Hope Bancorp Acquires Territorial Bancorp

April 2, 2025

Hope Bancorp, Inc. (the holding company of Bank of Hope) completed its merger with Territorial Bancorp, Inc., effective April 2, 2025. Territorial Savings will operate as a division of Bank of Hope and Territorial shareholders received 0.8048 shares of Hope Bancorp common stock for each Territorial share, creating the largest regional bank serving multi-cultural customers across the continental United States and Hawaii.

Buyers
Hope Bancorp, Inc.
Targets
Territorial Bancorp, Inc.
Sellers
Territorial shareholders
Location
Hawaii, United States
Transaction Type
Buyout

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