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Hope Bancorp Completes Merger With Territorial Bancorp

1. Hope Bancorp completes merger with Territorial Bancorp, enhancing market presence. 2. Territorial Savings Bank will operate as a division of Bank of Hope post-merger.

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FAQ

Why Bullish?

Mergers typically enhance operational capabilities and market reach, leading to long-term value enhancement. Historical examples like the merger of KeyBank and First Niagara show improved performance post-merger.

How important is it?

The merger strengthens Hope Bancorp's position in the market, making it crucial for future growth and investor sentiment.

Why Long Term?

The merger's impact will materialize over time as synergies are realized and the market adjusts. Long-term strategies often take time for full benefits to be reflected in stock price.

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LOS ANGELES--(BUSINESS WIRE)--Hope Bancorp, Inc. (“Hope Bancorp”) (NASDAQ: HOPE), the holding company of Bank of Hope, today announced the completion of its merger with Honolulu-based Territorial Bancorp Inc. (“Territorial”), the holding company for Territorial Savings Bank. Effective as of April 2, 2025, Territorial Savings Bank will operate under the trade name Territorial Savings, a division of Bank of Hope, preserving the 100-plus year legacy of the Territorial brand, culture and commitment.

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