Wilshire State Bank Assumes All Loans and Deposits of Mirae Bank

LOS ANGELES, June 26, 2009 (GLOBE NEWSWIRE) -- Wilshire Bancorp, Inc.
(Nasdaq:WIBC) announced today that its wholly-owned subsidiary bank, Wilshire
State Bank, purchased the assets and assumed the entire deposits and secured
borrowings of Mirae Bank from the Federal Deposit Insurance Corporation
("FDIC"). The California Department of Financial Institutions declared Mirae
Bank closed today and appointed the FDIC as receiver. All five branches of Mirae
Bank will reopen as Wilshire State Bank branches on Monday morning, June 29,
2009, and resume ordinary banking operations. The Olympic branch will remain
closed this Saturday, June 27, 2009 and reopen on Monday morning, along with the
other four branches.

"We are very pleased to welcome the customers and the employees of Mirae Bank to
the Wilshire State Bank family," said Wilshire Bancorp President and CEO Joanne
Kim. "We are working diligently with Mirae Bank employees and the FDIC, and are
taking every possible measure to ensure that the transition will be as smooth
and seamless as possible so that any disruption to the services to customers of
Mirae will be reduced to an absolute minimum."

Ms. Kim continued: "Customers of Mirae Bank should continue to use their
existing branches, checks, ATM or debit cards. If former Mirae Bank customers
have any questions regarding their accounts, they should continue to use the
same channels as they have in the past, including contacting their local branch.
Delivering superior customer service is our objective. Customers can rest
assured their deposits are safe and sound at Wilshire State Bank, which is
well-capitalized and profitable."

"The strategic acquisition of the banking operations of Mirae Bank will
strengthen our position in the multi-ethnic greater Los Angeles market," noted
Steven Koh, Wilshire Bancorp's Chairman of the Board. "Consistent with our
strategy, acquisitions like these are an efficient means of leveraging our
strong capital base and investing in markets with which we are very familiar."

ABOUT THE COMPANY

Headquartered in Los Angeles, Wilshire State Bank operates 21 branch offices in
California, Texas, New Jersey and New York, and five loan production offices in
Dallas, Houston, Atlanta, Denver, and Annandale, VA, 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. Wilshire Bancorp'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.

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. Specific factors include, but are not
limited to, loan production and sales, credit quality, the ability to expand net
interest margin, the ability to continue to attract low-cost deposits, success
of expansion efforts, competition in the marketplace and general economic
conditions. The financial information contained in this release should be read
in conjunction with the consolidated financial statements and notes included in
Wilshire Bancorp'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, Wilshire Bancorp 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 Wilshire Bancorp with the Securities and
Exchange Commission.

-0-
CONTACT: Wilshire Bancorp, Inc.
Joanne Kim, President & CEO
213-639-1843
Alex Ko, SVP and CFO
213-427-6560
www.wilshirebank.com