Mary E. Thigpen Will Not Stand for Re-Election to the Board of Directors of Hope Bancorp, Inc
March 22, 2024 at 05:19 pm EDT
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On March 18, 2024, director Mary E. Thigpen formally notified Hope Bancorp, Inc. (the ?Company?) that she will not stand for re-election to the board of directors of the Company at the 2024 Annual Meeting of Stockholders. The Company would like to thank her for her dedication and service. Ms. Thigpen not standing for re-election was not the result of any disagreement with the Company on any matter relating to the operations, policies or practices of the Company.
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.