Hope Bancorp receives U.S. approvals for SMBC MANUBANK deal
Rhea-AI Filing Summary
Hope Bancorp, Inc. (HOPE) announced that its wholly owned subsidiary, Bank of Hope, has received all required regulatory approvals to complete the previously announced acquisition of the Commercial Banking Unit of SMBC MANUBANK, a subsidiary of SMBC Americas Holdings, Inc. and Sumitomo Mitsui Banking Corporation. Approvals were granted by the Federal Deposit Insurance Corporation and the California Department of Financial Protection and Innovation. The transaction is expected to close early in the fourth quarter of 2026, subject to the satisfaction of customary closing conditions.
Bank of Hope and SMBC have also entered into a collaboration and partnership agreement under which Bank of Hope will provide commercial and consumer banking services in the United States to SMBC’s Japan-based middle market and retail customers after closing. Hope Bancorp reports that Bank of Hope had $18.99 billion in total assets as of June 30, 2026 and operates 45 full-service branches in eight U.S. states under the Bank of Hope banner and 28 branches in Hawaii under the Territorial Savings banner, plus additional loan production offices and a representative office in Seoul.
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Filing Explained
Regulatory approvals are complete, but the MANUBANK acquisition remains unclosed; consideration and ownership effects are not disclosed.
The company reports that Bank of Hope received all required regulatory approvals from the FDIC and California’s Department of Financial Protection and Innovation for its acquisition of the Commercial Banking Unit of SMBC MANUBANK.
Closing is still pending: customary conditions must be satisfied, and the transaction is expected to close in the
The filing gives no consideration or share-issuance terms, so it does not establish a cash obligation or ownership change for existing common holders.
The related collaboration agreement with SMBC becomes effective only when the transaction closes; the filing therefore does not report that the new customer-service arrangement has begun.
The stated resolution path is completion of the closing conditions and the acquisition closing, rather than the regulatory-approval process, which the company says is complete.
8-K Event Classification
2 items: 7.01, 9.01
2 items
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Total assets: $18.99 billion
Bank of Hope branches: 45 branches
Territorial Savings branches: 28 branches
+1 more
4 metrics
Total assets
$18.99 billion
Bank of Hope total assets as of June 30, 2026
Bank of Hope branches
45 branches
Full-service branches under the Bank of Hope banner in CA, NY, NJ, WA, TX, IL, AL and GA
Territorial Savings branches
28 branches
Branches in Hawaii operating under the Territorial Savings banner, a division of Bank of Hope
Announcement date
September 2, 2026
Date Hope Bancorp announced receipt of all required regulatory approvals
Key Terms
Regulation FD, forward-looking statements, Private Securities Litigation Reform Act of 1995, customary closing conditions, +1 more
5 terms
Regulation FD regulatory
"Item 7.01 Regulation FD Disclosure"
Regulation FD is a rule that prevents company insiders, like executives, from sharing important information with some people before others get it. It matters because it helps ensure all investors have equal access to key news, making the stock market fairer and reducing chances of insider trading.
forward-looking statements regulatory
"Some statements in this report may constitute forward-looking statements"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
Private Securities Litigation Reform Act of 1995 regulatory
"claims the protection provided for in the Private Securities Litigation Reform Act of 1995"
customary closing conditions financial
"The closing of the proposed transaction is subject to the satisfaction of customary closing conditions"
"Customary closing conditions" are standard rules or checks that must be met before a business deal can be finalized, like making sure all paperwork is in order or that certain approvals are obtained. They matter because they help protect both parties, ensuring everything is in place and reducing the risk of surprises or problems after the deal is closed.
deposit attrition financial
"factors that may cause actual outcomes to differ include, among other things: deposit attrition"
FAQ
What did HOPE Bancorp (HOPE) announce regarding the SMBC MANUBANK acquisition?
Hope Bancorp announced that Bank of Hope has received all required regulatory approvals to complete its previously announced acquisition of the Commercial Banking Unit of SMBC MANUBANK. The company expects the transaction to close early in the fourth quarter of 2026, subject to customary closing conditions.
Which regulators approved HOPE Bancorp’s acquisition of the MANUBANK commercial unit?
Regulatory approvals for Bank of Hope’s acquisition of the MANUBANK Commercial Banking Unit were received from the Federal Deposit Insurance Corporation and the California Department of Financial Protection and Innovation, satisfying the regulatory approval requirements to move toward closing.
When is HOPE Bancorp expecting to close the MANUBANK commercial unit acquisition?
Hope Bancorp states that the acquisition of the Commercial Banking Unit of SMBC MANUBANK is expected to close early in the fourth quarter of 2026, subject to the satisfaction of customary closing conditions associated with the transaction.
What partnership did HOPE Bancorp announce with SMBC in this 8-K?
Bank of Hope and SMBC entered into a collaboration and partnership agreement under which Bank of Hope will provide commercial and consumer banking services in the United States to SMBC’s Japan-based middle market and retail customers. The agreement becomes effective upon closing of the acquisition.
How large is HOPE Bancorp (HOPE) based on this filing?
Hope Bancorp reports that Bank of Hope had $18.99 billion in total assets as of June 30, 2026. The bank operates 45 full-service branches in several mainland U.S. states and 28 branches in Hawaii, plus loan production offices and a representative office in Seoul.
Where does Bank of Hope, the subsidiary of HOPE Bancorp, operate branches?
Bank of Hope operates 45 full-service branches in California, New York, New Jersey, Washington, Texas, Illinois, Alabama and Georgia under the Bank of Hope banner, and 28 branches in Hawaii under the Territorial Savings banner, as described in the filing.
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
| (Exact name of registrant as specified in its charter) | ||
| (State of incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) | ||||||||||||
(Address of principal executives offices, including zip code)
(213 ) 639-1700
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Securities registered pursuant to Section 12(b) of the Act:
| , | par value $0.001 per share | |||||||||||||
| (Title of class) | (Trading Symbol) | (Name of exchange on which registered) | ||||||||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 7.01 Regulation FD Disclosure.
On September 2, 2026, Hope Bancorp, Inc., (the “Company”) issued a press release announcing that its wholly-owned subsidiary, Bank of Hope, has received all required regulatory approvals for its previously-announced acquisition of the Commercial Banking Unit of SMBC MANUBANK, a wholly owned subsidiary of SMBC Americas Holdings, Inc. and Sumitomo Mitsui Banking Corporation. A copy of the press release is furnished as Exhibit 99.1 hereto.
The information furnished pursuant to this Item 7.01, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, and shall not be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, except as expressly set forth by specific reference in such filing.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
| Exhibit No. | Description | |||||||
| 99.1 | Press release, dated September 2, 2026 | |||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |||||||
Forward-Looking Statements
Some statements in this report may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include, but are not limited to, statements preceded by, followed by or that include the words “will”, “believes”, “expects”, “anticipates”, “intends”, ”plans”, “estimates”, “projects”, and similar expressions and statements regarding Hope Bancorp’s strategic initiatives, the pending acquisition of the Commercial Banking Unit of SMBC MANUBANK (“MANUBANK”), and Hope Bancorp’s future financial and operational results and capital allocation strategy. With respect to any such forward-looking statements, Hope Bancorp claims the protection provided for in the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties. Hope Bancorp’s actual results, performance or achievements may differ significantly from the results, performance or achievements expressed or implied in any forward-looking statements. With the consummation of the pending acquisition of MANUBANK, factors that may cause actual outcomes to differ from what is expressed or forecasted in these forward-looking statements include, among other things: the failure of the conditions to closing to be satisfied or waived; difficulties and delays in integrating Hope Bancorp and MANUBANK and achieving anticipated synergies, cost savings and other benefits from the transaction; higher than anticipated transaction costs; and deposit attrition, operating costs, customer loss and business disruption following the acquisition, including difficulties in maintaining relationships with employees and customers, which may be greater than expected. The closing of the proposed transaction is subject to the satisfaction of customary closing conditions. For additional information concerning these and other risk factors, see Hope Bancorp’s most recent Annual Report on Form 10‑K and other documents Hope Bancorp files with the SEC from time to time. Hope Bancorp does not undertake, and specifically disclaims, any obligation to update any forward‑looking statements to reflect the occurrence of events or circumstances after the date of such statements except as required by law.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| HOPE BANCORP, INC. | |||||||||||
| Date: September 2, 2026 | By: | /s/ Kevin S. Kim | |||||||||
| Kevin S. Kim | |||||||||||
| Chairman, President and Chief Executive Officer | |||||||||||
News Release
BANK OF HOPE RECEIVES REGULATORY APPROVALS TO ACQUIRE
THE COMMERCIAL BANKING UNIT OF SMBC MANUBANK
LOS ANGELES – September 2, 2026 – Hope Bancorp, Inc. (NASDAQ: HOPE) today announced that its wholly-owned subsidiary, Bank of Hope, has received all regulatory approvals required to complete the previously announced acquisition of the Commercial Banking Unit of SMBC MANUBANK (“MANUBANK”), a wholly owned subsidiary of SMBC Americas Holdings, Inc. and Sumitomo Mitsui Banking Corporation (“SMBC”). Regulatory approvals have been received from the Federal Deposit Insurance Corporation and the California Department of Financial Protection and Innovation. The transaction is expected to close early in the fourth quarter of 2026, subject to the satisfaction of customary closing conditions.
“Receiving all necessary regulatory approvals marks a significant milestone toward completing this strategic transaction,” said Kevin S. Kim, Chairman, President and Chief Executive Officer of Hope Bancorp. “We are excited about the opportunity to welcome the MANUBANK team and customers to Bank of Hope later this year. This acquisition will bring together two highly complementary organizations, diversify our deposit franchise, strengthen our commercial banking capabilities and expand our presence in the Greater Los Angeles market.”
Bank of Hope and SMBC have also entered into a collaboration and partnership agreement under which Bank of Hope will provide commercial and consumer banking services to SMBC’s Japan-based middle market and retail customers seeking banking services in the United States. The agreement will become effective upon the closing of the transaction.
“Our partnership with SMBC will enable us to support the banking needs of Japanese commercial and retail customers in the United States, while broadening our multinational reach and supporting long-term growth,” continued Kim. “I want to thank our colleagues at Bank of Hope and MANUBANK for their dedication and collaboration in bringing us to this important stage. We look forward to completing the transaction and beginning the integration process.”
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About Hope Bancorp, Inc.
Hope Bancorp, Inc. (NASDAQ: HOPE) is the holding company for Bank of Hope, with $18.99 billion in total assets as of June 30, 2026. Following the addition of Territorial Savings as a division of Bank of Hope, the Company became the largest regional bank serving multicultural customers across the continental United States and Hawaii. Headquartered in Los Angeles, California, Bank of Hope offers a comprehensive range of commercial, corporate, and consumer banking products and services, including commercial and commercial real estate lending, SBA lending, residential mortgage and consumer lending, treasury management, foreign exchange solutions, interest rate derivatives, and international trade finance. Bank of Hope operates 45 full-service branches in California, New York, New Jersey, Washington, Texas, Illinois, Alabama and Georgia under the Bank of Hope banner, and 28 branches in Hawaii under the Territorial Savings banner. Bank of Hope also operates SBA loan production offices, commercial loan production offices, and residential mortgage loan production offices throughout the United States, and a representative office in Seoul, South Korea. Bank of Hope is a California-chartered bank, and its deposits are insured by the FDIC to the extent provided by law. Bank of Hope is an Equal Opportunity Lender. For additional information, please go to www.bankofhope.com for Bank of Hope and www.tsbhawaii.bank for Territorial Savings, a division of Bank of Hope. By including the foregoing website address links, the Company does not intend to incorporate by reference any material contained or accessible therein.
Forward-Looking Statements
Some statements in this report may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include, but are not limited to, statements preceded by, followed by or that include the words “will”, “believes”, “expects”, “anticipates”, “intends”, ”plans”, “estimates”, “projects”, and similar expressions and statements regarding Hope Bancorp’s strategic initiatives, the pending acquisition of the Commercial Banking Unit of SMBC MANUBANK (“MANUBANK”), and Hope Bancorp’s future financial and operational results and capital allocation strategy. With respect to any such forward-looking statements, Hope Bancorp claims the protection provided for in the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties. Hope Bancorp’s actual results, performance or achievements may differ significantly from the results, performance or achievements expressed or implied in any forward-looking statements. With the consummation of the pending acquisition of MANUBANK, factors that may cause actual outcomes to differ from what is expressed or forecasted in these forward-looking statements include, among other things: the failure of the conditions to closing to be satisfied or waived; difficulties and delays in integrating Hope Bancorp and MANUBANK and achieving anticipated synergies, cost savings and other benefits from the transaction; higher than anticipated transaction costs; and deposit attrition, operating costs, customer loss and business disruption following the acquisition, including difficulties in maintaining relationships with employees and customers, which may be greater than expected. The closing of the proposed transaction is subject to the satisfaction of customary closing conditions. For additional information concerning these and other risk factors, see Hope Bancorp’s most recent Annual Report on Form 10‑K and other documents Hope Bancorp files with the SEC from time to time. Hope Bancorp does not undertake, and specifically disclaims, any obligation to update any forward‑looking statements to reflect the occurrence of events or circumstances after the date of such statements except as required by law.
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Contact Info: | ||||||||
Julianna Balicka | Maxime Olivan | |||||||
| Executive Vice President & Chief Financial Officer | Senior Vice President & IR Manager | |||||||
InvestorRelations@bankofhope.com | InvestorRelations@bankofhope.com | |||||||