Exhibit 99.1

Wilshire Bancorp Reports Net Income of $13.1 Million or

$0.17 per Share for First Quarter 2014

LOS ANGELES, April 21, 2014 - Wilshire Bancorp, Inc. (NASDAQ: WIBC) (the “Company”), the holding company for Wilshire Bank (the “Bank”), today reported net income available to common shareholders of $13.1 million, or $0.17 per diluted common share, for the quarter ended March 31, 2014.  This compares to net income available to common shareholders of $11.6 million, or $0.16 per diluted common share, for the same period of the prior year, and net income available to common shareholders of $10.9 million, or $0.15 per diluted common share, for the fourth quarter of 2013.  Financial results for the first quarter of 2014 include $3.4 million in merger-related expenses attributable to the acquisition and integration of BankAsiana and Saehan Bancorp.

Jae Whan (J.W.) Yoo, President and CEO of Wilshire Bancorp, said, “We are seeing a strong increase in our core earnings power as a result of the acquisitions of BankAsiana and Saehan Bancorp late in 2013.  Compared to the first quarter of 2013, our total revenue increased 34%, and our pre-tax, pre-provision income increased by 17%.  We are also seeing an improvement in our deposit mix resulting from our focus on developing more core deposit relationships.  Our non-interest bearing deposits now represent the largest component of our total deposits, which has resulted in a decline in our cost of funds.  We are pleased that the increase in our core earnings power and strong financial position has enabled us to increase the amount of capital we can return to our shareholders, with a 67% increase in our quarterly dividend.”

Q1 2014 Summary

·            Net income available to common shareholders totaled $13.1 million, or $0.17 per diluted common share, for the first quarter of 2014

·            Total revenue of $50.3 million, an increase of 34% from the first quarter of 2013

·            Return on average assets of 1.44% and return on average equity of 11.73% for the first quarter of 2014

·            Loans receivable (net of deferred fees and costs) totaled $2.87 billion at March 31, 2014, an increase of 40% from $2.05 billion at March 31, 2013

·            Total deposits were $2.92 billion at March 31, 2014, an increase of 35% from $2.16 billion at March 31, 2013

·            Continued low credit losses and stable trends in assets quality resulted in no provision for losses on loans and loan commitments for Q1 2014

·            Quarterly cash dividend payable on April 15, 2014 increased to $0.05 per common share

STATEMENT OF OPERATIONS

Pre-Tax, Pre-Provision Income

Pre-tax, pre-provision income (“PTPP”) was $19.9 million for the first quarter of 2014, compared with $17.0 million for the first quarter of 2013, and $17.0 million for the fourth quarter of 2013.  Excluding merger-related expenses, PTPP was $23.3 million for the first quarter of 2014, compared with $18.8 million for the fourth 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 and important information about Non-GAAP measures of financial performance.

Net Interest Income and Margin

Net interest income before provision for losses on loans and loan commitments totaled $35.2 million for the first quarter of 2014, an increase of 38% from $25.6 million for the first quarter of 2013, and an increase of 9% from $32.3 million for the fourth quarter of 2013.  The increase from the prior quarter is primarily attributable to the full quarter impact of the acquisitions of Saehan Bancorp and BankAsiana.

Net interest margin was 4.22% for the first quarter of 2014, compared to 4.20% for the fourth quarter of 2013, and 3.99% for the first quarter of 2013. Excluding the effect of the amortization/accretion of the purchase accounting adjustments, the net interest margin was approximately 3.85% for the first quarter of 2014, compared with 3.91% for the fourth quarter of 2013.  The decline in net interest margin is primarily attributable to a decline in average yield on loans, excluding the effects of purchase accounting adjustments.

Loan yields were 5.15% for the first quarter of 2014, compared with 5.17% for the fourth quarter of 2013, and 5.06% for the first quarter of 2013.  Excluding the effect of the accretion of the purchase accounting adjustments, loan yields were 4.77% for the first quarter of 2014, compared to 4.86% for the fourth quarter of 2013.

The total cost of deposits was 0.51% for the first quarter of 2014, compared with 0.53% for the fourth quarter of 2013, and 0.53% for the first quarter of 2013.

Non-Interest Income

Total non-interest income was $11.0 million for the first quarter of 2014, compared to $8.7 million for the first quarter of 2013, and $9.3 million for the fourth quarter of 2013.  The increase from the prior quarter was primarily due to a higher net gain on sale of loans and a higher level of servicing fees earned on previously sold Small Business Administration (“SBA”) loans.

The $4.3 million in net gain on sale of loans recognized during the first quarter of 2014 consisted substantially of gains from the sale of SBA loans.  Net gain on sale of loans for the fourth quarter of 2013 was $3.5 million.  During the first quarter of 2014, the Company sold $43.5 million in SBA loans, compared with $43.2 million sold during the fourth quarter of 2013.

Non-Interest Expense

Total non-interest expense was $26.3 million for the first quarter of 2014, compared with $17.3 million for the first quarter of 2013, and $24.7 million for the fourth quarter of 2013.  The increase from the prior quarter is primarily attributable to the full quarter impact of the acquisitions of Saehan Bancorp and BankAsiana, as well as an increase in merger-related expenses.

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Total salaries and employee benefits expense was $12.7 million for the first quarter of 2014, compared with $8.8 million for the first quarter of 2013, and $12.9 million for the fourth quarter of 2013.  The increase for the first quarter of 2014, compared to the first quarter of 2013, was primarily due to the impact of personnel added from the acquisitions of Saehan and BankAsiana, in addition to an increase in stock based compensation costs from equity grants made during the first quarter of 2014.

Other non-interest expense for the first quarter of 2014 totaled $6.0 million, compared with $5.8 million in the first quarter of 2013, and $6.3 million for the fourth quarter of 2013.  The decrease from the prior quarter was primarily attributable to a decline in losses on low income housing tax credit investments and legal fees.

Merger-related non-recurring expense was $3.4 million in the first quarter of 2014 and was primarily related to former Saehan Bancorp’s data processing system de-conversion and contract termination expenses.

The Company’s operating efficiency ratio was 56.9% for the first quarter of 2014, compared with 50.5% for the first quarter of 2013 and 59.2% for the fourth quarter of 2013.

BALANCE SHEET

Total gross loans receivable were $2.88 billion at March 31, 2014, compared to $2.82 billion at December 31, 2013.  The increase in loans during the first quarter of 2014 was primarily attributable to growth in the commercial real estate portfolio.

The following table shows gross loans receivable and gross loans by loan type:

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

The following table presents the March 31, 2014 balance of gross loans by loan type and broken out by legacy Wilshire loans and loans acquired from former Mirae Bank, BankAsiana, and Saehan Bancorp.

* Represents loans balances net of fair value adjustment

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The following table shows quarterly loan originations by loan type:

Originations for the first quarter of 2014 were $197.9 million, compared with $222.3 million for the fourth quarter of 2013 and $192.7 million for the first quarter of 2013. The decrease from the previous quarter was primarily due to seasonally slower loan production typically experienced during the beginning of the year.

Total SBA loans held-for-sale at the end of the first quarter of 2014 were $26.8 million, compared to $45.6 million at the end of the previous quarter.  The decision to retain or sell SBA loans is made on a quarter-to-quarter basis, depending on prevailing pricing in the secondary market and the Company’s liquidity needs.

Total deposits were $2.92 billion at March 31, 2014, compared with $2.87 billion at December 31, 2013.  The increase in total deposits was primarily attributable to growth in non-interest bearing demand deposits, which was partially offset by a decline in time deposits.  Toward the end of the first quarter of 2014, $29.8 million in brokered time deposits with a rate of 3.40% matured.

CREDIT QUALITY

The Company continued to experience relatively stable asset quality and a low level of credit losses during the first quarter of 2014.  Accordingly, the Company determined that no provision for losses on loans and loan commitments was required for the first quarter of 2014.  The allowance for loan losses totaled $53.5 million, or 1.86% of gross loans (excluding loans held-for-sale), at March 31, 2014, compared to $53.6 million, or 1.90% of gross loans (excluding loans held-for-sale), at December 31, 2013.  The loans acquired from BankAsiana and Saehan during 2013, included in this calculation, were recorded at fair value and the remaining discount on these loans approximated $28.9 million at March 31, 2014.  The coverage ratio of the allowance for loan losses to non-performing assets was 102.7% at March 31, 2014, compared with 119.5% at December 31, 2013.

Non-Performing Loans

At March 31, 2014, total non-performing loans were $43.1 million, or 1.48% of total gross loans, compared to $37.2 million, or 1.30% of total gross loans, at December 31, 2013.  The increase in total non-performing loans is primarily attributable to two classified commercial loan relationships that were placed on non-accrual status during the first quarter of 2014.

Non-performing covered loans (previously acquired Mirae Bank loans covered under FDIC loss share agreement) totaled $6.6 million at March 31, 2014.

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

NON-PERFORMING LOANS

(Dollars In Thousands) (Unaudited)

(Net of SBA Guaranty Portions)

Net Charge-offs/Recoveries

During the first quarter of 2014, the Company had total gross charge-offs of $1.6 million and recoveries of $1.5 million for net charge-offs of $99,000.  Total gross charge-offs were largely from the former Saehan and Mirae loan portfolio with $850,000 and $728,000 in gross charge-offs, respectively, for the first quarter of 2014.  Recoveries were primarily from the legacy Wilshire portfolio with $1.4 million in recoveries during the first quarter of 2014.

Gross charge-offs and recoveries by loan type are reflected in the tables below:

GROSS LOAN CHARGE-OFFS

(Dollars In Thousands) (Unaudited)

(Net of SBA Guaranty Portions)

LOAN RECOVERIES

(Dollars In Thousands) (Unaudited)

(Net of SBA Guaranty Portions)

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

DELINQUENT LOANS - By Days Past Due

(Dollars In Thousands) (Unaudited)

(Net of SBA Guaranty Portions)

TROUBLED DEBT RESTRUCTURED LOANS

(Dollars In Thousands) (Unaudited)

(Net of SBA Guaranty Portions)

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LOAN CLASSIFICATIONS

(Dollars In Thousands) (Unaudited)

(Net of SBA Guaranty Portions)

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 measures 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.

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 first quarter of 2014, the Company did not repurchase any shares. Since the program’s inception, 651,412 shares of common stock were repurchased for a total price of $4.3 million.  The program expired on March 28, 2014.

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CONFERENCE CALL

Management will host its quarterly conference call on April 22, 2014, at 11:00 a.m. PT (2:00 p.m. ET). Investment professionals are invited to participate in the call by dialing 877-703-6105 (domestic number) or 857-244-7304 (international number) and providing the passcode 72989571.

ABOUT WILSHIRE BANCORP

Headquartered in Los Angeles, Wilshire Bancorp is the parent company of Wilshire Bank, which operates 35 branch offices in California, Texas, New Jersey and New York, and 7 loan production offices in Dallas, TX, Atlanta, GA, Aurora, CO, Annandale, VA, Palisades Park, NJ, Newark, CA, and New York, NY, and is an SBA preferred lender nationwide. Wilshire 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.  For more information, please go to www.wilshirebank.com.

FORWARD-LOOKING STATEMENTS

Statements concerning future performance, events, 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. Undue reliance should not be placed 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 Securities and Exchange Commission.  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 nationally or in the states in which we do business, (17) the integration of our acquired businesses, and (18) general economic conditions. The information in this press release speaks only as of the date of this release and Wilshire Bancorp specifically disclaims any duty to update the information in this press release. Additional information on these and other factors that could affect financial results are included in filings by Wilshire Bancorp 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)