Wilshire Bancorp (WIBC)

23. SUBSEQUENT EVENTS

        In light of the overall instability of the economy, the continued volatility in the financial markets, the downward pressure on bank stock prices, and expectations of financial performance for the banking industry, including Wilshire Bancorp Inc., the Company estimates of goodwill fair value may be subject to change or adjustment and it may determine that impairment charges are necessary. Estimates of fair value are determined based on a complex model using cash flows and company comparisons. If management's estimates of future cash flows are inaccurate, the fair value determined could be inaccurate and impairment may not be recognized in a timely manner. Subsequent to December 31, 2008, the Company's market capitalization continued to decrease. If the Company's market capitalization continues to remain below book value, the Company will update its valuation analysis to

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Table of Contents

WILSHIRE BANCORP, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

FOR EACH OF THE THREE YEARS IN THE PERIOD ENDED DECEMBER 31, 2008

23. SUBSEQUENT EVENTS (Continued)

determine whether goodwill is impaired. No assurance can be given that goodwill will not be written down in future periods.

        The FDIC issued a letter indicating that it intends to charge a special assessment in 2009 and that assessment may be as much as 20 basis points based on our deposits or assessment base as of June 30, 2009, but the actual amount has not been determined by the FDIC. We expect to accrue and record this one-time expense when FDIC finalizes the assessment in the second quarter of 2009, and incur the actual payment in the third quarter of 2009.

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23. SUBSEQUENT EVENTS

        In light of the overall instability of the economy, the continued volatility in the financial markets, the downward pressure on bank stock prices, and expectations of financial
performance for the banking industry, including Wilshire Bancorp Inc., the Company estimates of goodwill fair value may be subject to change or adjustment and it may determine that impairment
charges are necessary. Estimates of fair value are determined based on a complex model using cash flows and company comparisons. If management's estimates of future cash flows are inaccurate, the fair
value determined could be inaccurate and impairment may not be recognized in a timely manner. Subsequent to December 31, 2008, the Company's market capitalization continued to decrease. If the
Company's market capitalization continues to remain below book value, the Company will update its valuation analysis to

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HREF="#bg76601a_main_toc">Table of Contents

WILSHIRE BANCORP, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

FOR EACH OF THE THREE YEARS IN THE PERIOD ENDED DECEMBER 31, 2008

23. SUBSEQUENT EVENTS (Continued)

determine
whether goodwill is impaired. No assurance can be given that goodwill will not be written down in future periods.

        The
FDIC issued a letter indicating that it intends to charge a special assessment in 2009 and that assessment may be as much as 20 basis points based on our deposits or
assessment base as of June 30, 2009, but the actual amount has not been determined by the FDIC. We expect to accrue and record this one-time expense when FDIC finalizes the assessment in the
second quarter of 2009, and incur the actual payment in the third quarter of 2009.

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