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Bank of Hope

43rd Korea Daily Student Art and Video Contest award winners announced

The winners of the 43rd Student Art and Video Contest, sponsored by Bank of Hope and organized by the Korea Daily, have been announced. Yenee...

Bank of Hope signs definitive merger with Territorial Savings Bank

Bank of Hope is acquiring Hawaii-based Bank Territorial Savings Bank, expanding America's largest Korean-American bank's operations to Hawaii. Bank of Hope's holding company, Hope Bancorp,...

Korean American Foundations to offer students scholarships up to $10,000

The Korean-American community is seeking talented students to apply for scholarships. These programs can provide up to $10,000 in scholarships to help pay for...

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...

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