Chris Kong Joins Wilshire Bank as Senior Vice President & SBA Manager

Chris Kong Joins Wilshire Bank as Senior Vice President & SBA Manager

LOS ANGELES, May 15, 2014 (GLOBE NEWSWIRE) -- Wilshire Bancorp, Inc.
(Nasdaq:WIBC), the parent company of Wilshire Bank, announced today that Chris
Kong has joined its subsidiary bank as Senior Vice President & SBA Division
Manager, where he will be responsible for leading all of its SBA loan
production offices across the United States. Mr. Kong has more than 15 years
of experience working in the Korean-American banking industry and has served
as SBA Manager for other major Korean-American banks over the past seven years
of his career.

Mr. Kong was previously with BBCN Bank, where he was a Senior Vice President
and held the positions of SBA Regional Manager and SBA Manager while with the
company.During his time there, BBCN ranked as the leading producer of SBA
loans in 2012 and 2013 among Korean-American banks.Prior to BBCN, Mr. Kong
served as First Vice President and SBA Manager at Center Bank from 2007-2011.
Center Bank was the leading producer of SBA loans in 2010 and 2011 among
Korean-American banks.Mr. Kong began his career as a commercial loan officer
at Center Bank before moving into the SBA department in 2000.Mr. Kong holds a
Bachelor's Degree in Economics with a concentration in Business Finance from
the University of Southern California.

"Chris has done an outstanding job as an SBA Manager and SBA Regional Manager
over the past seven years and is extremely well suited to lead our SBA lending
division," said Jae Whan (J.W.) Yoo, President and CEO of Wilshire
Bancorp."Chris understands our customer base exceptionally well and has
extensive experience managing SBA loan production efforts in all of our
geographic markets.We have built the strongest SBA lending platform of any
Korean-American bank and we anticipate that we will continue to be highly
productive under Chris' new leadership."

COMPANY INFORMATION

Headquartered in Los Angeles, Wilshire Bancorp is the parent company of
Wilshire Bank, which operates 35 branch offices in California, Texas, New
Jersey and New York, and 7 loan production offices in Dallas, TX, Atlanta, GA,
Aurora, CO, Annandale, VA, Palisades Park, NJ, Newark, CA, and New York, NY,
and is an SBA preferred lender nationwide. Wilshire 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.In 2014, Wilshire Bancorp was named one of
America's 50 Most Trustworthy Financial Companies by Forbes. For more
information, please go to www.wilshirebank.com.

FORWARD-LOOKING STATEMENTS

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. Undue reliance should not be placed on
forward-looking statements, as they are subject to risks and uncertainties,
including but not limited to the risk factors set forth in our most recent
Annual Report on Form 10-K and our other filings made from time to time with
the Securities and Exchange Commission.Specific factors that could cause
future results to differ materially from historical performance and these
forward-looking statements include, but are not limited to: (1) loan
production and sales, (2) credit quality, (3) the ability to expand net
interest margin, (4) the ability to continue to attract low-cost deposits, (5)
success of expansion efforts, (6) competition in the marketplace, (7)
political developments, war or other hostilities, (8) changes in the interest
rate environment, (9) the ability of our borrowers to repay their loans, (10)
the ability to maintain capital requirements and adequate sources of
liquidity, (11) effects of or changes in accounting policies, (12) legislative
or regulatory changes or actions, (13) the ability to attract and retain key
personnel, (14) the ability to receive dividends from our subsidiaries, (15)
the ability to secure confidential information through the use of computer
systems and telecommunications networks, (16) weakening in the economy,
specifically the real estate market, either nationally or in the states in
which we do business, and (17) general economic conditions. Additional
information on these and other factors that could affect financial results are
included in filings by Wilshire Bancorp with the Securities and Exchange
Commission.

CONTACT: Alex Ko, EVP & CFO, (213) 427-6560
         www.wilshirebank.com
 
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