On March 26, 2026, the Board of Directors of Hope Bancorp, Inc. approved the promotion of Peter J. Koh to the position of President and Chief Operating Officer of the Bank of Hope, effective April 1, 2026. This strategic move comes as part of the company's ongoing efforts to enhance its leadership team and operational efficiency. Prior to this promotion, Mr. Koh served as the Senior Executive Vice President and Chief Operating Officer of the Bank. Kevin S. Kim, who has been serving as the Chairman, President, and Chief Executive Officer of both the Company and the Bank, will continue in his roles as Chairman and Chief Executive Officer, while also taking on the position of President of the Company. The Board's decision reflects confidence in Mr. Koh's capabilities and the direction of the Bank under his leadership. The promotion is expected to positively impact the Bank's operational execution and strategic outlook, as Mr. Koh brings a wealth of experience and a proven track record in the banking sector. In conjunction with his new role, Mr. Koh's compensation will be adjusted to include an increase in his base salary to $600,000, along with enhancements to his short-term and long-term incentive plans. This adjustment aligns with the company's commitment to attract and retain top talent in key leadership positions. The Board believes that these changes will further strengthen the Bank's position in the competitive financial services market.

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