Hope Bancorp’s Bank of Hope completes purchase of SMBC Manubank commercial banking unit
HOPE•Bank of Hope completed its acquisition of SMBC Manubank’s Commercial Banking Unit, adding a commercial banking franchise and staff and expanding its Greater Los Angeles footprint.
1. Acquisition completed
The deal broadens Bank of Hope’s deposits and aims to deepen ties across Korean and Japanese business communities while strengthening its middle-market focus. A collaboration agreement between Bank of Hope and SMBC is now effective, targeting Japan-based middle-market and retail clients seeking U.S. banking services.
