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BBCN, Wilshire shareholders give deal go-ahead

Shareholdersof BBCN Bancorp Inc. andWilshire Bancorp Inc.have both approved the pendingdeal between thetwo Los Angeles-based peers.

Roughly 85%and 75% of the total outstanding shares of BBCN's and Wilshire's common stock, respectively,voted in favor of the transaction, which is set to close July 29, with the combinedcompany taking up the name Hope Bancorp Inc., while the subsidiary will be calledBank of Hope.

In addition,approximately 92.25% BBCN's common stock voted to approve the amendment to the company'scertificate of incorporation to allow for the name change, and 99.69% voted in favorof the issuance of BBCN common stock in connection with the deal.

On an unauditedpro forma basis as of March 31, the combined organization would have $13.1 billionin total assets, $10.1 billion in total loans receivable and $10.3 billion in totaldeposits.