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Hope Bancorp dismisses auditor

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Hope Bancorp dismisses auditor

Effective May 25, Hope Bancorp Inc.'s board appointed Crowe Horwath LLP its new independent auditor for 2017, thereby dismissing BDO LLP from that role.

Kevin Kim, president and CEO of Hope Bancorp and unit Bank of Hope, said that the company anticipates to file its 2017 first-quarter Form 10-Q with the Securities and Exchange Commission by no later than Aug. 15 and expects "timely filings going forward" based on preliminary discussions with the new independent audit firm.

"Having overcome the lengthy delay in completing the audit of our 2016 financial results with no material changes to our financial statements, we look forward to working expeditiously with Crowe Horwath to begin the 2017 audit process," Kim said in a news release.