Hope Bancorp Inc. filed SEC Form 8-K: Leadership Update, Other Events, Financial Statements and Exhibits
$HOPE
Major Banks
Finance
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
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On March 31, 2025, Hope Bancorp, Inc., a Delaware corporate (the “Company”), and its wholly-owned subsidiary, Bank of Hope, approved a change in title and responsibilities for Kyu S. Kim, effective April 1, 2025. Ms. Kim’s title changed from Senior Executive Vice President and Chief Commercial Banking Officer, to Senior Executive Vice President and Chief Relationship Banking Officer, and she now has the responsibilities commensurate with that position.
Item 8.01 Other Events.
On April 2, 2025, the Company issued a press release announcing that it completed its previously announced acquisition of Territorial Bancorp Inc., a Maryland corporation (“Territorial”) and its wholly owned subsidiary, Territorial Savings Bank, headquartered in Honolulu, Hawaii, in accordance with the Agreement and Plan of Merger (the “Merger Agreement”) by and between the Company and Territorial entered into on April 26, 2024. Under the Merger Agreement, Territorial merged with and into the Company, with the Company continuing as the surviving entity (the “Merger”). Immediately following the Merger, and also effective as of April 2, 2025, Territorial Savings Bank, a Hawaii state-chartered member savings bank and wholly owned subsidiary of Territorial, merged with and into Bank of Hope, a wholly owned subsidiary of the Company, with Bank of Hope continuing as the surviving bank. Territorial Savings Bank will continue to operate as Territorial Savings, a division of Bank of Hope, effective as of April 2, 2025.
A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
| Exhibit No. | Description of Exhibit | |||||||
| 99.1 | ||||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |||||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| HOPE BANCORP, INC. | |||||||||||
| Date: April 2, 2025 | By: | /s/ Kevin S. Kim | |||||||||
| Kevin S. Kim | |||||||||||
| Chairman, President and Chief Executive Officer | |||||||||||