LOS ANGELES – April 14, 2025 – Global law firm Greenberg Traurig, LLP advised Hope Bancorp, Inc., the holding company of Bank of Hope, in its merger with Honolulu-based Territorial Bancorp Inc., the holding company for Territorial Savings Bank.
With the merger’s completion, Bank of Hope says it has become the largest regional bank catering to multicultural customers across the continental United States and Hawaii.
Effective April 2, Territorial Savings Bank operates under the trade name Territorial Savings, a division of Bank of Hope.
Hope Bancorp is the only regional Korean American bank in the United States with $17.05 billion in total assets as of Dec. 31, 2024. Headquartered in Los Angeles, Bank of Hope operates 46 full-service branches in California, New York, New Jersey, Washington, Texas, Illinois, New York, New Jersey, Alabama, and Georgia under the Bank of Hope banner, and 29 branches in Hawaii under the Territorial Savings banner.
The Greenberg Traurig team representing Hope Bancorp was led by Co-Chair of the firm’s Global Corporate Practice Mark J. Kelson together with Corporate Shareholders Yejee Marilyn Kim, and Brian H. Blaney, and Co-Chair of the firm’s Financial Regulatory & Compliance Practice Marina Olman-Pal.