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Federal Deposit
Insurance Corporation

Each depositor insured to at least $250,000 per insured bank

Failed Bank Information for Mirae Bank, Los Angeles, CA

On Friday, June 26, 2009, Mirae Bank was closed by the California Department of Financial Institutions. The FDIC was named Receiver. Wilshire State Bank, Los Angeles, CA acquired all deposit accounts.

The FDIC as Receiver for Mirae Bank, Los Angeles, CA has taken all actions necessary to terminate the Receivership Estate. The Receiver published a legal notice of intent to terminate the receivership on July 26, 2017 and has made all dividend distributions required by law.

Effective December 1, 2017, the Receiver was discharged and the Receivership Estate was terminated and ceased existence as a legal entity.

Receivership Status

TERMINATED

Notice of Termination

Effective Date: December 1, 2017


Notice of Intent to Terminate

Publication Date: July 26, 2017

Dividend Information

Report on dividends paid


Press Release

Official press release

cautionBeware of scams!

Please be advised you will not receive any email notification to claim, unlock or suspend your account or to provide any private information. Please be aware of any phishing scams to obtain information from you.

caution

Beware of scams!
Please be advised you will not receive any email notification to claim/unlock/suspend your account or to provide any private information. Please be aware of any phishing scams to obtain information from you.

ACQUIRING INSTITUTION: WILSHIRE STATE BANK

About Wilshire State Bank

All deposit accounts were transferred to Wilshire State Bank, Los Angeles, CA ("assuming institution"). Former Mirae Bank locations reopened as branches of Wilshire State Bank.

Your transferred deposits were separately insured from any accounts you may have already had at Wilshire State Bank for at least six months after the failure of Mirae Bank.

You may withdraw your funds from any transferred account without an early withdrawal penalty until you enter into a new deposit agreement with Wilshire State Bank as long as the deposits are not pledged as collateral for loans.

Wilshire State Bank has changed its legal name and is currently doing business as Bank of Hope.

Contacting Bank of Hope

You can contact Bank of Hope:

Bank of Hope
3200 Wilshire Boulevard Suite 1400
Los Angeles,CA 90010

Bank of Hope (www.bankofhope.com)

Transaction Documentation

Purchase & Assumption Agreement - PDF
Agreement between FDIC and acquiring institution

Bid Summary
Report on the bids to purchase the failed bank

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