Mergers & Acquisitions ·
Hope Bancorp completes acquisition of SMBC MANUBANK's Commercial Banking Unit, adding seven branches
HOPEHope Bancorp Inc
Hope Bancorp, Inc. completed the acquisition of the Commercial Banking Unit of SMBC MANUBANK on October 1, 2026, as previously agreed in a definitive March 31, 2026 agreement. The transaction adds an established commercial banking franchise and seasoned professionals to Bank of Hope, diversifying deposit segments and expanding its footprint in the Greater Los Angeles market. Seven additional branches are added to Bank of Hope's network following this acquisition. Concurrently, a Collaboration and Partnership Agreement between Bank of Hope and SMBC became effective, allowing Bank of Hope to provide financial solutions to SMBC’s Japan-based customers needing U.S. banking services. Hope Bancorp is the holding company for Bank of Hope, a regional bank serving multicultural customers across the continental United States and Hawaii.