Exhibit 99.1

Wilshire Bancorp Reports Net Income of $14.7 Million or

$0.19 per Share for Second Quarter 2014

LOS ANGELES, July 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 $14.7 million, or $0.19 per diluted common share, for the quarter ended June 30, 2014.  This compares to net income available to common shareholders of $11.5 million, or $0.16 per diluted common share, for the same period of the prior year, and net income available to common shareholders of $13.1 million, or $0.17 per diluted common share, for the first quarter of 2014.

Jae Whan (J.W.) Yoo, President and CEO of Wilshire Bancorp, said, “We are pleased with our performance in the second quarter, which resulted in a strong level of returns, with our return on average assets totaling 1.62% and our return on average equity totaling 12.77%.  With the integration of the BankAsiana and Saehan Bancorp acquisitions complete, we have been able to devote more resources and shift our focus to business development with our larger banking team.  As a result, we generated $282 million in loan production in the second quarter, which is a record level for the Company and 45% higher than our loan production in the same period last year.  We also continue to see very positive trends in deposit gathering, with solid growth in total deposits and steady improvement in our deposit mix.  We have built a great deal of momentum since our acquisitions and we expect to see a continuation of our positive trends in the second half of 2014.”

Q2 2014 Summary

¡         Net income available to common shareholders totaled $14.7 million, or $0.19 per diluted common share, for the second quarter of 2014

¡         Total revenue of $46.9 million for the second quarter of 2014, an increase of 38% from the second quarter of 2013

¡         Return on average assets of 1.62% and return on average equity of 12.77% for the second quarter of 2014

¡         Net interest margin of 4.35%, for the second quarter of 2014, an increase from 3.97% for the second quarter of 2013

¡         Loans receivable (net of deferred fees and costs) totaled $2.97 billion at June 30, 2014, an increase of 42% from $2.09 billion at June 30, 2013

¡         Total deposits were $2.96 billion at June 30, 2014, an increase of 35% from $2.18 billion at June 30, 2013

¡         Continued low credit losses and improvement in asset quality resulted in no provision for losses on loans and loan commitments for the second quarter of 2014

Wilshire Bancorp Inc. – 2Q 2014 Results

July 21, 2014

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STATEMENT OF OPERATIONS

Net Interest Income and Margin

Net interest income before provision for losses on loans and loan commitments totaled $36.1 million for the second quarter of 2014, an increase of 40% from $25.8 million for the second quarter of 2013, and an increase of 3% from $35.2 million for the first quarter of 2014.  The increase from the prior quarter is primarily attributable to a higher average loan balance and an increase in loan yields.

Net interest margin was 4.35% for the second quarter of 2014, compared to 4.22% for the first quarter of 2014, and 3.97% for the second quarter of 2013. Excluding the effect of the amortization/accretion of the purchase accounting adjustments for the acquisitions for Saehan Bancorp and BankAsiana, the net interest margin was 4.00% for the second quarter of 2014, compared with 3.85% for the first quarter of 2014.  The increase in net interest margin is attributable to an increase in average yield on loans, excluding the effects of purchase accounting adjustments, and a more favorable mix of interest-earning assets.

Loan yields were 5.20% for the second quarter of 2014, compared with 5.15% for the first quarter of 2014, and 4.97% for the second quarter of 2013.  Excluding the effect of the accretion of the purchase accounting adjustments for Saehan Bancorp and BankAsiana, loan yields were 4.85% for the second quarter of 2014, compared to 4.77% for the first quarter of 2014.

The total cost of deposits was 0.48% for the second quarter of 2014, compared with 0.51% for both the first quarter of 2014 and the second quarter of 2013.

Non-Interest Income

Total non-interest income was $10.7 million for the second quarter of 2014, compared to $8.3 million for the second quarter of 2013, and $11.0 million for the first quarter of 2014.  The decrease from the prior quarter was primarily due to a lower level of income on servicing assets, which was partially offset by a higher net gain on sale of Small Business Administration (“SBA”) loans.

The $4.7 million in net gain on sale of loans recognized during the second quarter of 2014 consisted substantially of gains from the sale of SBA loans.  Net gain on sale of loans for the first quarter of 2014 was $4.3 million.  During the second quarter of 2014, the Company sold $45.3 million in SBA loans, compared with $43.5 million sold during the first quarter of 2014.

Non-Interest Expense

Total non-interest expense was $24.6 million for the second quarter of 2014, compared with $17.1 million for the second quarter of 2013, and $26.3 million for the first quarter of 2014.  Excluding merger-related expenses, the increase in non-interest expense from the prior quarter was attributable to an impairment charge to the Company’s FDIC indemnification asset, an increase in losses on low income housing tax credit investments, and an increase in OREO provisions. Merger related costs for the second quarter of 2014 totaled $213,000, compared to $3.4 million for the first quarter of 2014.

The Company’s loss share agreement with the FDIC relating to covered loans acquired from Mirae Bank expired on June 30, 2014.  The remaining FDIC indemnification asset, less reimbursements to be received, was written off as an impairment to the asset. The impairment charge to the Company’s FDIC indemnification asset reflects a lower level of losses than expected on covered loans acquired from Mirae Bank.

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Total salaries and employee benefits expense was $12.5 million for the second quarter of 2014, compared with $9.5 million for the second quarter of 2013, and $12.7 million for the first quarter of 2014.

Other non-interest expense for the second quarter of 2014 totaled $7.1 million, compared with $4.9 million in the second quarter of 2013, and $6.0 million for the first quarter of 2014.  The increase from the prior quarter was primarily attributable to a $490,000 increase in losses on low income housing tax credit investments and a $246,000 increase in provision for OREO.

The Company’s operating efficiency ratio was 52.4% for the second quarter of 2014, compared with 50.1% for the second quarter of 2013 and 56.9% for the first quarter of 2014.

BALANCE SHEET

Total gross loans receivable (not including deferred fees and costs) were $2.98 billion at June 30, 2014, compared to $2.88 billion at March 31, 2014.  The increase in loans during the second quarter of 2014 was primarily attributable to growth in the commercial real estate and commercial and industrial portfolios.

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 June 30, 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

The following table shows quarterly loan originations by loan type:

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Originations for the second quarter of 2014 totaled $282.0 million, compared to $197.9 million for the first quarter of 2014, and $194.8 million for the second quarter of 2013.  The increase from the previous quarter was primarily due to higher real estate secured and residential mortgage loan production.

Total SBA loans held-for-sale at the end of the second quarter of 2014 were $5.1 million, compared to $26.8 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 $2.96 billion at June 30, 2014, compared with $2.92 billion at March 31, 2014.  The increase in total deposits was primarily attributable to growth in non-interest bearing demand deposits, which was partially offset by a decline in money market deposits.

CREDIT QUALITY

The Company experienced a decline across most problem loan categories and a low level of credit losses during the second quarter of 2014.  The Company determined that no provision for losses on loans and loan commitments was required for the second quarter of 2014.   The allowance for loan losses totaled $52.7 million, or 1.77% of gross loans (excluding loans held-for-sale), at June 30, 2014, compared to $53.5 million, or 1.86% of gross loans (excluding loans held-for-sale), at March 31, 2014.  Acquired loans, included in the allowance coverage ratios, were recorded at fair value and the remaining discount on these loans approximated $27.9 million at June 30, 2014.  The coverage ratio of the allowance for loan losses to non-performing assets was 107.41% at June 30, 2014, compared with 102.66% at March 31, 2014.

Non-Performing Loans

At June 30, 2014, total non-performing loans were $42.4 million, or 1.42% of total gross loans, compared to $43.1 million, or 1.48% of total gross loans, at March 31, 2014.

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

Net Charge-offs/Recoveries

During the second quarter of 2014, the Company had total gross charge-offs of $1.8 million and recoveries of $1.0 million for net charge-offs of $795,000.

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

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CONFERENCE CALL

Management will host its quarterly conference call on July 22, 2014, at 11:00 a.m. PT (2:00 p.m. ET). Investment professionals are invited to participate in the call by dialing 877-415-3185 (domestic) or 857-244-7328 (international) and providing passcode number 69604633.

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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(continued)

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CONSOLIDATED STATEMENT OF OPERATIONS

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

(continued)

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