WIBC Wilshire Bancorp, Inc. (MM)

Wilshire Bancorp, Inc. (Nasdaq:WIBC), the holding company for Wilshire State Bank, today provided additional information regarding its preliminary financial expectations for the second quarter of 2010. The Company expects that net loss available to common shareholders for the second quarter of 2010 will not exceed $5.0 million, or $0.17 per common share. The net loss is primarily attributable to an elevated provision for loan losses and an increase in net loan charge-offs. Net loan charge-offs increased in the second quarter of 2010 due to write-downs that resulted from the sale of approximately $49 million in non-performing and delinquent loans at an average 17% discount to their carrying values. As a result of these loan sales, the Company expects that the level of non-performing loans at June 30, 2010 will decline from the level reported at March 31, 2010.

Wilshire Bancorp expects to report its financial results for the second quarter of 2010 on July 27, 2010.

COMPANY INFORMATION

Headquartered in Los Angeles, Wilshire State Bank operates 24 branch offices in California, Texas, New Jersey, and New York, and six loan production offices in Dallas, Houston, Atlanta, Denver, Annandale, Virginia, and Fort Lee, New Jersey, 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.

Visit us at - 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.

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