Wilshire Bank Opens New Branch in LaGrange, Georgia
March 31 2015 - 8:00AM
Wilshire Bancorp, Inc. (Nasdaq:WIBC), the parent company of
Wilshire Bank, announced today the opening of the Bank's first full
service branch in the state of Georgia. The new branch is located
at 1508 Lafayette Parkway in the city of LaGrange and will offer a
full range of financial services, from checking, savings and CDs to
commercial loans and cash management solutions.
"We have operated a loan production office in Georgia for
several years, and we are very excited to expand our operations to
include a full service branch," said Jae Whan Yoo, President and
Chief Executive Officer of Wilshire Bancorp. "Georgia has a
large Korean-American community and is also home to a growing
network of vendors and suppliers to U.S. subsidiaries of
Korean-national companies, which makes it an attractive market for
our expansion. We look forward to introducing the full scope
of our commercial banking services to this market and providing our
highly personalized service to both commercial and retail
customers."
The new LaGrange branch is open from 9:00 a.m. to 5:00 p.m.
Monday through Friday, and from 9:00 a.m. to 12:00 p.m. on
Saturday.
ABOUT WILSHIRE BANCORP
Headquartered in Los Angeles, Wilshire Bancorp is the parent
company of Wilshire Bank, which operates 34 branch offices in
California, Texas, Georgia, New Jersey and New York, and 4 loan
production offices in Atlanta, GA, Aurora, CO, Newark, CA, and
Federal Way, WA, and is an SBA preferred lender nationwide.
Wilshire Bank is a community bank with a focus on commercial real
estate lending and general commercial banking, with its primary
market encompassing the multi-ethnic populations of the Los Angeles
metropolitan area. For more information, please go to
www.wilshirebank.com.
FORWARD-LOOKING STATEMENTS
Statements concerning future performance, events, or any other
guidance on future periods constitute forward-looking statements
that are subject to a number of risks and uncertainties that might
cause actual results to differ materially from stated expectations.
Undue reliance should not be placed on forward-looking statements,
as they are subject to risks and uncertainties, including but not
limited to the risk factors set forth in our most recent Annual
Report on Form 10-K and our other reports filed with or furnished
to the Securities and Exchange Commission. Specific factors
that could cause future results to differ materially from
historical performance and these forward-looking statements
include, but are not limited to: (1) loan production and sales, (2)
credit quality, (3) the ability to expand net interest margin, (4)
the ability to continue to attract low-cost deposits, (5) success
of expansion efforts, (6) competition in the marketplace, (7)
political developments, war or other hostilities, (8) changes in
the interest rate environment, (9) the ability of our borrowers to
repay their loans, (10) the ability to maintain capital
requirements and adequate sources of liquidity, (11) effects of or
changes in accounting policies, (12) legislative or regulatory
changes or actions, (13) the ability to attract and retain key
personnel, (14) the ability to receive dividends from our
subsidiaries, (15) the ability to secure confidential information
through the use of computer systems and telecommunications
networks, (16) weakening in the economy, specifically the real
estate market, either nationally or in the states in which we do
business, (17) the integration of our acquired businesses, and (18)
general economic conditions. The information in this press release
speaks only as of the date of this release and Wilshire Bancorp
specifically disclaims any duty to update the information in this
press release, expect as required by applicable law. Additional
information on these and other factors that could affect financial
results are included in filings by Wilshire Bancorp with the
Securities and Exchange Commission.
CONTACT: Alex Ko, EVP & CFO, (213) 427-6560
www.wilshirebank.com
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