Hope Bancorp

HOPE

Bank of Hope is the largest Korean American bank. It is based in Los Angeles. It is owned by Hope Bancorp, Inc., a bank holding company. It offers commercial banking loan and deposit products through 58 branches in California, Washington, Texas, Illinois, New York, New Jersey, Virginia, Georgia, and Alabama. It also operates Small Business Administration loan production offices in Seattle, Denver, Dallas, Atlanta, Portland and Annandale, Virginia; a commercial loan production office in Fremont, California; residential mortgage loan production offices in California; and a representative office in Seoul, Korea. It is on the list of largest banks in the United States, ranking 106th place as of June 2020.

Hope Bancorp has been a target of short sellers for a while. The current short interest of 5.02% is roughly at the average of the last 12 months (3.14%).