Wilshire Bank

Wilshire Bank, originally established as Wilshire State Bank on December 30, 1980, began its operations in Los Angeles, California. The bank underwent several changes and expansions over the years, acquiring multiple institutions, including West Olympia Bank in 1984, Orange Savings Bank of Texas in 2004, and Liberty Bank of New York in 2006. In 2009, Wilshire Bank acquired Mirae Bank through a government-assisted merger. The bank continued to grow by acquiring BankAsiana in 2013 and Saehan Bank later that year. On October 4, 2013, the institution changed its name to Wilshire Bank. Ultimately, Wilshire Bank merged with Bbcn Bank and rebranded as Bank of Hope on July 29, 2016. The history of Wilshire Bank is marked by strategic mergers and acquisitions aimed at strengthening its market presence in the banking sector.

Below is a list of some important events in banks history, including mergers and acquisitions.

1980-12-30Institution established. Original name: Wilshire State Bank.

1982-03-15Main Office moved to 3200 Wilshire Boulevard, Los Angeles, CA 90010.

1984-02-10Acquired West Olympia Bank in Los Angeles, CA.

2004-11-16Acquired Orange Savings Bank of Texas, Ssb in Dallas, TX.

2006-05-22Acquired Liberty Bank of New York in New York, Ny.

2009-06-26Acquired Mirae Bank in Los Angeles, CA as part of a government assisted merger.

2013-10-01Acquired BankAsiana in Palisades Park, NJ.

2013-10-04Changed Institution Name to Wilshire Bank.

2013-11-21Acquired Saehan Bank in Los Angeles, CA.

2016-07-29Merged and became part of Bbcn Bank (26610) in Los Angeles, CA.

2016-07-29Changed Institution Name to Bank of Hope.