EXPLANATORY NOTE DEREGISTRATION OF SECURITIES
These Post-Effective Amendments (the Post-Effective Amendments) filed by Hope Bancorp, Inc., a Delaware corporation (Hope), successor
by merger to Territorial Bancorp Inc., a Maryland corporation (Territorial or the Registrant), relate to the following Registration Statements on Form S-8 (each, a
Registration Statement, and collectively, the Registration statements) of Territorial:
Registration
Statement on Form S-8, File No. 333-168839, registering an
indeterminate number of participation interests filed with the U.S. Securities and Exchange Commission (the SEC) on August 13, 2010, relating to the Territorial Savings Bank 401(k) Plan.
Registration Statement on Form S-8, File No.
333-170579, registering 1,712,637 shares of the Registrants common stock, par value $0.01 per share (the
Common Stock), filed with the SEC on November 12, 2010, relating to the Territorial Bancorp Inc. 2010 Equity Incentive Plan.
Registration Statement on Form S-8, File No.
333-218723, registering 250,000 shares of Common Stock filed with the SEC on June 14, 2017, relating to the
Territorial Bancorp Inc. 2010 Equity Incentive Plan as Amended and Restated.
Registration Statement on Form S-8, File No. 333-237039, registering 150,000 shares of Common Stock filed
with the SEC on March 9, 2020, relating to the Territorial Bancorp Inc. 2019 Equity Incentive Plan.
On April 2, 2025, pursuant to the
previously announced Agreement and Plan of Merger, dated April 26, 2024 (the Merger Agreement), entered into by Territorial and Hope, Territorial merged with and into Hope (the Merger), with Hope surviving the Merger.
Pursuant to the terms of the Merger Agreement, each issued and outstanding share of Common Stock, other than certain excluded shares, was converted into
the right to receive 0.8048 shares of common stock of Hope, par value $0.001 per share, and cash in lieu of fractional shares.
In connection with the
Merger, Territorial has terminated any and all of the offerings of Territorials securities pursuant to the Registration Statements. In accordance with the undertakings made by Territorial in the Registration Statements to remove from
registration, by means of a post-effective amendment, any of the securities registered under the Registration Statements that remain unsold at the termination of the offerings, Hope, as successor by merger to Territorial, hereby amends the
Registration Statements and removes from registration any and all of the securities of Territorial, registered under the Registration Statements that remain unsold as of the date of these Post-Effective Amendments, and hereby terminates the
effectiveness of each of the Registration Statements.