Hope Bancorp, Inc. (NASDAQ: HOPE) has announced the retirement of Scott Yoon-Suk Whang from his position as a member of the boards of directors of the company and the bank. Whang, who has been part of the board since 2007, served in various roles, including chairman of the board from 2017 to 2019 and the lead independent director from 2019 to 2024. He has been instrumental in the growth of Bank of Hope from a community bank to a regional bank. Following his retirement, the size of the company's board will be reduced to nine directors.
Hope Bancorp, Inc. is the holding company for Bank of Hope, the only regional Korean American bank in the United States. As of September 30, 2025, the bank had $18.51 billion in total assets. Following the addition of Territorial Savings as a division of Bank of Hope, the company became the largest regional bank serving multicultural customers across the continental United States and Hawaii. The bank operates 45 full-service branches in various states under the Bank of Hope banner and 29 branches in Hawaii under the Territorial Savings banner.
No specific financial metrics or performance indicators have been provided in the press release. Following these announcements, the company's shares moved -0.17%, and are now trading at a price of $11.70. If you want to know more, read the company's complete 8-K report here.
