CORRECTION: Bank of Hope To Acquire Commercial Banking Unit Of SMBC MANUBANK; Acquisition Adds ~$2.5B In Loans And $2.7B In Deposits
- Aligns with Hope's Core Strategy to Enhance its Commercial Banking Capabilities
- Collaboration and Partnership Agreement with SMBC Positions Hope as a Premier Banking Partner to Middle Market Customers from Asia
- Provides Attractive Core Deposit Funding, Specialized Deposit Segments and Commercial Loan Portfolios to Further Diversify Balance Sheet
- Deepens Hope's Presence in the Greater Los Angeles Metropolitan Area
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