December 29, 2016 / 9:29 PM / 7 months ago

BRIEF-Hope Bancorp announces phase II branch consolidation plan

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Dec 29 (Reuters) - Hope Bancorp Inc :

* Hope Bancorp announces phase II branch consolidation plan

* Hope Bancorp -expects one-time pre-tax charges related to second phase of branch consolidations to total about $1.2 million and be incurred by first half of 2017

* Projected savings are anticipated to be approximately $5 million pre-tax on an annual basis Source text for Eikon: Further company coverage:

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