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BBCN Bank, Wilshire Bank adopt community goals and commitments ahead of deal closing

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BBCN Bank, Wilshire Bank adopt community goals and commitments ahead of deal closing

and Wilshire Bancorp Inc. subsidiaries, BBCN Bank and WilshireBank, jointly adopted community goals and commitments to enhance theircombined community activities,according to an April 8 news release.

The communitygoals and commitments outline plans to take in the areas of loans, investments,charitable and community contributions, and grants over the next several years uponcompletion of the merger, the release added.

"We recognizethat what is good for the community is frequently also good for business. By adoptingthese Commitments, we remain confident in, and committed to, the combination ofBBCN and Wilshire," said Wilshire Bancorp President and CEO Jae WhanYoo in the statement.

Following completion of the merger, whichis subject to shareholder and regulatory approvals, the combined company will workwith community organizations, including the California Reinvestment Coalition andthe National Diversity Coalition.