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Wilshire Bancorp Opens New Branch in Houston

LOS ANGELES, Nov. 17, 2014 (GLOBE NEWSWIRE) -- Wilshire Bancorp, Inc. (Nasdaq:WIBC), the parent company of Wilshire Bank, announced today the grand opening of its first full service branch in Houston, Texas. The Bank's new branch is located at 10000 Harwin Dr. and is managed by Yuri Yoo. The branch will offer a full range of financial services, from checking, savings and CDs to commercial loans and cash management solutions.

"We are very excited to offer our full-service banking capabilities to the Houston market," said Jae Whan (J.W.) Yoo, President and CEO of Wilshire Bancorp. "Houston has a growing community of Korean-Americans, and trade activity between Houston and South Korea has steadily increased over the past decade. Our new branch will enable us to support the continued growth of Korean-American and other ethnic business communities in Houston and provide highly personalized service to our retail customers."

The new Houston branch is open from 9:00 a.m. to 5:00 p.m. Monday through Friday, and from 9:00 a.m. to 12:00 p.m. on Saturday.

COMPANY INFORMATION

Headquartered in Los Angeles, Wilshire Bancorp is the parent company of Wilshire Bank, which operates 36 branch offices in California, Texas, New Jersey and New York, and 4 loan production offices in Atlanta, GA, Aurora, CO, Newark, CA, and Bellevue, WA, and is an SBA preferred lender nationwide. Wilshire Bank is a community bank with a focus on commercial real estate lending and general commercial banking, with its primary market encompassing the multi-ethnic populations of the Los Angeles Metropolitan area. For more information, please go to www.wilshirebank.com.

FORWARD-LOOKING STATEMENTS

Statements concerning future performance, events, or any other guidance on future periods constitute forward-looking statements that are subject to a number of risks and uncertainties that might cause actual results to differ materially from stated expectations. Undue reliance should not be placed on forward-looking statements, as they are subject to risks and uncertainties, including but not limited to the risk factors set forth in our most recent Annual Report on Form 10-K and our other filings made from time to time with the Securities and Exchange Commission. Specific factors that could cause future results to differ materially from historical performance and these forward-looking statements include, but are not limited to: (1) loan production and sales, (2) credit quality, (3) the ability to expand net interest margin, (4) the ability to continue to attract low-cost deposits, (5) success of expansion efforts, (6) competition in the marketplace, (7) political developments, war or other hostilities, (8) changes in the interest rate environment, (9) the ability of our borrowers to repay their loans, (10) the ability to maintain capital requirements and adequate sources of liquidity, (11) effects of or changes in accounting policies, (12) legislative or regulatory changes or actions, (13) the ability to attract and retain key personnel, (14) the ability to receive dividends from our subsidiaries, (15) the ability to secure confidential information through the use of computer systems and telecommunications networks, (16) weakening in the economy, specifically the real estate market, either nationally or in the states in which we do business, and (17) general economic conditions. Additional information on these and other factors that could affect financial results are included in filings by Wilshire Bancorp with the Securities and Exchange Commission.

CONTACT: Alex Ko, EVP & CFO, (213) 427-6560 www.wilshirebank.comSource:Wilshire Bancorp, Inc.