Bank of Hope, a subsidiary of Hope Bancorp, Inc., has entered into a definitive agreement to acquire the Commercial Banking Unit (CBU) of SMBC MANUBANK, a wholly owned subsidiary of SMBC Americas Holdings, Inc. and Sumitomo Mitsui Banking Corporation. The acquisition is an all-cash transaction and includes approximately $2.5 billion in loans and $2.7 billion in deposits as of December 31, 2025. The CBU operates eight branches in Southern California, primarily focusing on the attractive Greater Los Angeles metropolitan area. A collaboration and partnership agreement with SMBC is intended to provide commercial and consumer banking services to SMBC's Japanese midsize business and retail customers in the United States. The transaction is expected to be over 20% accretive to Hope Bancorp's earnings per share in 2027. Tangible book value dilution at closing is estimated at approximately 4.5%, with an expected earn-back period of about two years. Anticipated tangible returns on equity are projected to improve to approximately 12% in 2027. The acquisition is expected to close in the second half of 2026, pending customary regulatory approvals and other closing conditions.