The Bank Slate


PromiseOne to buy two Virginia branches from Hope Bancorp

PromiseOne Bank in Duluth, Ga., has agreed to buy two branches in Virginia from Hope Bancorp in Los Angeles.

The $715 million-asset PromiseOne just filed its application with the Federal Deposit Insurance Corp. to buy the offices, located in Annandale and Centreville. The sales are expected to close in the second half of 2024.

The price wasn’t disclosed.

Hope Bancorp, which recently agreed to buy Territorial Bancorp in Honolulu, closed four branches in California last month.

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