The parent company of Bank of Hope is Hope Bancorp.
Understanding Bank of Hope's Structure
Bank of Hope operates as a subsidiary under its parent holding company, Hope Bancorp. This organizational structure is common within the financial industry, where a holding company oversees the strategic direction and operations of one or more banking institutions.
The Evolution of Bank of Hope
The origins of Bank of Hope trace back to Wilshire Bank, which was originally founded in 1980 by Korean immigrants. This institution grew significantly over the years, serving its community.
A pivotal moment occurred in July 2016 when Wilshire Bank merged with BBCN Bank. This strategic merger led to the rebranding of the combined entity as Bank of Hope. Concurrently, Hope Bancorp was established as the overarching parent company, consolidating the operations of the newly formed institution.
Key Facts About Bank of Hope and its Parent
The table below summarizes the key entities and their relationships in the history and current structure of Bank of Hope:
| Entity | Relationship | Key Event / Year |
|---|---|---|
| Wilshire Bank | Original institution | Founded 1980 |
| BBCN Bank | Merged with Wilshire Bank | July 2016 |
| Bank of Hope | Result of the merger, primary banking entity | Rebranded July 2016 |
| Hope Bancorp | Parent company of Bank of Hope | Established as parent July 2016 |
For more information regarding the parent company, you can visit the official website of Hope Bancorp.
