Hope Bancorp Inc. announced that David P. Malone, president and chief operating officer of Bank of Hope, will be retiring, effective December 31, 2021. Malone will remain as a member of the board of directors of the company and the bank. In addition, the company has said that it has promoted Peter Koh as senior executive vice president and chief operating officer of the bank, effective January 1, 2022. With Malone retiring as president of the bank, Kevin S. Kim, chairman, president and chief executive officer of the company and chairman and chief executive officer of the bank, will re-assume the role of president of the bank. Kim had previously served as president and chief executive officer of the company and bank from July 29, 2016, prior to Malone's appointment as president of the bank, effective July 1, 2019. Koh, who became executive vice president and deputy chief operating officer in April 2021, was previously executive vice president and chief credit officer. Upon the merger of equals creating Bank of Hope on July 29, 2016, Koh was appointed chief credit officer of Bank of Hope. He had earlier served in the same role for Wilshire Bank.
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. 
