Fact Sheet

Bailout Bank Bio: Wilshire Bancorp

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December 03, 2008

Programs: Budget & Tax

Wilshire State Bank logo Wilshire Bancorp is a bank holding company for Wilshire State Bank, headquartered in Los Angeles, California. The bank has branch offices in southern California, Texas, New Jersey, and the greater New York City metropolitan area. Wilshire Bancorp will receive $62 million through the Treasury Department’s Capital Purchase Program.

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Bailout Bank Bio: Wilshire Bancorp.


Federal Equity Investment	$62 million
Total Revenue	$80.219 million (2007)
Net Income	$26.806 million (2007)
Number of Employees	365
Corporate Headquarters	Los Angeles, California
Business Sector	Financial
Officers and Directors	Steven Koh, Chairman of the Board Joanne W. Kim, President, Chief Executive Officer, Director Alex Ko, Chief Financial Officer, Senior Vice President Sung Soo Han, Executive Vice President; Chief Lending Officer of the Bank
Corporate Website	http://www.wilshirebank.com
Executive Compensation	Wilshire Bancorp