Wilshire State Bank to Change Name to Wilshire Bank

Wilshire State Bank to Change Name to Wilshire Bank

LOS ANGELES, Sept. 26, 2013 (GLOBE NEWSWIRE) -- Wilshire Bancorp, Inc.
(Nasdaq:WIBC) (the "Company"), today announced that it will be changing the
name of its subsidiary bank from Wilshire State Bank to Wilshire Bank,
effective October 4, 2013. Along with the name change, Wilshire will be
unveiling a new logo for the Bank. The Bank will be celebrating the
introduction of the new name and logo with a display on the Nasdaq MarketSite
Tower on October 2, 2013.

Wilshire Bank Logo

"During our more than 30 years in business, we have been commonly referred to
as Wilshire Bank throughout the communities we serve, so it only made sense to
make this our official name," said Jae Whan (J.W.) Yoo, President and Chief
Executive Officer of Wilshire Bancorp."We are also pleased to unveil a new
logo, which was designed with our five core principles in mind: vision,
leadership, integrity, strength and stability.The new logo presents a more
modern look to reflect our position as a leader in Korean-American banking in
the 21^st Century."


Headquartered in Los Angeles, Wilshire State Bank operates 25 branch offices
in California, Texas, New Jersey and New York, and eight loan production
offices in Dallas and Houston, TX, Atlanta, GA, Aurora, CO, Annandale, VA,
Fort Lee, NJ, Newark, CA, and Bellevue, WA, and is an SBA preferred lender
nationwide. Wilshire State Bank is a community bank with a focus on commercial
real estate lending and general commercial banking, with its primary market
encompassing the multi-ethnic populations of the Los Angeles Metropolitan
area. For more information, please go to www.wilshirebank.com.


This communication relates or may be deemed to relate to a proposed merger
between Wilshire and Saehan Bancorp ("Saehan") that is the subject of a
registration statement on Form S-4, including a proxy statement/prospectus,
filed with the SEC on September 3, 2013 (No. 333-190971) that provides full
details of the proposed merger and the attendant benefits and risks. This
communication is not a substitute for the proxy statement/prospectus or any
other document that Wilshire or Saehan may file with the SEC or send to their
shareholders in connection with the proposed merger. Investors and security
holders are urged to read the registration statement on Form S-4, including
the definitive proxy statement/prospectus, and all other relevant documents
filed with the SEC or sent to shareholders as they become available because
they will contain important information about the proposed merger. All
documents, when filed, will be available free of charge at the SEC's website
(www.sec.gov). You may also obtain these documents by contacting Wilshire's
Corporate Secretary, at Wilshire Bancorp, Inc., 3200 Wilshire Boulevard, Los
Angeles, California 90010, or via e-mail at alexko@wilshirebank.com. This
communication does not constitute an offer to sell or the solicitation of an
offer to buy any securities or a solicitation of any vote or approval.


Saehan Bancorp is a bank holding company with headquarters in Los Angeles,
California. Its wholly owned subsidiary, Saehan Bank, offers a comprehensive
range of financial solutions to meet the needs of multi-ethnic communities in
the United States. Saehan Bancorp is committed to satisfying customers and
creating shareholder value. Its ten retail branch offices, International
Department and SBA Department focus on fulfilling these commitments to
customers and shareholders.


Statements concerning future performance, events, or any other guidance on
future periods constitute forward-looking statements that are subject to a
number of risks and uncertainties that might cause actual results to differ
materially from stated expectations. Such forward-looking statements include,
but are not limited to, statements about the benefits of the proposed
transaction involving Wilshire and Saehan including future financial and
operating results, Wilshire's or Saehan's plans, objectives, expectations and
intentions, the expected timing of completion of the transaction, and other
statements that are not historical facts. Important factors that could cause
actual results to differ materially from those indicated by such
forward-looking statements include risks and uncertainties relating to: (i)
the ability to obtain the requisite Saehan shareholder approvals; (ii) the
risk that Wilshire or Saehan may be unable to obtain governmental and
regulatory approvals required for the transaction, or required governmental
and regulatory approvals may delay the transaction or result in the imposition
of conditions that could cause the parties to abandon the transaction; (iii)
the risk that a condition to closing of the transaction may not be satisfied;
(iv) the timing to consummate the proposed transaction; (v) the risk that the
businesses will not be integrated successfully; (vi) the risk that the cost
savings and any other synergies from the transaction may not be fully realized
or may take longer to realize than expected; (vii) disruption from the
transaction making it more difficult to maintain relationships with customers,
employees or vendors; (viii) the diversion of management time on
transaction-related issues; (ix) general worldwide economic conditions and
related uncertainties; (x) the effect of changes in governmental regulations;
(xi) credit risk associated with an obligor's failure to meet the terms of any
contract with the bank or to otherwise perform as agreed; (xii) interest risk
involving the effect of a change in interest rates on both the bank's earnings
and the market value of the portfolio equity; (xiii) liquidity risk affecting
the bank's ability to meet its obligations when they come due; (xiv) price
risk focusing on changes in market factors that may affect the value of traded
instruments in "mark-to-market" portfolios; (xv) transaction risk arising from
problems with service or product delivery; (xvi) compliance risk involving
risk to earnings or capital resulting from violations of or nonconformance
with laws, rules, regulations, prescribed practices, or ethical standards;
(xvii) strategic risk resulting from adverse business decisions or improper
implementation of business decisions; (xviii) reputation risk that adversely
affects earnings or capital arising from negative public opinion; (xix)
terrorist activities risk that results in loss of consumer confidence and
economic disruptions; (xx) economic downturn risk resulting in deterioration
in the credit markets; (xxi) greater than expected noninterest expenses;
(xxii) excessive loan losses; and (xxiii) other factors we discuss or refer to
in the "Risk Factors" section of our most recent Annual Report on Form 10-K
filed with the SEC. Additional risks and uncertainties are identified and
discussed in Wilshire's reports filed with the SEC and available at the SEC's
website at www.sec.gov. Each forward-looking statement speaks only as of the
date of the particular statement and Wilshire undertakes no obligation to
update or revise its forward-looking statements, whether as a result of new
information, future events or otherwise.


Wilshire, Saehan and their respective directors and executive officers may be
deemed to be participants in any solicitation of proxies in connection with
the proposed merger. Information regarding the participants in the proxy
solicitation and a description of their direct and indirect interests, by
security holdings or otherwise, are contained in the proxy
statement/prospectus and other relevant materials filed or to be filed with
the SEC regarding the merger, in each case when they become available.
Investors should read the proxy statement/prospectus carefully when it becomes
available before making any voting or investment decisions.

CONTACT: Alex Ko, EVP & CFO, (213) 427-6560
Press spacebar to pause and continue. Press esc to stop.