Bank of Hope Lands Deal

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Bank of Hope announced its acquisition of SMBC Manubank’s commercial banking unit in California for an undisclosed amount. This all-cash deal, expected to close in the second half of the year, will add $2.5 billion in loans and $2.7 billion in deposits, along with eight commercial banking branches. The acquisition is projected to significantly boost Bank of Hope’s earnings per share by over 20% in 2027 and expand its presence in cross-border middle market banking, particularly targeting Korean and Japanese clients.

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