Hope Bancorp (NASDAQ:HOPE) (NASDAQ: HOPE) is a California-based bank holding company offering a full range of commercial and retail banking services through its subsidiary, HOPE Bank. Founded in 1996 to serve the financial needs of the growing Chinese-American community in Southern California, the company has since expanded its footprint to encompass major metropolitan markets in both California and Nevada. Headquartered in Los Angeles, HOPE Bank operates across Los Angeles, Orange, San Diego and Riverside counties, with additional offices in the San Francisco Bay Area and Las Vegas.
The company’s core business activities include deposit-taking, lending and treasury management services tailored to small- and medium-sized businesses, professional practices and individuals. HOPE Bank provides commercial real estate loans, construction financing, equipment loans and lines of credit, as well as personal banking products such as checking and savings accounts, residential mortgages and consumer loans. Treasury management offerings include online cash management, ACH origination, wire transfers and lockbox services designed to streamline client operations and enhance liquidity.
Over the years, Hope Bancorp has pursued strategic initiatives to broaden its market reach and strengthen its service capabilities. The acquisition of Infinity Financial Holdings, Inc. in late 2022 extended the company’s presence into the Nevada market, while ongoing investments in digital banking technology have improved client access to mobile and online platforms. By combining relationship-based service with modern digital tools, HOPE Bank aims to deliver personalized solutions that address the unique needs of businesses and individuals in its core communities.
Leadership at Hope Bancorp is headed by President and Chief Executive Officer Douglas C.P. Sheng, who oversees the company’s strategic direction and day-to-day operations. The board of directors, chaired by industry veteran Patrick Fan, provides governance and guidance on risk management, growth initiatives and capital planning. With a focus on community engagement, financial inclusion and prudent risk management, Hope Bancorp continues to build on its heritage as a trusted regional bank serving diverse markets in the Western United States.
