Exhibit 99.1

Wilshire Bancorp Reports Net Income of $10.9 Million or

$0.15 per Share for Fourth Quarter 2013

LOS ANGELES, January 27, 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 $10.9 million, or $0.15 per diluted common share, for the quarter ended December 31, 2013.  This compares to net income available to common shareholders of $15.2 million, or $0.21 per diluted common share, for the same period of the prior year, and net income available to common shareholders of $11.3 million, or $0.16 per diluted common share, for the third quarter of 2013.  Financial results for the fourth quarter of 2013 include $1.8 million in one-time merger-related expenses attributable to the acquisitions of BankAsiana and Saehan Bancorp.

Jae Whan (J.W.) Yoo, President and CEO of Wilshire Bancorp, said, “We are pleased to deliver another solid quarter, which was driven by a continuation of our strong business development activity.  We had $222 million in loan production during the fourth quarter, which resulted in 3.2% organic growth in our loan portfolio during the quarter, as well as generated our highest level of gain on sales of SBA loans for any quarter in 2013.”

“We believe we are making good progress with the integration of our two recent acquisitions, BankAsiana and Saehan Bancorp.  The two acquisitions have provided us with an expanded market presence and improved business development capabilities that we believe will be instrumental in helping us continue growing our market share.  In 2014, we will be focused on fully capturing the projected synergies from these acquisitions, generating quality balance sheet growth, and delivering a higher level of profitability for our shareholders,” said Mr. Yoo.

Q4 2013 Summary

• Net income available to common shareholders totaled $10.9 million or $0.15 per diluted common share, for the fourth quarter of 2013

• Total revenue of $41.6 million, an increase of 29% from the fourth quarter of 2012

• Return on average assets of 1.32% and return on average equity of 10.88% for the fourth quarter of 2013

• Acquisition of BankAsiana and Saehan Bancorp completed during the fourth quarter of 2013; Despite these acquisitions being complete, the purchase accounting adjustments are still being evaluated and as such are preliminary and subject to change

• Loans receivable totaled $2.82 billion at December 31, 2013, an increase of 28% from $2.20 billion at September 30, 2013

• Total deposits were $2.87 billion at December 31, 2013, an increase of 27% from $2.25 billion at September 30, 2013

• Continued low credit losses resulted in no provision for losses on loans and loan commitments for Q4 2013

Wilshire Bancorp Inc. – 4Q 2013 Results

January 27, 2014

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ACQUISITIONS

During the fourth quarter of 2013, the Company completed its acquisitions of BankAsiana, previously headquartered in Palisades Park, New Jersey, and Saehan Bancorp, previously headquartered in Los Angeles, California.  The acquisition of BankAsiana was completed on October 1, 2013 and the acquisition of Saehan Bancorp was completed on November 20, 2013.  With the completion of the acquisitions, three branches in the New York/New Jersey area and ten branches in Southern California were added to the Company’s existing branch network, which now consists of 38 branches within the United States.

The acquisitions were accounted for in accordance with generally accepted accounting principles and the assets and liabilities of BankAsiana and Saehan Bancorp were recorded at fair value as of the acquisition dates.  Goodwill recorded from the acquisitions for the fourth quarter of 2013 totaled $65.2 million, $10.8 million from the acquisition of BankAsiana and $54.4 million from the acquisition of Saehan Bancorp.

The fair value of loans acquired from BankAsiana and Saehan Bancorp totaled $168.1 million and $381.0 million, respectively, at the dates of acquisition.  The fair valuation of the loan portfolio of BankAsiana and Saehan Bancorp resulted in discounts of $9.2 million (5.2% of the total portfolio) and $27.7 million (6.8% of the total portfolio), respectively.  Total deposits acquired from BankAsiana were $162.5 million and total deposits acquired from Saehan Bancorp were $503.4 million.  Time deposits acquired were recorded at fair value and included $668,000 and $644,000 in premiums for BankAsiana and Saehan Bancorp, respectively.  Core deposit intangibles recorded from the acquisition of BankAsiana were $725,000 and core deposit intangibles recorded from the acquisition of Saehan Bancorp were $3.8 million.  After making all the necessary acquisition accounting adjustments, total assets acquired from BankAsiana were $209.7 million and total assets acquired from Saehan Bancorp were $631.7 million.

The acquisition accounting adjustments are current as of the date of this announcement but may be subject to change as we continue to analyze the fair value of acquired assets and liabilities at the time of the acquisitions.  The Company’s financial results, to be included in the Annual Report on Form 10-K for the year ended December 31, 2013 could materially differ from the financial results being reported today as a result of the preliminary purchase accounting adjustments being reported for BankAsiana and Saehan Bancorp.  The Company will issue another public announcement to provide the final results for the purchase accounting adjustments should they differ materially from what is reported today.

STATEMENT OF OPERATIONS

Pre-Tax, Pre-Provision Income

Pre-tax, pre-provision income (PTPP) was $17.0 million for the fourth quarter of 2013, compared with $11.6 million for the fourth quarter of 2012, and $16.7 million for the third quarter of 2013.  Excluding merger-related expenses, PTPP was $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 credit for losses on loans and loan commitments totaled $32.3 million for the fourth quarter of 2013, an increase of 26% from $25.6 million for the fourth quarter of 2012, and an increase of 21% from $26.7 million for the third quarter of 2013.  The increase from the prior quarter is primarily attributable to the acquisitions of BankAsiana and Saehan Bancorp.

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Net interest margin was 4.20% for the fourth quarter of 2013, compared to 4.08% for the third quarter of 2013, and 4.20% for the fourth quarter of 2012. In order to conform to the calculation of net interest margin within its peer group, the Company’s net interest margin calculation now excludes allowance for loan losses from earnings assets and average loans, which slightly decreases loan yields and net interest margin.  Previous period calculations have been adjusted for comparative purposes.  Excluding the effects of acquisition accounting adjustments, the net interest margin was approximately 3.91% for the fourth quarter of 2013.  During the third quarter of 2013 the Company had a large recovery of interest income from loans that were put back on accrual status.  The decrease in the core net interest margin from the prior quarter was primarily due to a lower amount of recovered interest income during the fourth quarter of 2013 related to non-accrual loans placed back on accrual status.

Loan yields were 5.17% for the fourth quarter of 2013, compared with 5.05% for the third quarter of 2013, and 5.34% for the fourth quarter of 2012.  Excluding the effects of acquisition accounting adjustments, loan yields were approximately 4.86% for the fourth quarter of 2013.

The total cost of deposits was 0.53% for the fourth quarter of 2013, unchanged from the third quarter of 2013.  The total cost of deposits was 0.59% for the fourth quarter of 2012.

Non-Interest Income

Total non-interest income was $9.3 million for the fourth quarter of 2013, compared to $6.7 million for the fourth quarter of 2012, and $7.8 million for the third quarter of 2013.  The increase from the prior quarter was primarily due to a higher net gain on sale of loans.

The $4.0 million in net gain on sale of loans recognized in the fourth quarter of 2013 was substantially all gains from the sale of SBA loans.  During the fourth quarter of 2013, the Company sold $43.2 million in SBA loans, compared with $30.2 million sold during the third quarter of 2013.

Non-Interest Expense

Total non-interest expense was $24.7 million for the fourth quarter of 2013, compared with $20.7 million for the fourth quarter of 2012, and $17.8 million for the third quarter of 2013.  The increase from prior quarter is primarily attributable to costs associated with the acquisitions of BankAsiana and Saehan Bancorp of which one-time non-recurring costs accounted for $1.8 million of non-interest expense.

Total salaries and employee benefits expense was $12.9 million for the fourth quarter of 2013, compared with $7.9 million for the fourth quarter of 2012, and $8.8 million for the third quarter of 2013.  The increase from the prior quarter was primarily due to the addition of personnel from the acquisitions of BankAsiana and Saehan Bancorp and additional bonus accruals for year-end bonus payments paid to employees.

Other non-interest expense for the fourth quarter of 2013 totaled $6.3 million, compared with $6.2 million in the fourth quarter of 2012, and $5.3 million for the third quarter of 2013.  The increase from the prior quarter was primarily attributable to recurring expense related to growth from the fourth quarter acquisitions.

Merger-related non-recurring expense was $1.8 million in the fourth quarter of 2013 and was related to severance and retention payments, professional fees, such as consulting and legal expenses and data processing contract termination fees.

The Company’s operating efficiency ratio was 59.2% for the fourth quarter of 2013, compared with 64.1% for the fourth quarter of 2012 and 51.7% for the third quarter of 2013.

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Tax Provision

For the fourth quarter of 2013, the Company recorded a provision for income tax totaling $6.1 million, reflecting an effective tax rate of 35.8% for the quarter. The effective tax rate for the fourth quarter of 2013 is higher than the tax rate for the third quarter of 2013 due to an increase in the actual 2013 pre-tax book income versus the projected pre-tax book income and an increase in the state income tax rate based on tax returns filed for 2012.  For the year ended December 31, 2013, the Company recorded a provision for income tax totaling $22.3 million, reflecting an effective tax rate of 32.9%. The effective tax rate is lower than historical rates due to an increase in federal affordable housing tax credits.

BALANCE SHEET

Total gross loans receivable were $2.82 billion at December 31, 2013, compared to $2.20 billion at September 30, 2013.  At December 31, 2013, the Company had $161.6 million in loans (net of the fair value adjustment) related to the acquisition of BankAsiana, and $379.7 million in loans (net of the fair value adjustment) related to the acquisition of Saehan Bancorp.  Excluding the impact of adding the loan portfolios from BankAsiana and Saehan Bancorp, the Company’s total gross loans receivable increased $82.5 million, or 3.7%, during the fourth quarter of 2013.

The following table shows gross loans (excluding loan fees and allowance for loan losses) 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 December 31, 2013 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

The following table shows quarterly loan originations by loan type:

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Originations for the fourth quarter of 2013 were $222.3 million, compared with $214.3 million in the third quarter of 2013. The increase was primarily due to an increase in SBA and commercial loan production.

Total SBA loans held-for-sale at the end of the fourth quarter of 2013 were $45.6 million, compared to $53.5 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.

Total deposits were $2.87 billion at December 31, 2013, compared with $2.25 billion at September 30, 2013.  At December 31, 2013, $156.3 million in deposits were attributable to the acquisition of BankAsiana, and $482.2 million in deposits were attributable to the acquisition of Saehan Bancorp.

CREDIT QUALITY

The Company continued to experience relatively stable asset quality and a low level of credit losses during the fourth quarter of 2013.  Accordingly, the Company determined that no provision for losses on loans and loan commitments was required for the fourth quarter of 2013.  The allowance for loan losses totaled $53.6 million, or 1.90% of gross loans (excluding loans held-for-sale), at December 31, 2013, compared to $52.4 million, or 2.38% of gross loans (excluding loans held-for-sale), at September 30, 2013.  The coverage ratio of the allowance for loan losses to non-performing assets was 119.9% at December 31, 2013, compared with 155.1% at September 30, 2013.

Non-Performing Loans

At December 31, 2013, total non-performing loans were $37.2 million, or 1.30% of total gross loans, compared to $33.0 million, or 1.46% of total gross loans, at September 30, 2013.  Approximately $2.2 million of the increase in non-performing loans during the fourth quarter of 2013 was attributable to credits added through the acquisitions of BankAsiana and Saehan Bancorp, which were recorded at fair value.  The remainder of the increase in non-performing loans was primarily attributable to two commercial real estate loans totaling $2.8 million that were placed on non-accrual status during the fourth quarter.

Non-performing covered loans (previously acquired loans covered under FDIC loss share agreements) totaled $6.2 million at December 31, 2013.

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

Gross Loan Charge-offs

Within the legacy Wilshire Bank portfolio, gross loan charge-offs for the fourth quarter of 2013 totaled $1.6 million, compared to $3.2 million in the third quarter of 2013.  The Company also recorded $2.7 million in loan recoveries during the fourth quarter of 2013 of which $2.6 million were attributable to legacy Wilshire loans and the remaining recoveries were from previously charged-off covered loans.  The increase in recoveries during the fourth quarter of 2013 was primarily due to one large recovery on a commercial real estate loan.  Total net recoveries were $1.2 million for the fourth quarter of 2013, compared to net charge-offs of $2.5 million during the previous quarter.

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

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

Special mentions loans totaled $100.8 million at December 31, 2013, an increase of $57.3 million from the end of the previous quarter.  Approximately $35.1 million of the increase was due to the loans acquired from BankAsiana and Saehan Bancorp and the remaining increase of $22.1 million was due to legacy and covered special mention loans.  Classified loans increased $22.5 million during the fourth quarter of 2013.  Classified loans acquired from BankAsiana and Saehan Bancorp totaled $26.0 million at December 31, 2013.  Legacy classified loans declined $4.6 million during the fourth quarter of 2013 and covered loans experienced an increase of $1.0 million during the same period.

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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

Common Stock Issuance

On November 20, 2013, the Company issued 7,210,664 shares of Wilshire common stock to former Saehan Bancorp shareholders as part of the consideration for the acquisition.  Consideration for the acquisition was paid in approximately 50% cash and 50% stock.

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 fourth quarter of 2013, the Company did not repurchase any shares.  Since the program’s inception, 651,412 shares of common stock have been repurchased for a total price of $3.2 million and an additional 2.9 million shares can be repurchased before the program’s expiration.  The program will expire on March 28, 2014 or upon completion of the repurchase of the authorized shares of common stock.  However, the Company has no obligation to repurchase additional shares under this program and may suspend or discontinue it at any time.

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CONFERENCE CALL

Management will host its quarterly conference call on January 28, 2014, at 11:00 a.m. PT (2:00 p.m. ET). Investment professionals are invited to participate in the call by dialing 866-543-6403 (domestic number) or 617-213-8896 (international number) and providing the passcode 40464259.

ABOUT WILSHIRE BANCORP

Headquartered in Los Angeles, Wilshire Bancorp is the parent company of Wilshire Bank, which operates 38 branch offices in California, Texas, New Jersey and New York, and nine loan production offices in Dallas and Houston, TX, Atlanta, GA, Aurora, CO, Annandale, VA, Fort Lee, NJ, Newark, CA, New York, NY, and Bellevue, WA, 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

(continued)

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CONSOLIDATED STATEMENT OF OPERATIONS

(continued)

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CONSOLIDATED STATEMENT OF OPERATIONS