Hope Bancorp Appoints James U. Hwang to Board of Directors

LOS ANGELES–(BUSINESS WIRE)–Hope Bancorp, Inc. (the “Company”) (NASDAQ: HOPE), the holding company
of Bank of Hope (the “Bank”), today announced the appointment of James
U. Hwang to the Board of Directors of the Company and its wholly owned
subsidiary, Bank of Hope, effective March 1, 2019. Hwang will serve as a
member of the Risk and Compliance Committee and Executive Committee.
This appointment increases the membership of the Board of Directors from
13 to 14.

Hwang, age 47, most recently served as Chief Executive Officer and a
member of the Board of Directors of Cal Net Technology Group (“Cal
Net”), a premier provider of outsourced IT, cloud, security and unified
communications services. He joined Cal Net in 2014 as Executive Vice
President and was promoted to Chief Executive Officer in June 2016.
During his tenure as the Chief Executive, Hwang successfully executed a
capital restructuring, multiple acquisitions and a transformation of the
business, before completing the merger of Cal Net into NexusTek in July
2018 to create one of the largest national managed services providers
(MSPs) addressing small and middle-market businesses across the United
States. Prior to Cal Net, from 2012 to 2014, Hwang was a Principal and
Executive Vice President of Alphaworks, an MSP focused on providing
technology solutions to Fortune 1000 companies. From 2007 to 2012, Hwang
served as a Regional Vice President of the Central US Region for
Enterprise Servers, Storage, Networking and Converged Infrastructure
Business Units at Hewlett Packard Enterprise. From 2003 to 2007, Hwang
was a Global Client Executive at EMC Corporation where he managed telco,
media and entertainment clientele. He began his professional career in
various sales and corporate development positions within AT&T from 1999
to 2003. Hwang served as an Officer of the U.S. Army from 1994 to 1999,
and he earned his B.S. degree in Operations Research and Economics at
the U.S. Military Academy at West Point.

“We welcome James to our Board of Directors,” said Scott Yoon-Suk Whang,
Chairman of the Board. “He brings more than 24 years’ experience in
executive management, technology infrastructure and IT consulting to our
Board at an important stage of ongoing investments in technology
capabilities that strengthen our competitive stance as a regional bank.
We look forward to his valued contributions as we continue to make
progress as one of the leading Asian-American banks in the United

About Hope Bancorp, Inc.

Hope Bancorp, Inc. is the holding company of Bank of Hope, the first and
only super regional Korean-American bank in the United States with $15.3
billion in total assets as of December 31, 2018. Headquartered in Los
Angeles and serving a multi-ethnic population of customers across the
nation, Bank of Hope operates 63 full-service branches in California,
Washington, Texas, Illinois, New York, New Jersey, Virginia, Georgia and
Alabama. The Bank also operates SBA loan production offices in Seattle,
Denver, Dallas, Atlanta, Portland, Oregon, New York City, Northern
California and Houston; commercial loan production offices in Northern
California and Seattle; residential mortgage loan production offices in
Southern California; and a representative office in Seoul, Korea. Bank
of Hope specializes in core business banking products for small and
medium-sized businesses, with an emphasis in commercial real estate and
commercial lending, SBA lending and international trade financing. Bank
of Hope is a California-chartered bank, and its deposits are insured by
the FDIC to the extent provided by law. Bank of Hope is an Equal
Opportunity Lender. For additional information, please go
to bankofhope.com

Forward-Looking Statements

Some statements in this press release may constitute forward-looking
statements within the meaning of Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Exchange Act of
1934, as amended. These forward-looking statements relate to, among
other things, expectations regarding the business environment in which
we operate, projections of future performance, perceived opportunities
in the market and statements regarding our business strategies,
objectives and vision. Forward-looking statements include, but are not
limited to, statements preceded by, followed by or that include the
words “will,” “believes,” “expects,” “anticipates,” “intends,” “plans,”
“estimates” or similar expressions. With respect to any such
forward-looking statements, the Company claims the protection provided
for in the Private Securities Litigation Reform Act of 1995. These
statements involve risks and uncertainties. The Company’s actual
results, performance or achievements may differ significantly from the
results, performance or achievements expressed or implied in any
forward-looking statements. The risks and uncertainties include, but are
not limited to: possible deterioration in economic conditions in our
areas of operation; interest rate risk associated with volatile interest
rates and related asset-liability matching risk; liquidity risks; risk
of significant non-earning assets, and net credit losses that could
occur, particularly in times of weak economic conditions or times of
rising interest rates; and regulatory risks associated with current and
future regulations. For additional information concerning these and
other risk factors, see the Company’s most recent Annual Report on Form
10-K and Quarterly Report on Form 10-Q. The Company does not undertake,
and specifically disclaims any obligation, to update any forward-looking
statements to reflect the occurrence of events or circumstances after
the date of such statements except as required by law.


Angie Yang
SVP, Director of Investor Relations &

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