One in six: How Rocket swallowed America's mortgage market
Financial ServicesMichiganMerger
Rocket Companies→Mr. Cooper
Apr 15, 2026
Hope Bancorp to Buy SMBC Manubank Unit for $2.7B
Announced
Financial ServicesCaliforniaDivestiture
Deal Overview
Hope Bancorp has agreed to acquire SMBC Manubank’s U.S. commercial banking unit. The transaction is expected to close in the second half of 2026.
Hope will acquire eight Los Angeles-area branches, $2.5 billion of loans, and deposits totaling $2.7 billion. The SMBC Manubank commercial banking team serves Japanese-owned small to midsize businesses and offers SBA loans, franchise loans, and commercial real estate loans. Hope expects the deal to drive 20% earnings-per-share accretion in 2027 and views the unit as a natural extension of its franchise.
The planned sale supports SMBC’s intent to focus its U.S. operations on wholesale and institutional banking.
Key Details
- Transaction
- Hope Bancorp acquires SMBC Manubank
- Deal Size
- Over $100M
- Reported Value
- $2.7 billion
Filed under
Powered by Tentt
Source financial services deals in California for your firm
Tentt builds and operates managed deal origination services for PE firms, M&A advisors, and commercial lenders. We map the target universe, monitor signals, and execute outreach — white-labelled to your firm.
Palo Alto Networks founder seeks to acquire Calif. bank
Financial ServicesCaliforniaOther
DMG Bancshares→Liberty Bank
Apr 15, 2026
Kraken co-CEO confirms IPO filing
Financial ServicesWashingtonOther
Kraken
Apr 15, 2026
World Insurance Associates Acquires Indiana’s Heuring
Financial ServicesAdd-on
World Insurance Associates→Heuring Crop Insurance
Apr 15, 2026
Arton Capital consolide sa position de chef de file dans le Programme d’immigration des investisseurs du Québec grâce à l’acquisition du portefeuille de clients d’AURAY Capital Canada
Financial ServicesAdd-on
Arton Capital→AURAY Capital Canada client portfolio
Apr 15, 2026