Search the web
Welcome, Guest
[Sign Out, My Account]

Quotes & Info
Enter Symbol(s):
e.g. YHOO, ^DJI
Symbol Lookup | Financial Search
WIBC > SEC Filings for WIBC > Form 8-K on 15-Oct-2013All Recent SEC Filings

Show all filings for WILSHIRE BANCORP INC



Completion of Acquisition or Disposition of Assets, Financial Statements and

Item 2.01. Completion of Acquisition or Disposition of

On October 9, 2013, Wilshire Bank, the wholly-owned subsidiary of Wilshire Bancorp, Inc. (the "Company"), received notice from the California Department of Business Oversight (the "DBO") that effective September 30, 2013 the DBO approved Wilshire Bank's proposal to merge with Saehan Bank, the wholly-owned subsidiary bank of Saehan Bancorp ("Saehan"), with Wilshire Bank surviving the merger (the "Bank Merger"). The Bank Merger is to be consummated immediately after the merger of Saehan with and into WS Merger Acquisition Corp., a wholly-owned subsidiary of the Company ("Newco"), with Newco surviving the merger (the "Merger"), pursuant to the Agreement and Plan of Merger and Reorganization between the Company, Newco and Saehan, dated as of July 15, 2013 (the "Merger Agreement"). As the Company previously received the necessary regulatory approvals for the Merger and the Bank Merger from each of the Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation on September 26, 2013 and September 25, 2013, respectively, all bank regulatory approvals required in connection with the Merger and the Bank Merger have now been obtained.

Completion of the Merger remains subject to approval by shareholders of Saehan of the Merger Agreement, as well as to other customary closing conditions.

On October 15, 2013, the Company issued a press release announcing the receipt of all necessary bank regulatory approvals for the Transaction, a copy of which is attached hereto as Exhibit 99.1.

Item 9.01. Financial Statements and Exhibits.

(c) Exhibits.

Exhibit No. Description

99.1 Press release issued by Wilshire Bancorp, Inc., dated October 15, 2013

  Add WIBC to Portfolio     Set Alert         Email to a Friend  
Get SEC Filings for Another Symbol: Symbol Lookup
Quotes & Info for WIBC - All Recent SEC Filings
Copyright © 2014 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service
SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.