The first and only super regional Korean-American
bank in the United States
Company Profile
Hope Bancorp, Inc. is the holding company of Bank of Hope, one of the leading
Asian-American banks in the United States. Headquartered in Los Angeles and with
$14.2 billion in total assets as of December 31, 2017, Bank of Hope serves a multi-ethnic
population of customers across the nation with full-service branches in California,
Washington, Texas, Illinois, New York, New Jersey, Virginia, Georgia and Alabama. The Bank
also operates SBA loan production offices in Seattle, Denver, Dallas, Atlanta, Portland,
Oregon, New York City and Northern California; commercial loan production offices in
Northern California and Seattle; residential mortgage loan production offices in California;
and a representative office in Seoul, Korea.
Building on the Bank’s expertise in small business lending, commercial real estate
lending, C&I lending and international trade finance, Bank of Hope is today a diversified
financial institution with an expanded offering of commercial and consumer products and
services, including residential mortgage and warehouse lending, credit cards, equipment
lease financial and foreign currency, among others.
Having grown alongside the Bank’s customers fostering growth within its communities,
Bank of Hope understands its markets well and is committed to help its customers
achieve their financial goals.
We are committed to
improving the value of
our services as BANKERS,
providing comprehensive
financial solutions as
EXPERTS, and being good
NEIGHBORS that foster
growth for our customers
and communities.
The roots of Bank of Hope go back more than 37 years and include many of the first banks
established in the United States by Korean immigrants. Today, Bank of Hope has a national
platform that includes solid presence in all of the top geographic markets with the largest
Asian-American populations in the country and is the representative bank and pride of the
Korean-American community.
2017 ANNUAL REPORT / 1
Message to Stockholders
Dear Valued Stockholders,
Customers and Employees:
Over the course of the last seven years, we have
established the
representative bank of our
community by transforming a highly fragmented
space. Bank of Hope stands proud today as the
first and only super regional Korean-American
Bank, the third largest Asian-American bank in the
United States, and the only Korean-American
bank to ever be named by Forbes magazine as one
of the Best Banks in America, and that’s for the last
six consecutive years.
n Scott Yoon-Suk Whang Chairman of the Board n Kevin S. Kim President & Chief Executive Officer
2017 ANNUAL REPORT / 2
2017 ANNUAL REPORT / 3
Message to Stockholders
Message to Stockholders
Investment and Growth
Our first full-year of operations as a $10 billion-plus financial
institution was also a year of key investments that signifcantly
fortified our foundation for sustainable growth.
incremental income tax expense in the Company’s consolidated statements of income of $25.4 million resulting from the revaluation of
our deferred tax assets and liabilities and low income housing tax credit investments due to the enactment of the Tax Cuts and Jobs Act
(the “Tax Act”) on December 22, 2017. This one-time, non-cash charge, which was recognized during the 2017 fourth quarter, adversely
impacted the Company’s diluted earnings per share by $0.19 per share. There were no Tax Act-related adjustments to the Company’s 2016
financial results.
2017 was a year of
important achievements
in terms of
fortified our foundation for sustainable growth. Subject to the
successfully completing the integration of a transformational
significantly greater regulatory standards and requirements, the
merger completed in 2016 and making progress toward our
higher levels of investments in our risk infrastructure and DFAST
Vision to build upon our Korean-American heritage and national
preparedness certainly weighed on our performance in 2017.
presence
to be a
top performer
for our shareholders,
customers, staff and communities. With the physical integration
Despite these investments, net income for 2017 increased
of the merger successfully completed, the Board of Directors
23% to a record $139.4 million, or $1.03 per diluted common
and executive management team focused on driving profitable
share, based on 135,684,969 weighted average diluted shares
growth of our franchise and creating additional value for all of
outstanding, from $113.7 million, or $1.10 per diluted common
our stakeholders.
share, based on 103,530,318 weighted average diluted shares
Our first full-year of operations as a $10 billion-plus financial
outstanding, in 2016.
institution was also a year of key investments that significantly
Our 2017 financial results
included a one-time, non-cash,
.
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Financial
Highlights
Solid Financial Results
Despite Significant
Investments
.
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BANKERS
2013 2014 2015 2016 2017
2017 ANNUAL REPORT / 4
2017 ANNUAL REPORT / 5
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2013 2014 2015 2016 2017
2013 2014 2015 2016 2017
Message to Stockholders
Message to Stockholders
Asset-Based
Lending
CRE Lending
Wealth
Management
Treasury
Management
Solutions
Int’l Trade
Finance
Diversification
Expanded Offering of
Products and Services
Generating a More Diversified
Revenue Stream
operational efficiencies
in the
lending process. The
transformation also positions our frontline to focus on the
specialized needs of our commercial business banking
clients and branch-based consumer customers. We believe
these changes will create greater opportunities leading to
stronger and healthier growth for Bank of Hope for the
At year-end, total assets increased 6% over 2016 to $14.21
long term.
billion, loans receivable increased 5% to $11.10 billion
and total deposits increased 2% to $10.85 billion. These
Notwithstanding
the significant amount of energy
achievements ranked Bank of Hope as the 6th largest bank
devoted to the successful integration and transformation
headquartered in Los Angeles, the 11th largest bank in
of our organization, Bank of Hope originated a record $2.59
California, and the 85th
largest financial
institution
billion in new loans to support the growth of its customers,
in the nation.
amounting to a 39% increase over 2016 production
volumes. We are pleased to report that our originations in
As of December 31, 2017, the Company maintained
2017 represent a more diversified mix of loan production
robust capital
levels with total risk-based capital at
with increasing contributions from some of our newer
13.82%, leverage ratio at 11.54%, and common equity
product offerings.
tier 1 capital at 12.30%.
Given the solid financial
performance
notwithstanding
the
considerable
investments in our organization, our Board of Directors
Credit Card
further
increased
the common dividend
to our
stockholders for the fifth consecutive year to $0.13 per
common share.
Today,
the Bank of Hope
team of nearly fifteen
hundred
is made up of a mosaic of staff whose
origins come from numerous legacy organizations, as
Our Mission is to be the first choice partner for our
well as Bank of Hope. Not only do we have a considerably
target corporate, middle market and small businesses
increased number of employees, but a significantly
by providing a comprehensive set of business products
greater depth of expertise. And we can say with greater
and services, while being the premier bank for the
confidence
than ever
that we have one of
the
target consumers
in
the communities we
serve
strongest leadership teams among Asian-American Banks.
nationwide.
Bank of Hope
originated a record $2.59
billion in new loans to
support the growth of its
customers, amounting to
a 39% increase over 2016
production volumes.
Residential
Warehouse
Lending
Foreign
Currency
Residential
Mortgage
Equipment Lease
Financing
During the course of the year, we
implemented a
Bank of Hope is in an enviable competitive position,
SBA Lending
corporate transformation plan designed to enhance
with unrivaled leadership among our niche peers and
our progress with diversifying our revenue streams and
unparalleled opportunity to cross-sell a comprehensive
improve the overall work flow by providing greater
offering of products and services. Beyond our initial core
Commercial
Lending
2017 ANNUAL REPORT / 6
2017 ANNUAL REPORT / 7
Message to Stockholders
Message to Stockholders
EXPERTS
strengths in international trade finance, SBA and commercial
As a community-based bank, Bank of Hope remains committed
real estate lending, we have become a diversified financial
to supporting
its communities through various forms of
Photo courtesy of Gabriel Roux Photography.
Supporting Our Communities
As a community-based bank, Bank of Hope remains committed
to supporting its communities through various forms of
investments and contributions.
Partnering with United Way
For the third consecutive year, Bank of Hope partnered with
United Way of Greater Los Angeles and participated in the
annual United Way HomeWalk, a 5K Walk and Fun Run that
mobilizes thousands of Angelenos to raise awareness and
funds
to end homelessness
in Los Angeles County,
home to Bank of Hope.
In addition to a $10,000 grant
to support
the event, a
total of 177 Bank of Hope
teammates raised funds and completed the 5K Walk/Run.
institution with a strong residential mortgage platform, the only
investments and contributions.
Korean-American bank-issued credit card program and other
specialty services, including equipment lease financing, foreign
Hope Scholarship Foundation
currency and wealth management.
Bank of Hope is also the only Korean-American bank with a
true national footprint and solid presence in all top geographic
markets
in
the U.S. with
the
largest Asian-American
In 2017, Bank of Hope contributed $140,000 to the Hope
populations.
Scholarship Foundation.
In partnership with the Asian &
Pacific Island American Scholarship Fund (APIASF), scholarships
We have a tremendous opportunity to establish deeper
were awarded to 52 students who demonstrated strong
and stronger relationships with our existing customer base
academic performance, leadership capabilities and a need
just by cross-selling our other products and services. More
for financial assistance as they were preparing to enroll in their
importantly, we believe our diversified offering and
first year of college.
geographic footprint, coupled with our greater stature
in
the banking community, position Bank of Hope well to
Since the establishment of the Hope Scholarship Foundation
successfully expand
into newer markets and a broader
in 2001, Bank of Hope has supported the youth
in
its
customer base.
communities through more than $1.8 million in contributions.
Bank of Hope Founders Cup
Also during the year, Bank of Hope supported United Way
For the second consecutive year, Bank of Hope served as the title
health and financial stability through a United Way 2017
sponsor to the LPGA Founders Cup Tournament. We believe
Workplace Giving Campaign. In our inaugural campagn, our
that Bank of Hope shares many similarities and values with the
employees pledged more than $25,000
in contributions,
LPGA, and especially the Founders Cup. The Bank of Hope
which was
further
supported by a generaous 15%
and their community work focused on education, housing,
Founders Cup honors the 13 visionary women who established
corporate match.
the LPGA in 1950. The premier women’s professional sports
organization in the world today, the LPGA has maintained a
Hurricane Harvey Relief Fund
strong focus on giving back to its communities.
Last September, we watched with great concern the news
Like the LPGA, Bank of Hope was founded by visionaries who
coverage of the devastating damage and flooding caused by
established the Bank to serve the growing needs of an emerging
Hurricane Harvey. Like a good neighbor, Bank of Hope acted
immigrant community, and we too have maintained strong
swiftly to support the community and the recovery process
ties with our communities. As such, we are excited to partner
in the aftermath of the flooding. For immediate assistance,
with the LPGA and proud of the fact that the Bank of Hope
Bank of Hope delivered a corporate donation of $25,000
Founders Cup tournament proceeds are donated to the
to a Houston-based non-profit organization
focused on
LPGA-USGA Girls Golf program.
supporting the community. A Hurricane Harvey Relief Fund
2017 ANNUAL REPORT / 8
2017 ANNUAL REPORT / 9
Message to Stockholders
Message to Stockholders
NEIGHBORS
was also immediately established and our employees and
undertaking strengthen our competitive position and will lead
board members donated personal cash and accrued vacation
to enhanced operational efficiencies and financial performance
totaling more than $75,000, for an aggregate $100,000 in
for years to come. With renewed energy and conviction, we are
contributions to help those affected by the disaster.
confident that the future of Bank of Hope looks stronger than it
has ever been, and we look forward to delivering greater returns
Bank of Hope’s Core Values are designed to guide the actions
to our customers, employees, communities and shareholders.
and behavior of our people and reflect the corporate culture
that we are building. The acronym – IT FITS – was developed to
On behalf of the entire Board of Directors, we express our
reinforce the communication of these values, which include
deepest appreciation to our employees
for their tireless
Integrity, Transparency, Fairness, Initiative, Teamwork and
efforts and dedication, our customers for their loyal patronage,
Satisfaction.
our
regulators
for their collaborative guidance and our
stockholders for their ongoing trust and support.
Bank of Hope is committed to improving the value of our
service as Bankers, providing comprehensive financial
solutions as Experts, and being good Neighbors that foster
Sincerely,
growth for our customers and communities.
Looking ahead into 2018 and beyond, we are well positioned as
one of the leading Asian-American banks in the country with solid
presence in all of the top targeted geographic markets. We
believe the investments and initiatives that we are currently
Scott Yoon-Suk Whang
Chairman of the Board
Kevin S. Kim
President & Chief Executive Officer
Corporate Social Responsibility
Highlights
1 OUT OF 2
1000 HOURS
$2.59 BILLION
1 out of 2 Bank of Hope
branches located in
low-to-moderate income areas
Nearly 1000 hours
of CRA-reportable
volunteer hours
$2.59 billion
of loans
funded in 2017
$500 MILLION
$10 MILLION
$1.8 MILLION
$500 million of CRA-reportable
small business
lending in 2017
$10 million of donations
and sponsorships
over last 10 years
$1.8 million of contributions to the
Hope Scholarship Foundation
since 2001
In addition to financing economic growth, we believe our responsibilities include helping the communities in which we
live and work grow and flourish through volunteerism and philanthropy.
2017 ANNUAL REPORT / 10
2017 ANNUAL REPORT / 11
Selected Financial Data
Selected Financial Data
(dollars in thousands, except share and per share data)
2017
2016
2015
2014
2013
(dollars in thousands)
2017
2016
2015
2014
2013
As of and For the Years Ended December 31,
As of and For the Years Ended December 31,
Income Statement Data
Interest income
Interest expense
Net interest income
Provision for loan losses
$ 572,104 $ 421,934 $ 313,660 $ 302,657 $ 283,073
$ 90,724 $ 58,579 $ 40,618 $ 36,060 $ 30,018
$ 481,380 $ 363,355 $ 273,042 $ 266,597 $ 253,055
$ 17,360 $ 9,000 $ 8,000 $ 12,638 $ 20,000
Net interest income after provision for loan losses
$ 464,020 $ 354,355 $ 265,042 $ 253,959 $ 233,055
Noninterest income
Noninterest expense
$ 66,415 $ 51,819 $ 43,691 $ 44,187 $ 42,719
$ 266,601 $ 214,975 $ 153,384 $ 151,624 $ 141,620
Income before income tax provision
$ 263,834 $ 191,199 $ 155,349 $ 146,522 $ 134,154
Income tax provision
Net income
Per Common Share Data
Earnings _ basic
Earnings _ diluted
$ 124,389 $ 77,452 $ 63,091 $ 57,907 $ 52,399
$ 139,445 $ 113,747 $ 92,258 $ 88,615 $ 81,755
$ 1.03 $ 1.10 $ 1.16 $ 1.11 $ 1.03
$ 1.03 $ 1.10 $ 1.16 $ 1.11 $ 1.03
Book value (period end, excluding warrants)
$ 14.23 $ 13.72 $ 11.79 $ 11.10 $ 10.18
Cash dividends declared per common share
$ 0.50 $ 0.45 $ 0.42 $ 0.35 $ 0.25
Number of common shares outstanding (period end)
$135,511,891
$135,240,079 $79,566,356 $79,503,552 $79,441,525
Balance Sheet Data—At Period End
Assets
$ 14,206,717 $ 13,441,422 $ 7,912,648 $ 7,140,330 $ 6,475,199
Securities available for sale
$ 1,720,257 $ 1,556,740 $ 1,010,556 $ 792,523 $ 701,751
Loans receivable, net of unearned loan fees and discounts
(excludes loans held for sale)
$ 11,102,575 $ 10,543,332 $ 6,248,341 $ 5,565,192 $ 5,074,175
Deposits
$ 10,846,609 $ 10,642,035 $ 6,340,976 $ 5,693,452 $ 5,148,057
Federal Home Loan Bank advances and federal
funds purchased
Subordinated debentures
Stockholders’ equity
Average Balance Sheet Data
Assets
$ 1,227,593 $ 754,290 $ 530,591 $ 480,975 $ 421,352
$ 100,853 $ 99,808 $ 42,327 $ 42,158 $ 57,410
$ 1,928,255 $ 1,855,473 $ 938,095 $ 882,773 $ 809,374
$ 13,648,963 $ 10,342,063 $ 7,389,530 $ 6,830,244 $ 6,042,674
Securities available for sale
$ 1,679,468 $ 1,276,068 $ 871,010 $ 713,775 $ 699,812
Gross loans, including loans held for sale
$ 10,642,349 $ 8,121,897 $ 5,846,658 $ 5,355,243 $ 4,692,089
Deposits
Stockholders’ equity
$ 10,751,886 $ 8,232,984 $ 5,879,704 $ 5,439,920 $ 4,739,261
$ 1,907,746 $ 1,342,954 $ 912,609 $ 848,443 $ 788,570
Complete financial information is contained in the Company’s Form 10-K attached herewith in electronic form and incorporated by reference as part of
Hope Bancorp’s 2017 Annual Report.
Selected Performance Ratios
Return on average assets (1)
Return on average stockholders’ equity (2)
Average stockholders’ equity to average assets
Dividend payout ratio (3)
Net interest spread (4)
Net interest margin (5)
Yield on interest earning assets (6)
Cost of interest bearing liabilities (7)
Efficiency ratio (8)
Regulatory Capital Ratios
Hope Bancorp:
Common Equity Tier 1
Tier 1 leverage
Tier 1 risk-based
Total risk-based
Bank of Hope:
Common Equity Tier 1
Tier 1 leverage
Tier 1 risk-based
Total risk-based
Asset Quality Data
Nonaccrual loans
Loans 90 days or more past due and still accruing (9)
Restructured loans (accruing)
Total nonperforming loans
Other real estate owned
Total nonperforming assets
Asset Quality Ratios
Nonaccrual loans to loans receivable
Nonperforming loans to loans receivable
Nonperforming assets to total assets
Non-performing assets to loans receivable and OREO
Allowance for loan losses to loans receivable
Allowance for loan losses to nonaccrual loans
Allowance for loan losses to nonperforming loans
Allowance for loan losses to nonperforming assets
Net charge-offs (recoveries) to average gross loans
1.02%
7.31%
13.98%
48.54%
3.46%
3.80%
4.51%
1.05%
48.67%
12.30%
11.54%
13.11%
13.82%
12.95%
11.40%
12.95%
13.66%
1.10%
8.47%
12.99%
40.86%
3.49%
3.75%
4.36%
0.87%
51.78%
12.10%
11.49%
12.92%
13.64%
12.75%
11.33%
12.75%
13.46%
1.25%
10.11%
12.35%
36.21%
3.62%
3.88%
4.46%
0.84%
48.43%
12.08%
11.53%
12.67%
13.80%
12.56%
11.43%
12.56%
13.69%
1.30%
10.44%
12.42%
31.53%
3.88%
4.13%
4.68%
0.80%
48.79%
12.96%
11.62%
13.64%
14.80%
13.44%
11.45%
13.44%
14.61%
1.35%
10.37%
13.05%
24.27%
4.23%
4.46%
4.99%
0.76%
47.88%
12.65%
11.97%
13.66%
14.90%
13.46%
11.79%
13.46%
14.70%
$ 46,775
$ 407
$ 67,250
$ 114,432
$ 10,787
$ 125,219
$ 40,074
$ 305
$ 48,874
$ 89,253
$ 21,990
$ 111,243
$ 40,801
$ 46,353
$ 375 $ 361
$ 47,984 $ 57,128
$ 89,160 $ 103,842
$ 21,035 $ 21,938
$ 110,195 $ 125,780
$ 39,154
$ 5
$ 33,903
$ 73,062
$ 24,288
$ 97,350
0.42%
1.03%
0.88%
1.13%
0.76%
180.74%
73.88%
67.51%
0.11%
0.38%
0.85%
0.83%
1.05%
0.75%
197.99%
88.90%
71.32%
0.07%
0.65%
1.43%
1.39%
1.76%
1.22%
187.27%
85.70%
69.34%
(0.01)%
0.83%
1.87%
1.76%
2.25%
1.22%
146.18%
65.25%
53.87%
0.23%
0.77%
1.44%
1.50%
1.91%
1.33%
171.94%
92.14%
69.15%
0.42%
(1) Net income divided by the average assets
(2) Net income divided by the average stockholders’ equity
(3) Dividends per share divided by earnings per share
(4) Difference between the average yield earned on interest earning assets and the average rate paid on interest bearing liabilities
(5) Net interest income expressed as a percentage of average interest earning assets
(6) Interest income divided by the average interest earning assets
(7) Interest expense divided by the average interest bearing liabilities
(8) Noninterest expense divided by the sum of net interest income plus noninterest income
(9) Excludes acquired credit impaired loans totaling $18.1 million, $19.6 million, $12.2 million, $30.4 million and $43.8 million as of December 31, 2017, 2016, 2015, 2014 and 2013 , respectively
2017 ANNUAL REPORT / 12
2017 ANNUAL REPORT / 13
Leadership
We are proud to have one of the
strongest leadership teams among
Asian-American banks.
Risk
Management
Operations
Oversight
Business
Leadership
Lisa K. Pai
Executive Vice President &
General Counsel
Johann (Min) You
Executive Vice President &
Chief Risk Officer
Peter Koh
Executive Vice President &
Chief Credit Officer
Karen Craigmile
Executive Vice President &
Chief Internal Audit Executive
Daniel H. Kim
Executive Vice President &
Chief Strategy Officer
David P. Malone
Senior Executive Vice
President & Chief Operating
Officer
Alex Ko
Executive Vice President &
Chief Financial Officer
David W. Kim
Executive Vice
President &
Chief Retail Banking
Officer
David Song
Executive Vice
President &
Chief Business
Banking Officer
Kyu S. Kim
Senior Executive Vice
President & Eastern
Region President
Janette Mah
Executive Vice President &
Chief Mortgage Banking
Officer
Kevin S. Kim
President & Chief Executive Officer
Jason K. Kim
Executive Vice President &
Chief Commercial
Banking Officer
Steven C. Canup
Executive Vice President &
Managing Director,
Corporate Banking Group
2017 ANNUAL REPORT / 14
2017 ANNUAL REPORT / 15
Scott Yoon-Suk Whang
Chairman of the Board
Founder and Chairman
Orange Circle Studios
Kevin S. Kim
President & Chief Executive Officer
Hope Bancorp, Inc. and Bank of Hope
Steven S. Koh
Honorary Chairman
Chairman
Pacific Steel Corporation
Chung Hyun Lee
Former President
NuArt International, Inc.
John R. Taylor
Former Senior Audit Partner
KPMG LLP
Jin Chul Jhung
Chairman & President
Royal Imex, Inc.
Donald D. Byun
Former President
Jay Dee, Inc.
Steven J. Didion
General Partner and Portfolio Manager
JCSD Partners, LP
Daisy Y. Ha
Attorney
Jinho Doo
Chief Executive Officer
Key Capital Management, LLC
David P. Malone
Senior Executive Vice President &
Chief Operating Officer
Bank of Hope
Dale S. Zuehls, PhD
Principal
Zuehls, Legaspi & Company
William J. Lewis
Former Executive Vice President &
Chief Credit Officer
East West Bank
Board of Directors
Hope Bancorp, Inc. and Bank of Hope
Hope Bancorp, Inc. and Bank of Hope
Hope Bancorp’s executive management team is supported by a distinguished group of leaders and
corporate professionals from various market sectors and industry groups. The expertise of our Directors
includes accounting, auditing and financial reporting, commercial banking, investment banking, investment
management,
legal, corporate management, strategic planning, business acquisitions, marketing,
international operations, retail and small to middle-market business operations.
2017 ANNUAL REPORT / 16
2017 ANNUAL REPORT / 17
Location Information
Location Information (continued)
Location Information (continued)
SOUTHERN
CALIFORNIA
Branches
Koreatown
City Center
3435 Wilshire Blvd, Suite 150
Los Angeles, CA 90010
T (213) 427-2222
Olympic-Hoover
2222 W Olympic Blvd
Los Angeles, CA 90006
T (213) 386-2222
Olympic-Vermont
2727 W Olympic Blvd, Suite 104
Los Angeles, CA 90006
T (213) 235-3100
Olympic-Western
3267 W Olympic Blvd
Los Angeles, CA 90006
T (213) 388-2222
Western-Beverly
253 N Western Ave
Los Angeles, CA 90004
T (213) 381-2222
Western-9th
841 S Western Ave
Los Angeles, CA 90005
T (213) 387-7070
Wilshire
3200 Wilshire Blvd
Los Angeles, CA 90010
T (213) 427-1000
Wilshire-Harvard
3600 Wilshire Blvd, Suite 100-A
Los Angeles, CA 90010
T (213) 351-5980
Wilshire-Manhattan
3832 Wilshire Blvd
Los Angeles, CA 90010
T (213) 427-7711
Downtown LA
Fullerton/Cerritos
Broadway
1205 S Broadway
Los Angeles, CA 90015
T (213) 746-2222
Fashion Town
1300 S San Pedro St #200
Los Angeles, CA 90015
T (213) 746-3200
Maple
401 E 11th St #211
Los Angeles, CA 90015
T (213) 763-1800
San Pedro Mart
1100 S San Pedro St, Unit L21
Los Angeles, CA 90015
T (213) 745-5550
Wall
1122 S Wall St
Los Angeles, CA 90015
T (213) 763-1122
Huntington Park
Huntington Park
6350 Pacific Blvd
Huntington Park, CA 90255
T (323) 584-5950
South Bay
Gardena
1655 W Redondo Beach Blvd
Gardena, CA 90247
T (310) 327-2222
Torrance
2424 Sepulveda Blvd, Suite A
Torrance, CA 90501
T (310) 328-5555
Torrance Market
4340 Pacific Coast Hwy
Torrance, CA 90505
T (310) 257-0100
Cerritos
17500 Carmenita Rd
Cerritos, CA 90703
T (562) 926-2520
Fullerton
5300 Beach Blvd, Unit 101
Buena Park, CA 90621
T (714) 690-1400
Fullerton-Beach
5307 Beach Blvd
Buena Park, CA 90621
T (714) 994-5000
La Palma
4875 La Palma Ave
La Palma, CA 90623
T (562) 468-0900
Garden Grove/Irvine
Garden Grove
9580 Garden Grove Blvd Suite 100
Garden Grove, CA 92844
T (714) 891-2222
Irvine-Culver
14429 Culver Dr
Irvine, CA 92604
T (949) 777-3777
Rowland Heights/
Diamond Bar/Inland Empire
Diamond Bar
2809 S Diamond Bar Blvd
Diamond Bar, CA 91765
T (909) 718-2000
Inland
1040 S Mt. Vernon Ave, Suite A
Colton, CA 92324
T (909) 370-2222
Rancho Cucamonga
8045 Archibald Ave, Suite 100
Los Angeles, CA 90006
T (909) 919-7755
Rowland Heights-Colima
19765 E Colima Rd
Rowland Heights, CA 91748
Rowland Heights-Nogales
1709 S Nogales St, Suite 100
Rowland Heights, CA 91748
T (626) 581-4020
Valley
La Crescenta
3231 Foothill Blvd, Suite 205
La Crescenta, CA 91214
T (818) 551-0700
North Northridge
10147 Reseda Blvd
Northridge, CA 91324
T (818) 534-3333
South Northridge
8401 Reseda Blvd
Northridge, CA 91324
T (818) 773-6133
San Diego
San Diego
4428 Convoy St, Suite #A-200
San Diego, CA 92111
T (858) 874-3333
Commercial Loan Centers
Los Angeles Regional Office
3731 Wilshire Blvd, 3rd Floor
Los Angeles, CA 90010
T (213) 639-1700
Buena Park Office
5254 Beach Blvd
Buena Park, CA 90621
T (562) 345-3102
Broadway Office
1205 S Broadway
Los Angeles, CA 90015
T (213) 763-7899
Gardena Office
1655 W Redondo Beach Blvd
Gardena, CA 90247
T (310) 327-2222
Olympic-Hoover Office
2222 W Olympic Blvd, 2nd Floor
Los Angeles, CA 90006
T (213) 386-2222
Olympic-Vermont Office
2727 W Olympic Blvd, Suite 104
Los Angeles, CA 90006
T (213) 235-3100
T (213) 235-3113
Wilshire Office
3200 Wilshire Blvd
Los Angeles, CA 90010
T (213) 365-3303
Premier Banking Group
Olympic-Western Office
3267 W Olympic Blvd, 2nd Floor
Los Angeles, CA 90006
T (213) 235-3113
SBA Department
3200 Wilshire Blvd, 7th Floor
Los Angeles, CA 90010
T (877) 627-2722
Mortgage Banking Division
3200 Wilshire Blvd, 4th Floor
Los Angeles, CA 90010
T (866) 972-2265
Beverly Hills LPO
9595 Wilshire Blvd, Suite 400
Beverly Hills, CA 90212
T (866) 972-2265
Gardena/Torrance LPO
1655 W Redondo Beach Blvd, 3rd Floor
Gardena, CA 90247
T (310) 327-2222
Newport Beach LPO
24 Corporate Plaza, Suite 180
Newport Beach, CA 92660
T (949) 999-7900
South Bay LPO
2447 Pacific Coast Hwy, Suite 101
Hermosa Beach, CA 90254
T (866) 972-2265
Corporate Banking Group
3200 Wilshire Blvd, 2nd Floor
Los Angeles, CA 90010
T (213) 427-6530
Syndicated Lending Group
3200 Wilshire Blvd, 10th Floor
Los Angeles, CA 90010
T (213) 427-6321
Credit Card Department
3200 Wilshire Blvd, 11th Floor
Los Angeles, CA 90010
T (213) 355-2850
Commercial Equipment Lease
Financing Department
3731 Wilshire Blvd, 3rd Floor
Los Angeles, CA 90010
T (213) 805-8230
Investment Services
3267 W Olympic Blvd
Los Angeles, CA 90006
T (213) 201-3600
NORTHERN
CALIFORNIA
Branches
Oakland
1939 Harrison St, Suite 110
Oakland, CA 94612
T (510) 302-0505
Silicon Valley
1102 E El Camino Real
Sunnyvale, CA 94087
T (408) 557-2000
Commercial Loan Center
WASHINGTON
Branches
Federal Way
31827-B Pacific Hwy S
Federal Way, WA 98003
T (253) 941-9200
Lynnwood
17410 Hwy 99, Suite 120
Lynnwood, WA 98037
T (425) 743-7777
Lynnwood Market
3301 184th St SW, Suite 125
Lynnwood, WA 98037
T (425) 776-5111
Tacoma
8608 S Tacoma Way
Lakewood, WA 98499
T (253) 984-7900
Commercial Loan Center
PNW Region Loan Center
3500 188th St SW, Suite 234
Lynnwood, WA 98037
T (253) 946-1067
TEXAS
Branches
Dallas
2237 Royal Ln
Dallas, TX 75229
T (972) 919-9999
Houston-Spring
13890 Blalock Rd
Houston, TX 77055
T (281) 407-3355
Commercial Loan Center
South Central Region Loan
Center
2237 Royal Ln
Dallas, TX 75229
T (972) 919-9999
ILLINOIS
Branches
Arlington Heights
83 West Golf Rd
Arlington Heights, IL 60005
T (847) 398-7700
Glenview
1645 N Milwaukee Ave
Glenview, IL 60025
T (855) 329-2226
Naperville
1504 Naper Blvd, Suite 136
Naperville, IL 60563
T (630) 505-7200
Niles
8504-A W Golf Rd
Niles, IL 60714
T (847) 965-7373
Niles Market
801 Civic Center Dr, Suite 155
Niles, IL 60714
T (847) 965-2402
Fort Worth
7553 Boulevard 26
North Richland Hills, TX 76180
T (817) 514-4600
Skokie
5526 Touhy Ave
Skokie, IL 60077
T (773) 736-1300
NCA Region Loan Center
47102 Mission Falls Ct, Suite 100
Fremont, CA 94539
T (510) 550-8000
Houston
10000 Harwin Dr
Houston, TX 77036
T (713) 774-0411
Denver LPO
2851 S Parker Rd, Suite 1120
Aurora, CO 80014
T (720) 535-5060
New York LPO
162-05 Crocheron Ave
Flushing, NY 11358
T (718) 412-9055
Northern California LPO
1939 Harrison St, Suite 190
Oakland, CA 94612
T (510) 899-6803
Portland LPO
111 SW 5th Ave, Suite 3160
Portland, OR 97204
T (503) 360-9193
Seattle LPO
400 112th Ave NE, Suite 150
Bellevue, WA 98004
T (425) 921-1098
KOREA
Seoul Representative Office
20F Glass Tower
534 Teheran-ro
Gangnam-gu, Seoul, Korea 06181
T +82 (2) 3439-9120
Eastern Region Loan Center-
Manhattan
307 Fifth Ave, 5th Floor
New York, NY 10001
T (212) 279-2790
Premier Commercial
Banking Division
Manhattan Office
16 W 32nd St
New York, NY 10001
T (212) 279-2790
Eastern Region SBA
Department
Flushing-Union
138-02 Northern Blvd
Flushing, NY 11354
T (718) 886-6611
NEW JERSEY
Branches
Edison
1757 Lincoln Hwy
Edison, NJ 08817
T (732) 839-0640
Fort Lee
172 Main St
Fort Lee, NJ 07024
T (201) 585-7707
Palisades Park
303 Broad Ave
Palisades Park, NJ 07650
T (201) 582-1100
Commercial Loan Center
Eastern Region Loan Center-
New Jersey
211 Broad Ave
Palisades Park, NJ 07650
T (201) 720-3900
Commercial Loan Center
MW Region Loan Center
8504-A W Golf Rd
Niles, IL 60714
T (847) 965-7373
NEW YORK
Branches
Bayside
209-07 Northern Blvd
Bayside, NY 11361
T (718) 428-1606
Flushing-150th
150-24 Northern Blvd, Suite G4
Flushing, NY 11354
T (347) 625-2800
Flushing-Crocheron
162-05 Crocheron Ave
Flushing, NY 11358
T (718) 888-0020
Flushing-Union
138-02 Northern Blvd
Flushing, NY 11354
T (718) 886-6611
Great Neck
485 Great Neck Rd
Great Neck, NY 11021
T (516) 466-4160
Manhattan
16 W 32nd St
New York, NY 10001
T (212) 279-2790
Woodside
50-15 Roosevelt Ave
Woodside, NY 11377
T (718) 335-2000
Commercial Loan Centers
Regional Headquarters,
Eastern Region
16 W 32nd St
New York, NY 10001
T (212) 279-2790
VIRGINIA
Branches
Annandale
7410 Little River Tpke
Annandale, VA 22003
T (203) 354-4310
Centreville
13890 Braddock Rd
Centreville, CA 20121
T (571) 321-6272
GEORGIA
Branches
LaGrange
1508 Lafayette Pkwy
LaGrange, GA 30241
T (706) 882-5885
ALABAMA
Branches
Montgomery
1605 Eastern Blvd
Montgomery, AL 36117
T (334) 277-4118
SBA LOAN PRODUCTION
OFFICES
Atlanta LPO
3575 Koger Blvd, #380
Duluth, GA 30096
T (678) 380-0774
Dallas LPO
3010 Lyndon B Johnson Fwy
Suite 205
Dallas, TX 75234
T (469) 522-4955
2017 ANNUAL REPORT / 18
2017 ANNUAL REPORT / 19
2017 ANNUAL REPORT / 20
Corporate Information
Hope Bancorp, Inc. and Bank of Hope
Board of Directors
Scott Yoon-Suk Whang
Chairman of the Board
Founder and Chairman
Orange Circle Studios
Kevin S. Kim
President & Chief Executive Officer
Hope Bancorp, Inc. and Bank of Hope
Steven S. Koh
Honorary Chairman
Chairman
Pacific Steel Corporation
Donald D. Byun
Former President
Jay Dee, Inc.
Steven J. Didion
General Partner and Portfolio Manager
JCSD Partners, LP
Jinho Doo
Chief Executive Officer
Key Capital Management, LLC
Daisy Y. Ha
Attorney
Jin Chul Jhung
Chairman & President
Royal Imex, Inc.
Chung Hyun Lee
Former President
NuArt International, Inc.
David P. Malone
Senior Executive Vice President &
Chief Operating Officer
Bank of Hope
William J. Lewis
Former Executive Vice President &
Chief Credit Officer
East West Bank
John R. Taylor
Former Senior Audit Partner
KPMG LLP
Dale S. Zuehls, PhD
Principal
Zuehls, Legaspi & Company
Executive Officers
Independent Auditors
Kevin S. Kim
President & Chief Executive Officer
Hope Bancorp, Inc. and Bank of Hope
David P. Malone
Senior Executive Vice President &
Chief Operating Officer
Bank of Hope
Kyu S. Kim
Senior Executive Vice President &
Eastern Region President
Bank of Hope
Alex Ko
Executive Vice President &
Chief Financial Officer
Hope Bancorp, Inc. and Bank of Hope
Peter Koh
Executive Vice President &
Chief Credit Officer
Bank of Hope
Steven C. Canup
Executive Vice President &
Managing Director, Corporate Banking Group
Bank of Hope
Karen Craigmile
Executive Vice President &
Chief Internal Audit Executive
Bank of Hope
Daniel H. Kim
Executive Vice President &
Chief Strategy Officer
Bank of Hope
David W. Kim
Executive Vice President &
Chief Retail Banking Officer
Bank of Hope
Jason K. Kim
Executive Vice President,
Chief Commercial Banking Officer
Bank of Hope
Janette Mah
Executive Vice President &
Chief Mortgage Banking Officer
Bank of Hope
Lisa K. Pai
Executive Vice President &
General Counsel
Hope Bancorp, Inc. and Bank of Hope
David Song
Executive Vice President &
Chief Business Banking Officer
Bank of Hope
Johann (Min) You
Executive Vice President &
Chief Risk Officer
Hope Bancorp, Inc. and Bank of Hope
Crowe Horwath LLP
Los Angeles, California
SEC Counsel
Mannatt, Phelps & Phillips, LLP
Los Angeles, California
Transfer Agent and Registrar
If you have questions about stock
certificates, or if you need to transfer
shares or change the name in which
they are registered, please contact:
Computershare Trust Company, N.A.
250 Royall St
Canton, MA 02021
T (877) 272-7494
www.computershare.com/investor
Securities Listing
Hope Bancorp, Inc.’s common stock
is traded on the NASDAQ Global Select
Market under the symbol HOPE.
Investor Relations
Angie Yang
Senior Vice President, Director of Investor
Relations & Corporate Communications
T (213) 251-2219
angie.yang@bankofhope.com
Offer of 10-K Report
Shareholders may obtain without charge
copies of Hope Bancorp’s 2017 Annual
Report to the Securities and Exchange
Commission on Form 10-K by sending
a request to investor@bankofhope.com.
Annual Meeting of Shareholders
The Annual Meeting of Shareholders will be
held at 10:30 a.m. on Thursday, May 24, 2018,
at the Oxford Palace Hotel, 745 South Oxford
Avenue, Los Angeles, California 90005.
Corporate Headquarters
3200 Wilshire Blvd, Suite 1400
Los Angeles, CA 90010
T (213) 639-1700
SEOUL REPRESENTATIVE OFFICE
National Geographic Presence
Nationwide footprint with meaningful presence, providing full banking
services to the largest Asian-American communities in the U.S.
SOUTHERN CALIFORNIA
33 branches + 4 Residential
Mortgage LPOs
NEW YORK & NEW JERSEY
10 branches + 2 Commercial
Lending LPOs + 1 SBA LPO
ILLINOIS
6 branches
WASHINGTON
4 branches + 1 Commercial
Lending LPO + 1 SBA LPO
NORTHERN CALIFORNIA
2 branches + 1 Commercial
Lending LPO + 1 SBA LPO
TEXAS
2 Dallas branches +
2 Houston branches +
1 SBA LPO
VIRGINIA
2 branches
GEORGIA
1 branch +
1 SBA LPO
ALABAMA
1 branch
PORTLAND SBA LPO
DENVER SBA LPO
- HOPE 2017 Form 10-K
- Introduction to Bank of Hope
- Bank of Hope EZ Loan Ad
- Bank of Hope Mortgage Ad
To request printed copies of the Company’s
2017 Form 10-K, please send an email to
investor@bankofhope.com.
2017 ANNUAL REPORT / 21
2017 ANNUAL REPORT / 22
The Hope Bancorp 2017 Annual Report has not been reviewed, or confirmed for accuracy or relevance, by the Federal Deposit Insurance Corporation.