The estimated Net Worth of David P Malone is at least $2.5 million dollars as of 29 August 2024. Mr. Malone owns over 10,428 units of Hope Bancorp Inc stock worth over $1,317,692 and over the last 8 years he sold HOPE stock worth over $132,540. In addition, he makes $1,049,940 as President, Chief Operating Officer of Bank of Hope et Director at Hope Bancorp Inc.
David has made over 14 trades of the Hope Bancorp Inc stock since 2018, according to the Form 4 filled with the SEC. Most recently he sold 10,428 units of HOPE stock worth $132,540 on 29 August 2024.
The largest trade he's ever made was exercising 15,683 units of Hope Bancorp Inc stock on 15 March 2023 worth over $162,476. On average, David trades about 2,966 units every 76 days since 2016. As of 29 August 2024 he still owns at least 109,991 units of Hope Bancorp Inc stock.
You can see the complete history of Mr. Malone stock trades at the bottom of the page.
David P. Malone serves as President, Chief Operating Officer of Bank of Hope, Director of the Company. He was promoted to President and Chief Operating Officer of Bank of Hope, effective July 1, 2019, and is responsible for oversight of legal, human resources, IT and strategy departments, as well as the mortgage and specialty banking groups. Previously, he served as Senior Executive Vice President and Chief Operating Officer of Bank of Hope from May 15, 2017 and was responsible for oversight of all support and administrative units of the Bank. He has been a director of Hope Bancorp, Inc. and Bank of Hope, formerly known as BBCN Bancorp, Inc. and BBCN Bank, since May 20, 2014. Previously, he served as Chairman of the Board of Directors of the Bank from June 26, 2014 up until the merger with Wilshire Bancorp, Inc. and Wilshire Bank. Prior to joining the board, Mr. Malone was most widely known for his 15-year tenure at Community Bank in Pasadena, California, where he served most recently as Chairman, President and Chief Executive Officer. Under Mr. Malone’s leadership, Community Bank grew into one of the leading financial institutions in Southern California, with more than $3 billion in assets and 17 offices across five counties. While at Community Bank, Mr. Malone was responsible for transforming the company into a relationship-oriented community bank, developing a high performing sales culture, introducing new business lines, and expanding the bank’s geographical footprint. He began his professional career as a certified public accountant with Arthur Andersen, where he later served as a Senior Manager, providing strategic and operational consulting services to financial institutions in the Western United States. Mr. Malone currently serves as Chairman of the Advisory Board of the David Nazarian College of Business and Economics, California State University, Northridge (“CSUN”) and is a member of CSUN’s Foundation Board. He earned a B.S. degree in Accounting from CSUN.
As the President, Chief Operating Officer of Bank of Hope et Director of Hope Bancorp Inc, the total compensation of David Malone at Hope Bancorp Inc is $1,049,940. There are 2 executives at Hope Bancorp Inc getting paid more, with Kevin Kim having the highest compensation of $2,708,080.
David Malone is 69, he's been the President, Chief Operating Officer of Bank of Hope et Director of Hope Bancorp Inc since 2019. There are 5 older and 26 younger executives at Hope Bancorp Inc. The oldest executive at Hope Bancorp Inc is Chung Hyun Lee, 78, who is the Independent Director.
David's mailing address filed with the SEC is 3200 WILSHIRE BLVD. STE. 1400, , LOS ANGELES, CA, 90010.
Over the last 8 years, insiders at Hope Bancorp Inc have traded over $13,140,035 worth of Hope Bancorp Inc stock and bought 38,450 units worth $433,151 . The most active insiders traders include Steven Koh, Kevin Sung Kim et Donald Byun. On average, Hope Bancorp Inc executives and independent directors trade stock every 18 days with the average trade being worth of $129,959. The most recent stock trade was executed by Angelee Harris on 4 September 2024, trading 1,500 units of HOPE stock currently worth $18,720.
headquartered in los angeles, bank of hope has more than 35 years of history serving multi-ethnic customers across the united states. formed through the merger of bbcn bank and wilshire bank, bank of hope is the first and only super regional korean-american bank in the nation with more than $13 billion in total assets as of july 30, 2016. bank of hope operates 85 full-service branches in california, washington, texas, illinois, new york, new jersey, virginia, georgia and alabama. the bank also operates sba loan production offices in seattle, denver, dallas, atlanta, northern california, annandale, virginia, portland, oregon and fremont, california; residential mortgage loan production offices in california; and a representative office in seoul, korea. bank of hope specializes in core business banking products for small and medium-sized businesses, with an emphasis in commercial real estate and commercial lending, sba lending and international trade financing.
Hope Bancorp Inc executives and other stock owners filed with the SEC include: