September 15, 2017 / 12:18 PM / 2 months ago

BRIEF-Hope Bancorp will terminate proposed merger with U & I Financial

Sept 15 (Reuters) - Hope Bancorp Inc

* Hope Bancorp announces mutual termination of proposed U & I Financial merger

* Hope Bancorp Inc - ‍announced that it has entered into a Mutual Termination Agreement with U & I Financial Corp, holding company for UniBank​

* Hope Bancorp Inc - ‍ regulatory approvals required to complete merger will not be obtained prior to termination deadline of September 23, 2017​

* Hope Bancorp Inc - ‍in connection with termination, parties have provided mutual releases from any claims of liability to one another relating to merger

* Hope Bancorp - ‍mutual termination deal provides each party will bear own cost, expenses, without penalties or termination fees​ Source text for Eikon: Further company coverage:

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