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Bank of Hope

Bank of Hope to sell two Virginia branches, bringing number down to 46

Bank of Hope is closing two more branches, this time in Virginia. The bank has signed a memorandum of understanding with PromiseOne Bank, a Korean-American...

Bank of Hope offers $150,000 in student scholarships: Apply by May 17

Bank of Hope is now accepting applications for the 2024 Hope Scholarship. Bank of Hope announced on March 26 that it is now accepting applications...

Bank of Hope and Hanmi Bank are closing branches for operation efficiency

Bank of Hope and Hanmi Bank are undergoing branch consolidations. On March 1, Bank of Hope closed three Southern California branches, Wilshire/Manhattan, Maple, and Huntington...

SoCal’s Korean-American Banks report annual net income of $308 million in 2023

Korean-American banks in Southern California posted sluggish profits in the fourth quarter amid tough business conditions but managed to maintain their assets, deposits, and...

Police arrest knife-wielding suspect attempting robbery at Bank of Hope

Following a fatal shooting of a teenager on April 11, there was a bank robbery attempt in broad daylight in Koreatown in Los Angeles...

Four Korean banks’ stocks hit 52-week lows after the shut down of Silicon Valley Bank

Publicly traded Korean-American banks have also seen their stock prices plummet in the wake of the bankruptcy of Silicon Valley Bank (SVB), the world's...

Bank of Hope President Earns $840k a Year

The revelation of Bank of Hope president Kevin Kim’s salary, approximately $840,000 a year, has sparked an interest in the earnings of U.S.-based Korean...

LPGA Founders Cup ends successfully

The 2017 LPGA Founders Cup ended successfully after kicking off on March 16. Bank of Hope, the largest Korean-American bank, was the tournament’s title...

Korean Banks’ Demand for CFOs Growing

The ratio of non-Korean chief financial officers (CFO) at Korean-run financial institutions are continuously getting larger. Four of seven Southern California-based Korean banks are employing...

Korean Banks Looking to Transform and Diversify

Korean banks across the United States are gearing up to kick start 2017. Through their New Year messages, presidents of Korean-American banks presented both...

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