp Inc. Announces Results of Annual Meeting
HONOLULU, May 19, 2022 (GLOBE NEWSWIRE) -- Territorial Bancorp Inc., (NASDAQ: TBNK) (the “Company”), headquartered in Honolulu, Hawaii, the holding company parent of Territorial Savings Bank ...
Territorial Bancorp Inc. Announces Third Quarter 2024 Results
HONOLULU, Oct. 28, 2024 (GLOBE NEWSWIRE) -- Territorial Bancorp Inc. (TBNK) (the Company), headquartered in Honolulu, Hawaii, the holding company parent of Territorial Savings Bank, reported a net ...
Territorial Bancorp Inc. Declares Special Dividend
HONOLULU, Dec. 01, 2021 (GLOBE NEWSWIRE) -- Territorial Bancorp Inc. (NASDAQ: TBNK) (the “Company”), headquartered in Honolulu, Hawaii, the holding company parent of Territorial Savings Bank ...
Territorial Bancorp Inc. announces 2018 results - The Business Journals
Territorial Bancorp Inc. (NASDAQ: TBNK) on Tuesday announced the fourth-quarter results for 2018 of Territorial Savings Bank. Net income was $4.64 million or $0.50 per diluted share for the last ...
Territorial Bancorp Inc. Declares Dividend - NBC News
HONOLULU, Nov. 4, 2010 (GLOBE NEWSWIRE) -- Territorial Bancorp Inc. (Nasdaq:TBNK) (the "Company"), headquartered in Honolulu, Hawaii, the holding company parent of Territorial Savings Bank ...
Territorial Bancorp Inc. Announces Fourth Quarter 2022 Results
Territorial Bancorp Inc. paid a special dividend of $0.10 per share in the fourth quarter of 2022. The total dividends per share paid in 2022 amount to $1.02 per share.
Territorial Bancorp Inc. Announces First Quarter 2023 Results
HONOLULU, April 27, 2023 (GLOBE NEWSWIRE) -- Territorial Bancorp Inc. (NASDAQ: TBNK) (the “Company”), headquartered in Honolulu, Hawaii, the holding company parent of Territorial Savings Bank ...
Territorial Bancorp Inc. Announces Third Quarter 2024 Results
In connection with the proposed merger, Hope Bancorp, Inc. filed with the Securities and Exchange Commission (“SEC”) a Registration Statement on Form S-4 on June 21, 2024, which ...
Territorial Bancorp Inc. Announces Third Quarter 2024 Results
The dividend is expected to be paid on November 22, 2024, to stockholders of record as of November 8, 2024. Hope Bancorp, Inc. Merger Agreement ...
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