Bank of Hope to Acquire SMBC MANUBANK Commercial Unit

Bank of Hope, Hope Bancorp’s bank subsidiary, has entered into a definitive agreement to acquire the Commercial Banking Unit (CBU) of SMBC MANUBANK. The CBU is part of SMBC MANUBANK, a wholly owned subsidiary of SMBC Americas Holdings and Sumitomo Mitsui Banking Corporation.

The transaction is structured as an all-cash acquisition and is expected to align with Bank of Hope’s strategy to enhance commercial banking capabilities and grow core funding. Based on CBU balances as of December 31, 2025, the deal adds approximately $2.5 billion in loans and $2.7 billion in deposits. The CBU operates eight branches in Southern California focused on the greater Los Angeles metropolitan area.