HOPE BANCORP, INC. (NASDAQ:HOPE) Files An 8-K Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
Item 3.01 Notice of Delisting or Failure to Satisfy a Continued
Listing Rule or Standard; Transfer of Listing.
notification letter from Nasdaq Listing Qualifications (the
Notification Letter) stating that because the Company has not yet
filed its Form 10-K for the year ended December 31, 2016 (the
2016 10-K), the Company is not in compliance with Nasdaq Listing
Rule 5250(c)(1), which requires timely filing of periodic reports
with the Securities and Exchange Commission. The Notification
Letter has no immediate effect on the listing of the Companys
common stock on the Nasdaq Global Select Market.
Rules, the Company has 60 calendar days to submit a plan to
regain compliance. If accepted, the Nasdaq Hearings Panel may
grant the Company an exception period of up to 180 days from its
original due date, or September 12, 2017, to file the 2016 10-K.
the receipt of the Notification Letter. A copy of the news
release is attached hereto as Exhibit 99.1 and is incorporated
herein by reference.
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99.1
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News release, dated March 24, 2017, concerning receipt of
Nasdaq Notification Letter |
About HOPE BANCORP, INC. (NASDAQ:HOPE)
Hope Bancorp, Inc., formerly BBCN Bancorp, Inc., is the holding company of Bank of Hope. Bank of Hope is the regional Korean-American bank in the United States. Bank of Hope operates approximately 85 full-service branches in California, Washington, Texas, Illinois, New York, New Jersey, Virginia, Georgia and Alabama. The Bank also operates small business administration (SBA) loan production offices in Seattle, Denver, Dallas, Atlanta, Northern California, Annandale, Virginia, Portland, Oregon and Fremont, California; residential mortgage loan production offices in California, and a representative office in Seoul, Korea. Bank of Hope specializes in 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 Federal Deposit Insurance Corporation (FDIC). HOPE BANCORP, INC. (NASDAQ:HOPE) Recent Trading Information
HOPE BANCORP, INC. (NASDAQ:HOPE) closed its last trading session down -0.03 at 18.74 with 465,462 shares trading hands.