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AI brief of an SEC Form 8-K · Hope Bancorp (HOPE)

Hope Bancorp completes merger with Territorial Bancorp, effective April 2, 2025

Neutral Impact 4 of 5 m&a Written later

Hope Bancorp completed its acquisition of Honolulu-based Territorial Bancorp on April 2, 2025, under a merger agreement signed April 26, 2024. Territorial shareholders will receive 0.8048 Hope Bancorp shares for each Territorial share they own, and Territorial Savings Bank now operates as a division of Bank of Hope. The filing also reports a title change for an executive effective April 1, 2025.

Key points

  • Territorial Bancorp merged into Hope Bancorp, which continues as the surviving entity, effective April 2, 2025
  • Each Territorial share converts into 0.8048 shares of Hope Bancorp common stock
  • Territorial Savings Bank merged into Bank of Hope and will operate as Territorial Savings, a division of Bank of Hope
  • Kyu S. Kim's title changed to Senior Executive Vice President and Chief Relationship Banking Officer, effective April 1, 2025

The filing

CompanyHope Bancorp (HOPE)
Form8-K, current report
Filed with the SECApr 2, 2025, 6:32 AM ET
Accession number0001128361-25-000020

Items reported: 5.02 Director / Officer Change8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:54 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 02, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.