Hope Bancorp Receives Regulatory Approvals For Merger With Territorial Bancorp
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Hope Bancorp, Inc. and Territorial Bancorp Inc. have received all necessary regulatory approvals for their merger, expected to create the largest regional bank. The merger will enhance loan diversification with a residential mortgage portfolio. Hope shares have fallen 16.58% to $9.11. The merger is anticipated to be completed by April 2025, pending customary closing conditions.
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