Bank of Hope to Acquire the Commercial Banking Unit of SMBC MANUBANK
March 31, 2026
Bank of Hope, a subsidiary of Hope Bancorp, entered into a definitive agreement to acquire the Commercial Banking Unit (CBU) of SMBC MANUBANK in an all-cash transaction. The deal is expected to close in the second half of 2026, subject to regulatory approvals, and will expand Hope’s commercial banking footprint in Greater Los Angeles and its service for Japanese and Korean clients in the United States.
- Buyers
- Bank of Hope (Hope Bancorp, Inc.)
- Targets
- Commercial Banking Unit (CBU) of SMBC MANUBANK
- Sellers
- SMBC MANUBANK, SMBC Americas Holdings, Inc., Sumitomo Mitsui Banking Corporation (SMBC)
- Industry
- Financial Services
- Location
- California, United States
- Transaction Type
- Buyout
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