Exhibit 99.1

Wilshire Bancorp Reports Net Income of $11.5 Million or
$0.16 Earnings per Share for Second Quarter 2013

LOS ANGELES, July 22, 2013 - Wilshire Bancorp, Inc. (NASDAQ: WIBC) (the “Company”), the holding company for Wilshire State Bank (the “Bank”), today reported net income available to common shareholders of $11.5 million, or $0.16 per diluted common share, for the quarter ended June 30, 2013.  This compares to net income available to common shareholders of $22.1 million, or $0.31 per common share, for the same period of the prior year, and net income of $11.6 million, or $0.16 per common share, for the first quarter of 2013.

Jae Whan (J.W.) Yoo, President and CEO of Wilshire Bancorp, said, “We delivered another strong performance in the second quarter that reflects the consistent earnings power of the Company.  We generated an annualized return on assets of 1.67% and an annualized return on equity of 13.0%.  In addition, pre-tax, pre-provision income for the second quarter of 2013 was $17.0 million, a 38% increase from $12.4 million for the second quarter of 2012.  We saw a continuation of most of the trends we have experienced over the past several quarters, most notably low credit costs, slight compression in our net interest margin, stable expense levels and modest loan growth.”

“As we indicated at the beginning of 2013, one of our top priorities was to be more active in our deployment of excess capital to create additional value for our shareholders.  Our actions in the second quarter of 2013 reflect our efforts to achieve this goal.  We returned cash to shareholders through the implementation of a stock repurchase program and also reinstated our quarterly cash dividend.  In addition, we announced two acquisitions — BankAsiana in the New York/New Jersey market and Saehan Bancorp in the Los Angeles market — that will expand our franchise and increase our earnings power in the years ahead.  Following these actions, we expect to continue to be well capitalized and have the flexibility to continue returning capital to shareholders and reinvesting in our business,” said Mr. Yoo.

Q2 2013 Summary

·         Net income available to common shareholders totaled $11.5 million or $0.16 per diluted common share

·         Total revenue of $34.1 million, an increase of 4.0% from the second quarter of 2012

·         Return on average assets of 1.67%; return on average equity of 12.95%

·         Operating efficiency ratio of 50.1% for Q2 2013 compared to 50.5% for Q1 2013

·         Loans receivable totaled $2.09 billion at June 30, 2013, an increase of 2.1% from $2.05 billion at March 31, 2013

·         Continued improvement in credit quality resulted in no provision for losses on loans and loan commitments for Q2 2013

·         Declared cash dividend of $0.03 per common share

·         Repurchased 651,412 shares of common stock as part of the Company’s stock repurchase program

·         Announced acquisitions of BankAsiana in New Jersey and Saehan Bancorp in Los Angeles

STATEMENT OF OPERATIONS

Pre-Tax, Pre-Provision Income

Pre-tax, pre-provision income (PTPP) was $17.0 million for the second quarter of 2013, compared with $12.4 million in the second quarter of 2012, and $17.0 million in the first quarter of 2013.  PTPP is a Non-GAAP measure of financial performance.  Please refer to the “Reconciliation of GAAP Financial Measures to Non-GAAP Financial Measures” table at the end of this press release for a reconciliation of PTPP to net income.

Net Interest Income and Margin

Net interest income before credit for losses on loans and loan commitments totaled $25.8 million for the second quarter of 2013, an increase of 6.2% from $24.2 million for the second quarter of 2012, and increased from $25.6 million in the first quarter of 2013.  The increase from the prior periods was primarily due to a reduction in interest expense on deposits.

Net interest margin was 4.06% for the second quarter of 2013, compared to 4.13% in the second quarter of 2012, and 4.09% for the first quarter of 2013. The decrease in net interest margin from the first quarter of 2013 was primarily due to lower yields on newly originated loans, partially offset by a reduction in the cost of deposits.

Loan yields decreased to 5.10% for the second quarter of 2013 from 5.21% for the first quarter of 2013 due to new loans that were originated at rates that were lower than that of the existing portfolio, as a result of the low interest rate environment and competitive landscape within the banking industry.  The total cost of deposits declined to 0.51% for the second quarter of 2013, down from 0.53% for the first quarter of 2013.  The reduction in the total cost of deposits is primarily attributable to an increase in non-interest bearing deposits as a percentage of total deposits.

Non-Interest Income

Total non-interest income was $8.3 million for the second quarter of 2013, compared to $8.5 million for the second quarter of 2012, and $8.7 million for the first quarter of 2013.  The decrease from the prior quarter was primarily due to lower net gain on sales of loans during the second quarter of 2013.

The $3.1 million in net gains on sales of loans recognized in the second quarter of 2013 was substantially all gains from the sale of SBA loans.  During the second quarter of 2013, the Company sold $30.6 million in SBA loans, an increase from $30.3 million during the first quarter of 2013.

Non-Interest Expense

Total non-interest expense was $17.1 million for the second quarter of 2013, compared with $20.4 million for the second quarter of 2012, and $17.3 million for the first quarter of 2013.

Total salaries and employee benefits expense was $9.5 million for the second quarter of 2013, compared with $9.0 million for the second quarter of 2012, and $8.8 million for the first quarter of 2013.  The increase from the prior quarter was due to an increase in accrual for bonuses and company-wide salary increases that took effect in the second quarter of 2013.

Other non-interest expense for the second quarter of 2013 totaled $4.9 million, compared with $6.7 million in the second quarter of 2012, and $5.8 million for the first quarter of 2013.  The decrease from the second quarter of 2012 was primarily attributable to a decline in legal fees and regulatory assessment fees.  The decrease from the first quarter of 2013 was primarily attributable to a reduction in professional fees and expenses related to the Company’s bank owned life insurance plan.

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The Company’s operating efficiency ratio was 50.1% for the second quarter of 2013, compared with 62.2% for the second quarter of 2012 and 50.5% for the first quarter of 2013.

Tax Provision

For the second quarter of 2013, the Company recorded a provision for income taxes totaling $5.5 million, reflecting an effective tax rate of 32.1%.  The effective tax rate is lower than historical rates primarily due to the generation of tax credits associated with the Company’s investment in affordable housing programs.

BALANCE SHEET

Total gross loans receivable, were $2.10 billion at June 30, 2013, compared to $2.06 billion at March 31, 2013.  The increase in total gross loans receivable during the second quarter of 2013 was primarily due to a $23.4 million increase in the commercial and industrial portfolio and a $19.6 million increase in the real estate secured portfolio.  Total cash and due from banks increased $75.7 million during the second quarter of 2013 to $162.6 million due to a large temporary increase of a customer’s business demand deposit account balance, a reduction in warehouse lending, and pay-down of investment securities. During the second quarter of 2013, the Company committed to fund two additional low income tax credit investments totaling $8.0 million.

The following table shows gross loans (excluding loan fees and allowance for loan losses) by loan type:

Loan Categories

* Gross loans receivable and total gross loans are not net of deferred fees and costs as is shown in the consolidated balance sheet presentation

The following table shows quarterly loan originations by loan type:

Loan Originations

Originations for the second quarter of 2013 increased slightly to $194.8 million compared to the first quarter of 2013.  Compared to originations for the quarter ended June 30, 2012, originations for the second quarter of 2013 declined largely due to the reduction in residential mortgage loans.  During the second quarter of 2012 the Company had a large increase in warehouse loan originations.

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Total SBA loans held-for-sale at the end of the second quarter of 2013 totaled $59.7 million compared to $64.9 million at the end of the previous quarter.  The decision to retain or sell SBA loan production is made on a quarter-to-quarter basis, depending on prevailing pricing in the secondary market and the Company’s liquidity needs.  During the second quarter of 2013, the Company sold approximately $30.6 million in SBA loans compared to $30.3 million sold during the first quarter of 2013 and $25.1 million sold during the second quarter of 2012.

Total deposits were $2.18 billion at June 30, 2013, compared with $2.16 billion at March 31, 2013.  Increases in non-interest bearing demand deposits and savings and interest checking deposits were partially offset by decreases in time deposits.  At June 30, 2013, non-interest bearing demand deposits represented 28.6% of total deposits, compared with 23.6% at June 30, 2012.

CREDIT QUALITY

The Company has experienced improving credit trends for several quarters, most notably evidenced by decreases in criticized and classified loans.  In light of the continued improvement in credit quality, the Company determined that no provision for losses on loans and loan commitments was required for the second quarter of 2013.  The allowance for loan losses totaled $54.9 million, or 2.62% of gross loans (excluding loans held-for-sale), at June 30, 2013, compared to $58.6 million, or 2.85% of gross loans (excluding loans held-for-sale), at March 31, 2013.  The coverage ratio of the allowance for loan losses to non-performing assets was 197.9% at June 30, 2013, compared with 214.6% at March 31, 2013.

Non-Performing Loans

At June 30, 2013, total non-performing loans were $26.8 million, or 1.24% of total gross loans, compared to $26.1 million, or 1.19% of total gross loans, at March 31, 2013.  Non-performing covered loans (previously acquired loans covered under FDIC loss share agreements) totaled $5.4 million at June 30, 2013.

The following table shows total non-performing loans by loan type:

Gross Loan Charge-offs

Loan charge-offs for the second quarter of 2013 totaled $4.4 million, compared to $5.6 million in the first quarter of 2013.  The largest components of the second quarter 2013 loan charge-offs were two loans secured by carwash properties totaling $2.1 million. Covered loan charge-offs totaled $164 thousand for the second quarter of 2013.

Charge-offs by loan type are reflected in the table below:

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Other measures of credit quality are shown in the following tables:

CAPITAL RATIOS

All of the Company’s capital ratios remain in excess of “well capitalized” regulatory requirements as shown in the following table:

* “Tangible Common Equity” and “Tangible Assets” are Non-GAAP measure of financial performance.  Please refer to the “Reconciliation of GAAP Financial Measures to Non-GAAP Financial Measures” table at the end of this press release for a reconciliation of Tangible Common Equity to Shareholders’ Equity and Tangible Assets to Total Assets

Dividend Reinstatement

The Company reinstated its quarterly dividend to common shareholders during the second quarter of 2013.  A cash dividend of $0.03 per common share was declared and a total amount of $2.1 million was paid on July 15, 2013 to shareholders of record at the close of business on June 30, 2013.

Share Repurchase Program

In March 2013, the Board of Directors of Wilshire Bancorp authorized the repurchase of up to 5% of the Company’s outstanding shares of common stock.  During the second quarter of 2013, the Company spent $4.3 million to repurchase 651,412 shares of its common stock at an average price of $6.56.  The 651,412 repurchased shares of common stock account for 18% of the total authorized amount and an additional 2.9 million shares can be repurchased before the program’s expiration.  However, the Company has no

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obligation to repurchase additional shares under this program and may suspend or discontinue it at any time.

Acquisition of BankAsiana and Saehan Bancorp

The Company agreed to acquire New Jersey-based BankAsiana and Los Angeles-based Saehan Bancorp.  Both acquisitions are expected to close by the end of 2013.  The acquisition of BankAsiana would expand the Company’s operations on the East Coast while the acquisition of Saehan Bank would help strengthen our operations in our primary market.

On a pro forma basis, including the pending acquisitions of BankAsiana and Saehan Bancorp, Wilshire Bancorp would have approximately $3.5 billion in total assets, $2.7 billion in net loans, and $2.8 billion in total deposits as of March 31, 2013.

CONFERENCE CALL

Management will host its quarterly conference call on July 23, 2013, at 11:00 a.m. PT (2:00 p.m. ET). Investment professionals are invited to participate in the call by dialing 877-703-6109 (domestic number) or 857-244-7308 (international number) and entering passcode #42187370.

COMPANY INFORMATION

Headquartered in Los Angeles, Wilshire State Bank operates 25 branch offices in California, Texas, New Jersey and New York, and eight loan production offices in Dallas and Houston, TX, Atlanta, GA, Aurora, CO, Annandale, VA, Fort Lee, NJ, Newark, CA, and Bellevue, WA, and is an SBA preferred lender nationwide. Wilshire State 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. The Company’s strategic goals include increasing shareholder and franchise value by continuing to grow its multi-ethnic banking business and expanding its geographic reach to other similar markets with strong levels of small business activity.  Visit us at www.wilshirebank.com.

FORWARD-LOOKING STATEMENTS

This press release contains statements that are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Rule 175 promulgated thereunder, and Section 21E of the Securities Exchange Act of 1934, as amended, and Rule 3b-6 promulgated thereunder.  Statements concerning future performance, events, financial condition, results of operations, plans 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. You should not place undue reliance 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 SEC.  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

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nationally or in the states in which we do business, and (17) general economic conditions. The financial information contained in this release should be read in conjunction with the consolidated financial statements and notes included in the Company’s most recent reports on Form 10-K and Form 10-Q, as filed with the Securities and Exchange Commission, as they may be amended from time to time.  Results of operations for the most recent quarter are not necessarily indicative of operating results for any future periods. Any projections in this release are based on limited information currently available to management and are subject to change. Since management will only provide guidance at certain points during the year, the Company will not necessarily update the information. Such information speaks only as of the date of this release. Additional information on these and other factors that could affect financial results are included in filings by the Company with the Securities and Exchange Commission.

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CONSOLIDATED BALANCE SHEET

(Dollars In Thousands) (Unaudited)

(continued)

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CONSOLIDATED STATEMENT OF OPERATIONS

(Dollars In Thousands, Except Per Share Data) (Unaudited)

(continued)

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CONSOLIDATED STATEMENT OF OPERATIONS

(Dollars In Thousands, Except Per Share Data) (Unaudited)