Founded in 2002 and headquartered in Los Angeles, California, Mirae Bancorp operated five branches of a community bank serving, primarily, the Korean immigrant population in Southern California.
On June 26, 2009, Wilshire Bancorp. purchased Mirae Bank. Mirae Bank was taken over by Federal Deposit Insurance Corporation, from which Wilshire Bancorp bought the assets, deposits and loans of Mirae Bank. Since Mirae Bank's customers, depositors and regional coverage were similar to Wilshire State Bancorp, integration does not seem to be a problem. Wilshire Bancorp stated in a press release that it was well capitalized to absorb Mirae Bancorp.
This equity trades Over The Counter.
