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Hope Bancorp Receives Regulatory Approvals for Its Merger With Territorial Bancorp

1. Hope Bancorp and Territorial Bancorp received regulatory approvals for their merger. 2. The merger enables Hope Bancorp to expand its operations in Hawai‘i.

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FAQ

Why Bullish?

Mergers often enhance market position and operational efficiency, positively impacting stock performance. Historical evidence shows similar mergers led to significant stock price increases.

How important is it?

This merger is crucial as it positions HOPE to expand its footprint and capitalize on synergies, indicating a strong future outlook. The regulatory approval signalizes that there are no major hurdles to integration, which enhances investor confidence.

Why Long Term?

The benefits of mergers like improved market share and operational synergies may take time to materialize, often reflecting in the longer term. Previous mergers in the banking sector typically show positive results over several quarters.

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LOS ANGELES & HONOLULU--(BUSINESS WIRE)--Hope Bancorp, Inc. (“Hope Bancorp”) (NASDAQ: HOPE), the holding company of Bank of Hope, and Territorial Bancorp Inc. (“Territorial”) (NASDAQ: TBNK), the holding company of Territorial Savings Bank, today jointly announced receipt of all required regulatory approvals to complete their previously announced merger (the “Merger”). Upon completion of the Merger, it is intended that the legacy Territorial franchise in Hawai‘i will operate under the trade name.

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