Tranche Update on Hope Bancorp, Inc.'s Equity Buyback Plan announced on July 16, 2019.
January 22, 2020 at 04:30 pm EST
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From October 1, 2019 to December 31, 2019, the company has repurchased 943,094 shares, representing 0.74% for $14.65 million. With this, the company has completed the repurchase of 943,094 shares, representing 0.74% for $14.65 million under the buyback announced on July 16, 2019.
Hope Bancorp, Inc. is the holding company of Bank of Hope (the Bank). The Company's loan portfolio segments include commercial real estate (CRE) loans, commercial and industrial (C&I) loans, residential mortgage loans, and consumer and other loans. CRE loans are extended for the purchase and refinance of commercial real estate and are generally secured by first deeds of trust and are collateralized by residential or commercial properties. C&I loans are loans provided to businesses for various purposes such as for working capital, purchasing inventory, debt refinancing, business acquisitions, international trade finance activities, and other business related financing needs, and also include syndicated loans. Residential mortgage loans are extended for personal, family, or household use and are secured by a mortgage or deed of trust. Consumer and other loans consist of home equity, credit cards, and other personal loans. It operates over 54 full-service branches in the United States.
HOPE BANCORP, INC. 
