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Ticker:WIBC
Company Name: Wilshire Bancorp, Inc.

Business Overview from 10-K filing for Wilshire Bancorp, Inc.:

Wilshire Bancorp, Inc. (the Company, "we," "us," or "our," hereafter) succeeded to the business and operations of Wilshire State Bank, a California state-chartered commercial bank (the Bank), upon consummation of the reorganization of the Bank into a holding company structure, effective as of August 25, 2004. Wilshire State Bank was incorporated under the laws of the State of California on May 20, 1980 and commenced operations on December 30, 1980. The Company was incorporated in December 2003 as a wholly owned subsidiary of the Bank for the purpose of facilitating the issuance of trust preferred securities for the Bank and eventually serving as the holding company of the Bank. The Banks shareholders approved a reorganization into a holding company structure at a meeting held on August 25, 2004. As a result of the reorganization, shareholders of the Bank are now shareholders of the Company and the Bank is a direct subsidiary of the Company.  g   

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