Hope Bancorp and PHINIA Finalize Strategic Acquisitions

Key Facts

1Bank of Hope, a subsidiary of Hope Bancorp, completed its acquisition of the Commercial Banking Unit of SMBC MANUBANK.

2PHINIA Inc. completed the acquisition of 100% of the equity interests of the stoba Group.

Bank of Hope, a subsidiary of Hope Bancorp, completed its acquisition of the Commercial Banking Unit of SMBC MANUBANK. Business Wire reported that PHINIA Inc. also finalized the acquisition of 100% of the equity interests in the stoba Group, a specialist in high-precision components. Both companies confirmed the formal closing of these previously disclosed deals to expand their respective market footprints.

HOPE closed at $13.29 on September 30, 2026, as the company moves to diversify its deposit segments and commercial banking franchise. Meanwhile, PHIN closed at $59.43 on September 30, 2026, following the integration of stoba Group to bolster its industrial presence in high-precision manufacturing.