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Hope Bancorp’s CFO has announced his resignation

Hope Bancorp’s CFO has announced his resignation

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According to one of Hope Bancorp, Inc., the holding company of Bank of Hope (the “Bank”). Ko is doing this to pursue other opportunities. Ko has agreed to serve as a consultant until March 31, 2023 to to support the transition process; his resignation was not motivated by a disagreement with society.

Kevin S. Kim, Chairman, President and Chief Executive Officer, said, “On behalf of the Board, I appreciate Alex’s leadership and efforts to date and wish him every success in his future endeavors. “I would also like to thank Dave for stepping in during this interim period. I am confident that all CFO-related skills and responsibilities will be retained for a smooth transition thanks to his extensive executive management experience and in-depth knowledge of our bank, as well as our strong accounting, financial reporting, investor relations, planning, treasury and control teams that we are preparing for have place.”

The company said David P. Malone will step in and assume the role of interim chief financial officer while a formal search for a replacement is conducted.

Malone, 72, has been a director of the firm and bank since May 2014 and now chairs the Asset Liability Committee, a special committee of the board. He resigned from his role as President and Chief Operating Officer of Bank of Hope on December 31, 2021. In April 2017 he was appointed to the bank’s Executive Management Team. He is best known for his 15 years at Community Bank in Pasadena, California, where he held a variety of positions including chairman, president, chief executive officer and chief financial officer before joining the company. Malone graduated from California State University, Northridge, with a BS in Accounting.

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Hope Bancorp’s CFO has announced his resignation. Check all the news and articles from the latest business news updates.

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