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Get filing alertsHope Bancorp promotes Peter Koh to President & COO of Bank of Hope
Filed April 1, 2026 · Period ending March 26, 2026 · ~1 min read
Key Changes
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medium
Peter J. Koh promoted from Senior EVP & COO to President & COO of Bank of Hope effective April 1, 2026, representing an elevation in leadership at the bank subsidiary.
Item 5.02 verify on EDGAR → -
medium
CEO Kevin S. Kim relinquishes President title at bank level but retains Chairman & CEO roles at both Hope Bancorp and Bank of Hope, streamlining his bank subsidiary titles.
Item 5.02 verify on EDGAR → -
low
Koh's compensation increased to $600,000 base salary with 80% short-term and long-term incentive targets, reflecting expanded responsibilities in new role.
Item 5.02 verify on EDGAR → -
low
Filing discloses Koh is related to former Honorary Chairman Steven S. Koh, who retired from the board December 31, 2025.
Item 5.02 verify on EDGAR →
Summary
Hope Bancorp announced a management restructuring at its Bank of Hope subsidiary, promoting Peter J. Koh to President & Chief Operating Officer effective April 1, 2026. Koh previously served as Senior Executive Vice President and COO, so this represents a title elevation rather than a fundamental shift in operational leadership. Concurrently, CEO Kevin S.
Kim streamlined his titles by stepping back from the President role at the bank level while maintaining his Chairman and CEO positions at both the parent company and bank. For retail investors, this appears to be a routine succession planning move that formalizes Koh's senior leadership position without disrupting the existing management structure. Kim remains firmly in control as Chairman and CEO.
The compensation increase for Koh to $600,000 base salary with 80% incentive targets is modest and appropriate for the expanded title. There are no indications of management turmoil or strategic disagreements. Investors should watch for any follow-on announcements about strategic initiatives under the new leadership structure, particularly whether this reorganization precedes any operational changes at Bank of Hope or signals preparation for future succession at the CEO level.
Section-by-Section Diff
Event · Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
On March 26, 2026, the board of directors (the “Board”) of Hope Bancorp, Inc. (the “Company”) and its bank subsidiary, Bank of Hope (the “Bank”), approved the promotion of Peter J. Koh to the position of President & Chief Operating Officer of the Bank, effective April 1, 2026. Prior to the promotion, Mr. Koh served as Senior Executive Vice President and Chief Operating Officer of the Bank.
Peter J. Koh was promoted from Senior Executive Vice President and Chief Operating Officer to President & Chief Operating Officer of Bank of Hope, effective April 1, 2026. This represents an elevation in title and responsibilities within the bank subsidiary.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
There are no family relationships between Mr. Koh and any of the Company or Bank's current directors or executive officers, however, Mr. Koh is related to former director and Honorary Chairman Steven S. Koh, who retired from the Board on December 31, 2025.
The filing discloses that Peter J. Koh is related to Steven S. Koh, a former director and Honorary Chairman who retired at the end of 2025. This relationship is disclosed for transparency purposes, though Steven S. Koh is no longer serving in any current capacity.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 3, 2026 · How we verify