2018 Annual Report
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
$15.31 billion in total assets as of December 31, 2018, 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 and Alabama. The Bank also
operates SBA loan production offices in Seattle, Houston, Denver, Dallas, Atlanta, Portland,
Oregon, Virginia, 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 financing 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.
2018 ANNUAL REPORT / 1
Message to Stockholders
Investments to Sustain
the Long-Term Growth of
Bank of Hope
Dear Valued Stockholders, Customers and Employees:
2018 was a year of significant investments to support the
longer-term growth of our organization as a regional bank.
Investments in our infrastructure. Investments in our processes
and workflow. Investments in our people and capabilities.
Notwithstanding these investments on a backdrop of a
challenging business environment, we sucessfully completed
the year with numerous achievments and solid financial
performance.
We made progress throughout the year with a corporate
transformation plan designed to enhance the diversification
of our revenue streams and improve the overall work flow by
providing greater operational efficiencies in the lending
process. With our frontline focusing on the specialized
needs of our commercial business banking customers and
branch-based consumer customers, we have
improved
our overall services and relationships to strengthen our
relevance to their financial needs.
With $15 billion in total assets, we also recognized the
n Scott Yoon-Suk Whang Chairman of the Board
greater capabilities and depth of experience we must have
as a regional bank. And with the enhanced posture of
We also successfully executed on a capital management
our organization, we successfully recruited experienced
strategy
that provided attractive
terms and financial
bankers
from
larger mainstream banks, strengthening
flexibility, as well as an opportunity to consummate a
our capabilities
in many areas,
including
information
meaningful share buyback in connection with the issuance.
technology,
internal audit, risk, commercial
lending and
We raised $217.5 million dollars through a convertible note
treasury management, among others.
offering, of which $100 million was allocated to a stock
We believe these investments create greater opportunities
capital at the bank level, positioning us to successfully
that will
lead to stronger and more profitable growth
execute on our growth
strategies while effectively
for Bank of Hope for the long term.
managing our loan concentrations.
repurchase program. The remainder was utilized to build
202018 ANNUAL REPORT / 2
Creating Greater
Opportunities
Leading to More Profitable Growth
n Kevin S. Kim
President & Chief Executive Officer
2018 ANNUAL REPORT / 3
Message to Stockholders
One of the leading Asian-American banks
in the United States
All-in-all, including an additional $50 million stock buyback
Looking forward into 2019, we are committed to improving
program completed during the fourth quarter, we repurchased
our services to our customers, our relationships within our
$150 million of our stock, or 9,002,453 shares, in 2018,
communities, our communications with our
investment
enhancing stockholder value by reducing the total number
community, our partnership with our regulators and our
of shares outstanding at year-end by 6.6%.
relevance to our employees. We believe the investments and
initiatives that we are currently undertaking strengthen our
After these share repurchases during 2018, the Company
competitive position and will lead to enhanced operational
continued to maintain robust capital
levels with total
efficiencies and financial performance for years to come.
risk-based capital at 12.94%,
leverage ratio at 10.55%,
and common equity tier 1 capital at 11.44% at year-end.
Bank of Hope is well positioned as one of the leading
Asian-American banks in the country with solid presence in
Throughout the year, we carefully managed our cost structure
all of the top targeted geographic markets. The future of our
meaningful asset quality improvement and delivered record
national presence to be a top performer for our stockholders,
levels of earnings.
customers, staff and communities. We are confident and look
forward to delivering greater returns for all of our stakeholders.
Net income for 2018 totaled $189.6 million, or $1.44 per
diluted common share, compared with $139.4 million, or
On behalf of the entire Board of Directors, we express our
$1.03 per diluted common share in 2017. The return on
deepest appreciation to our employees for their tireless
average assets for 2018 improved to 1.29%, and the return
efforts and dedication, our customers
for
their
loyal
on average stockholders’ equity
increased
to 9.92%.
patronage, our regulators for their collaborative guidance
and our stockholders for their ongoing trust and support.
As of December 31, 2018, total assets increased 8% over 2017
to $15.31 billion, loans receivable increased 9% to $12.10
billion and total deposits increased 12% to $12.16 billion.
Sincerely,
Given
the solid financial performance
for
the year
notwithstanding
the considerable
investments
in our
organization, our Board of Directors increased the quarterly
dividend to our stockholders for the sixth consecutive year
to $0.14 per common share.
Scott Yoon-Suk Whang
Chairman of the Board
Kevin S. Kim
President & Chief Executive Officer
and drove down our core noninterest expenses to average
organization is strong as we continue to progress toward
assets, generated record loan origination volumes, achieved
our Vision to build upon our Korean-American heritage and
Financial
Highlights
.
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2014 2015 2016 2017 2018
2014 2015 2016 2017 2018
2014 2015 2016 2017 2018
Total Assets
Loans Receivable
Total Deposits
The strong financial performance of
Bank of Hope has garnered numerous accolades
$
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9
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2014 2015 2016 2017 2018
2014 2015 2016 2017 2018
2014 2015 2016 2017 2018
Net Income
Stockholders’ Equity
Total Risk-based
Capital Ratio
2018 ANNUAL REPORT / 4
2018 ANNUAL REPORT / 5
Selected Financial Data
Selected Financial Data
(dollars in thousands, except share and per share data)
2018
2017
2016
2015
2014
(dollars in thousands)
2018
2017
2016
2015
2014
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
$ 650,172
$ 572,104
$ 421,934
$ 313,660
$ 302,657
162,245
90,724
58,579
40,618
36,060
487,927
481,380
363,355
273,042
266,597
14,900
17,360
9,000
8,000
12,638
Net interest income after provision for loan losses
473,027
464,020
354,355
265,042
253,959
Noninterest income
Noninterest expense
60,180
66,415
51,819
43,691
44,187
277,726
266,601
214,975
153,384
151,624
Income before income tax provision
255,481
263,834
191,199
155,349
146,522
Income tax provision
Net income
Per Common Share Data
Earnings _ basic
Earnings _ diluted
65,892
124,389
77,452
63,091
57,907
$ 189,589
$ 139,445
$ 113,747
$ 92,258
$ 88,615
$ 1.44
$ 1.03
$ 1.10
$ 1.16
$ 1.11
$ 1.44
$ 1.03
$ 1.10
$ 1.16
$ 1.11
Book value (period end, excluding warrants)
$ 15.03
$ 14.23
$ 13.72
$ 11.79
$ 11.10
Cash dividends declared per common share
$ 0.54
$ 0.50
$ 0.45
$ 0.42
$ 0.35
Number of common shares outstanding (period end)
126,639,912
135,511,891
135,240,079
79,566,356
79,503,552
Balance Sheet Data—At Period End
Assets
$ 15,305,952
$ 14,206,717
$ 13,441,422
$ 7,912,648
$ 7,140,330
Securities available for sale
$ 1,846,265
$ 1,720,257
$ 1,556,740
$ 1,010,556
$ 792,523
Loans receivable, net of unearned loan fees and discounts
(excludes loans held for sale)
$ 12,098,115
$ 11,102,575
$ 10,543,332
$ 6,248,341
$ 5,565,192
Deposits
$ 12,155,656
$ 10,846,609
$ 10,642,035
$ 6,340,976
$ 5,693,452
Federal Home Loan Bank advances
$ 821,280
$ 1,227,593
$ 754,290
$ 530,591
$ 480,975
Subordinated debentures
Convertible notes, net
Stockholders’ equity
Average Balance Sheet Data
Assets
$ 101,929
$ 100,853
$ 99,808
$ 42,327
$ 42,158
$ 194,543
$ -
$ -
$ -
$ -
$ 1,903,211
$ 1,928,255
$ 1,855,473
$ 938,095
$ 882,773
$ 14,749,166
$ 13,648,963
$ 10,342,063
$ 7,389,530
$ 6,830,244
Securities available for sale
$ 1,772,080
$ 1,679,468
$ 1,276,068
$ 871,010
$ 713,775
Gross loans, including loans held for sale
$ 11,547,022
$ 10,642,349
$ 8,121,897
$ 5,846,658
$ 5,355,243
Deposits
Stockholders’ equity
$ 11,628,177
$ 10,751,886
$ 8,232,984
$ 5,879,704
$ 5,439,920
$ 1,910,224
$ 1,907,746
$ 1,342,954
$ 912,609
$ 848,443
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 2018 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
Leverage
Tier 1 risk-based
Total risk-based
Bank of Hope:
Common Equity Tier 1
Leverage
Tier 1 risk-based
Total risk-based
Asset Quality Data
Nonaccrual loans
1.29%
9.92%
12.95%
37.58%
3.04%
3.53%
4.71%
1.67%
1.02%
7.31%
13.98%
48.54%
3.46%
3.80%
4.51%
1.05%
1.10%
8.47%
12.99%
40.86%
3.49%
3.75%
4.36%
0.87%
1.25%
10.11%
12.35%
36.21%
3.62%
3.88%
4.46%
0.84%
1.30%
10.44%
12.42%
31.53%
3.88%
4.13%
4.68%
0.80%
50.67%
48.67%
51.78%
48.43%
48.79%
11.44%
10.55%
12.21%
12.94%
13.63%
11.76%
13.63%
14.36%
12.30%
11.54%
13.11%
13.82%
12.95%
11.40%
12.95%
13.66%
12.10%
11.49%
12.92%
13.64%
12.75%
11.33%
12.75%
13.46%
12.08%
11.53%
12.67%
13.80%
12.56%
11.43%
12.56%
13.69%
12.96%
11.62%
13.64%
14.80%
13.44%
11.45%
13.44%
14.61%
$ 53,286
$ 46,775
$ 40,074
$ 40,801
$ 46,353
Loans 90 days or more past due and still accruing (9)
1,529
407
305
375
361
Restructured loans (accruing)
Total nonperforming loans
Other real estate owned
Total nonperforming assets
50,410
67,250
48,874
47,984
57,128
105,225
114,432
89,253
89,160
103,842
7,754
10,787
21,990
21,035
21,938
$ 112,979
$ 125,219
$ 111,243
$ 110,195
$ 125,780
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
0.44%
0.87%
0.74%
0.93%
0.77%
0.42%
1.03%
0.88%
1.13%
0.76%
0.38%
0.85%
0.83%
1.05%
0.75%
0.65%
1.43%
1.39%
1.76%
1.22%
0.83%
1.87%
1.76%
2.25%
1.22%
173.70%
180.74%
197.99%
187.27%
146.18%
87.96%
81.92%
0.06%
73.88%
67.51%
0.11%
88.90%
71.32%
0.07%
85.70%
69.34%
(0.01)%
65.25%
53.87%
0.23%
(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 $14.1 million, $18.1 million, $19.6 million, $12.2 million and $30.4 million as of December 31, 2018, 2017, 2016, 2015, and 2014, respectively
2018 ANNUAL REPORT / 6
2018 ANNUAL REPORT / 7
Left to right:
q Kyu S. Kim
Senior Executive Vice President &
Eastern Regional President
q Peter Koh
Executive Vice President &
Chief Credit Officer
q Kevin S. Kim
President & Chief Executive Officer
q Alex Ko
Executive Vice President &
Chief Financial Officer
q David P. Malone
Senior Executive Vice President &
Chief Operating Officer
Bankers. Experts. Neighbors.
Bankers. Experts. Neighbors.
Our Commitment:
To provide comprehensive financial solutions
as EXPERTS.
Beyond our
initial core strengths
in
international trade
finance, SBA and commercial real estate lending, Bank of
Hope has become a diversified financial institution with
a comprehensive offering of products and services
in
commercial
lending,
asset-based
lending,
residential
mortgages, treasury management services, credit cards,
equipment lease financing, foreign currency and wealth
management.
Products and services alone, however, are not sufficient
to build
a
strong financial
institution. With our
specialized knowledge of industry trends and a strong
Asset-Based Lending
Commercial Lending
Residential Mortgage
WealthCredit Card
FinanceLending
SBA Lending
SBA Lending
Equipment Lease Financing
Wealth Management
CRE Lending
Foreign Currency
Finance
Wealth
Mortgage Warehouse Lending
Treasury Management Solutions
Int’l Trade Finance
Our Commitment:
To improve the value of our service as BANKERS.
Our Mission is to be the first choice partner for our target
platform for our customers to partner with to reach their
corporate, middle market and small businesses by providing
financial goals.
a comprehensive set of business products and services,
while being the premier bank for the target consumers in
The value of our service as the banker of choice is underscored
the communities we serve nationwide.
by the higher levels of originations in 2018. For the full year,
pulse on
the competitive environment
in our core
increased 42% year-over-year, and residential mortgage
communities, our bankers have the expertise and are
originations increased 67% over 2017, underscoring the
well equipped to provide the appropriate value-added
enhanced platforms and expertise
in these two areas
products and services based on our customer’s specific
of our business.
needs and risk profile.
12th Largest SBA
Lender in the Nation
With a superior competitive position, marked by unrivaled
leadership and expertise among our niche peers and
unparalleled opportunity to cross-sell a comprehensive
offering of products and services, Bank of Hope has a
tremendous opportunity
to
establish deeper
and
Bank of Hope funded a record $3.01 billion in new loans to
As a testament to our expertise, Bank of Hope has long
stronger relationships with our existing customer base.
It takes a good team of people to deliver on sound strategies,
support the growth of its customers, representing a 16%
and Bank of Hope has assembled the deepest bench of
increase over 2017 production volumes. This production
bankers in our community with significantly broader depth
contributed to a more diversified mix of loans at year-end
of experience and specialized skill sets. Together with our
and was achieved through new business wins from both
been established as one of the top SBA lenders in the
Coupled with our greater stature in the banking community,
nation over the last 20 years. The strong performance of this
Bank of Hope is also well positioned to expand into newer
business unit resulted in Bank of Hope being ranked 12th
markets and provide banking services
to a broader
increased scale and lending limits, strong capital position and
the mainstream and core customer base, as well as new
in the nation in terms of lending volume for the SBA’s 2018
and larger customer base, contributing to the ongoing
greater resources, Bank of Hope is proving to be a formidable
relationships with higher profile, middle market businesses.
fiscal year. Moreover, 2018 commercial lending volumes
diversification of our loan and deposit portfolios.
2018 ANNUAL REPORT / 8
2018 ANNUAL REPORT / 9
Bankers. Experts. Neighbors.
Our Commitment:
To be good NEIGHBORS that foster growth for our
customers and communities.
As a community-based bank, Bank of Hope is committed to being a model corporate citizen
and supporting its communities through various forms of investments and contributions.
Since the establishment of the Hope Scholarship Foundation
in 2001, Bank of Hope has supported the youth in its
communities through $2.0 million in contributions to the
Hope Scholarship Foundation.
In partnership with the
Asian & Pacific Island American Scholarship Fund (APIASF),
scholarships were awarded to 52 students in 2018. The
students were selected based on their demonstration of
strong academic performance, leadership capabilities and
a need for financial assistance as they were preparing to
enroll in the 2018-2019 academic year of college. A widely
Bank of Hope also continued to partner with United Way
of Greater Los Angeles to support their community work
focused on education, housing, health and financial stability
for our most vulnerable neighbors,
including students,
low-income families, veterans and the homeless. Through
an annual United Way Workplace Giving Campaign, our
employees have the opportunity to make a direct impact
in
the communities
in which
they work and
live.
Employee pledges in 2018 totaled approximately $40,000,
and underscoring Bank of Hope’s commitment to the
community, a 100% corporate match was provided for every
employee donation.
Through
various
community
reinvestment
activities
throughout the year,
including the Volunteer
Income
Tax Assistance (VITA) program and Junior Achievement
praised annual event, the program has been one of the most
especially the Founders Cup tournament, which honors
events, among others, our employees served nearly
fulfilling ways that we have been able to give back to our
the 13 visionary women who saw a need and established
1,200 CRA-qualified hours in 2018, which represented a
customers and
the greater communities which
the
the LPGA in 1950. Like the LPGA, Bank of Hope was
25% increase above the prior year and exemplified Bank
Bank serves.
founded by visionaries to serve the financial needs of
of Hope’s commitment to supporting
its communities.
a growing
immigrant population, and today
it
is the
For the third consecutive year, Bank of Hope served as title
representative bank of the Korean-American community.
These activities exemplify Bank of Hope’s core values,
sponsor to the LPGA Founders Cup. As one of the leading
We are especially proud of the fact that the Founders
which we believe are particularly important in building
Asian-American banks in the United States, Bank of Hope
Cup tournament proceeds are donated to support the
and sustaining a strong culture of high performance and
shares many similarities and values with the LPGA, and
LPGA-USGA Girls Golf program.
collaboration. And the acronym – IT FITS – was developed
to reinforce the communication of these values.
Corporate Social Responsibility Highlights
CORE VALUES
IT FITS
I
T
F
I
T
S
Integrity
Maintaining the highest standards of honesty and ethical
behavior in our day-to-day interactions with others
Transparency
Being open and forthright in all of our business
practices and communications
Fairness
Acting without bias in all of our business decisions
Initiative
Willingness to independently take action to resolve
a problem, complete a task, or develop an innovative
response to a business challenge
Teamwork
Working with our colleagues to achieve our common
goals, recognizing that as a team we can achieve far
more than any of us can as individuals
Satisfaction
Deliver high levels of satisfaction to our key stakeholders
(customers, shareholders, employees, community)
by meeting and exceeding their expectations
* IT FITS is a registered trademark of Bank of Hope
1 OUT OF 2
1 out of 2 Bank of Hope
branches located in
low-to-moderate income areas
1200 HOURS
Nearly 1200 hours
of CRA-reportable
volunteer hours in 2018
$3.0 BILLION
$3.0 billion
of loans
funded in 2018
$500 MILLION
$500 million of CRA-reportable
small business
lending in 2018
$10 MILLION
$10 million of donations
and sponsorships
over last 10 years
$2.0 MILLION
$2.0 million of contributions
to the Hope Scholarship
Foundation since 2001
2018 ANNUAL REPORT / 10
2018 ANNUAL REPORT / 11
Scott Yoon-Suk Whang
Chairman of the Board
Founder and Chief Executive Officer
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.
Jin Chul Jhung
Chairman & President
Royal Imex, Inc.
Donald D. Byun
Former President
Jay Dee, Inc.
John R. Taylor
Former Senior Audit Partner
KPMG LLP
Steven J. Didion
General Partner and Portfolio
Manager
JCSD Partners, LP
Daisy Y. Ha
Attorney
David P. Malone
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
Jinho Doo
Chief Executive Officer
Key Capital Management, LLC
James D. Hwang
Former Chief Executive Officer
Cal Net Tech
Board of Directors
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, technology, retail and small to middle-market business operations.
2018 ANNUAL REPORT / 12
2018 ANNUAL REPORT / 13
Location Information
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
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
Wall1
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
Fullerton/Cerritos
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
Rowland Heights-Colima
10911 Colima Rd
Walnut, CA 91789
T (909) 979-8020
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
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
Gardena/Torrance LPO
1655 W Redondo Beach Blvd
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
Syndicated Lending Group
3200 Wilshire Blvd, 10th Floor
Los Angeles, CA 90010
T (213) 427-6321
Credit Card Department
3200 Wilshire Blvd, 14th 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
Olympic-Western Office
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
Premier Banking Group
Commercial Loan Centers
Olympic-Western Office
3267 W Olympic Blvd, 2nd Floor
Los Angeles, CA 90006
T (213) 235-3113
NCA Region Loan Center
47102 Mission Falls Ct, Suite 100
Fremont, CA 94539
T (510) 550-8000
Premier Commercial Banking
Division
SBA Loan Production Offices
Manhattan Office
16 W 32nd St
New York, NY 10001
T (212) 279-2790
New Jersey
Branches
Edison1
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 Centers
Eastern Region Loan Center-
New Jersey
211 Broad Ave
Palisades Park, NJ 07650
T (201) 720-3900
Virginia
Branches
Annandale
7410 Little River Tpke
Annandale, VA 22003
T (203) 354-4310
Centreville
13890 Braddock Rd
Centreville, VA 20121
T (571) 321-6272
Alabama
Branches
Montgomery
1605 Eastern Blvd
Montgomery, AL 36117
T (334) 277-4118
Annandale LPO
7535 Little River Tpke Suite 120-A
Annandale, VA 22003
T (877) 627-2722
Atlanta LPO
3575 Koger Blvd, #380
Duluth, GA 30096
T (678) 380-0774
Dallas LPO
2727 Lyndon B Johnson Fwy Suite 110
Dallas, TX 75234
T (469) 522-4955
Denver LPO
2851 S Parker Rd, Suite 1120
Aurora, CO 80014
T (720) 535-5060
Houston LPO
10000 Harwin Dr
Houston, TX 77036
T (281) 407-3353
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
1 Friday, June 21, 2019 will be the last day
this branch will be open for business at
the current location.
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 Centers
PNW Region Loan Center
3500 188th St SW, Suite 234
Lynnwood, WA 98037
T (425) 921-1261
Texas
Branches
Dallas
2237 Royal Ln
Dallas, TX 75229
T (972) 919-9999
Fort Worth
7553 Boulevard 26
North Richland Hills, TX 76180
T (817) 514-4600
Houston
10000 Harwin Dr
Houston, TX 77036
T (713) 774-0411
Houston-Spring
13890 Blalock Rd
Houston, TX 77055
T (281) 407-3355
Commercial Loan Centers
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
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
Skokie
5526 Touhy Ave
Skokie, IL 60077
T (773) 736-1300
Commercial Loan Centers
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
Eastern Region Loan Center-
Manhattan
308 Fifth Ave
New York, NY 10001
T (212) 279-2790
2018 ANNUAL REPORT / 14
2018 ANNUAL REPORT / 15
Corporate Information
Hope Bancorp, Inc. and Bank of Hope
Board of Directors
Executive Officers
Independent Auditors
Scott Yoon-Suk Whang
Chairman of the Board
Founder and Chief Executive Officer
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
James U. Hwang
Former Chief Executive Officer
Cal Net Technology Group
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
Crowe LLP
Los Angeles, California
SEC Counsel
Sheppard, Mullin, Richter & Hampton 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 2018 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 Stockholders will
be held at 10:30 a.m. Pacific Time on
Thursday, May 23, 2019, at the Oxford
Palace Hotel, 745 South Oxford Avenue,
Los Angeles, California 90005.
Corporate Headquarters
3200 Wilshire Blvd, 14th Floor
Los Angeles, CA 90010
T (213) 639-1700
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 Regional 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
Karen Craigmile
Executive Vice President,
Chief Internal Auditor
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
Young K. Lee
Executive Vice President,
Chief Human Resource Officer
Bank of Hope
Janette Mah
Executive Vice President,
Chief Mortgage Banking Officer
Bank of Hope
Richard Marshall
Executive Vice President,
Credit Administration
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
Thomas Stenger
Executive Vice President, Chief Risk Officer
Bank of Hope
Hung Van
Executive Vice President,
Chief Information Officer
Bank of Hope
HOPE 2018 Form 10-K
To request printed copies of the Company’s
2018 Form 10-K, please send an email to
investor@bankofhope.com.
2018 ANNUAL REPORT / 16
The Hope Bancorp 2018 Annual Report has not been reviewed, or confirmed for accuracy or relevance, by the Federal Deposit Insurance Corporation.