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      the
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      Pre-commencement communications pursuant
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On
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      Liberty Bank. The aggregate purchase price of the acquisition was $15,629,000,
      which included the 328,110 shares of Company common stock, valued pursuant
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      closing prices of the Company&#8217;s common stock as reported on The Nasdaq National
      Market for the 20 consecutive trading days ending on the last business day
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      common stock as reported on The Nasdaq National Market on May 22, 2006 was
      $17.25 per share. The issuance of the shares was deemed exempt from registration
      under the Securities Act of 1933, as amended (the "Securities Act"), in reliance
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      8.01
      OTHER EVENTS</font></div>
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      May
      22, 2006, the Company completed its acquisition of all the outstanding capital
      stock Liberty Bank of New York. A copy of the press release issued by the
      Company in connection with the completion of the acquisition is attached as
      Exhibit 99 to this report.</font></div>
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</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">FINANCIAL
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      99</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Press
      release dated May 22, 2006, issued by Wilshire Bancorp, Inc.</font></div>
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      duly authorized.</font></div>
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            <td width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;</font></td>
            <td width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;</font></td>
            <td width="49%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;</font></td>
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            <td colspan="2"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: "><strong>WILSHIRE
              BANCORP, INC.</strong></font></td>
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            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;<br>&#160;</font></td>
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;<br>&#160;</font></td>
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;<br>&#160;</font></td>
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            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">Date:
              May 24, 2006</font></td>
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">By:&#160;&#160;</font></td>
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">/s/&#160;Brian
              E.
              Cho</font></td>
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              <hr style="COLOR: black" align="left" noshade size="2" width="80%"><font size="2">Brian
              E. Cho, Chief Financial
              Officer</font></td>
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                No.</u></font></div>
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                release dated May 22, 2006, issued by Wilshire Bancorp,
                Inc.</font></div>
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{"company-data": {"conformed-name": "WILSHIRE BANCORP INC", "cik": "0001285224", "assigned-sic": "6022", "irs-number": "000000000", "state-of-incorporation": "CA", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-50923", "film-number": "06864949"}, "business-address": {"street1": "3200 WILSHIRE BLVD", "city": "LOS ANGELES", "state": "CA", "zip": "90010", "phone": "2134276580"}, "mail-address": {"street1": "3200 WILSHIRE BLVD", "city": "LOS ANGELES", "state": "CA", "zip": "90010"}}
UNITED
      STATES
SECURITIES
      AND EXCHANGE COMMISSION
Washington,
      D.C. 20549
____________________
FORM
      8-K
Current
      Report
Pursuant
      to Section 13 or 15(d) of the
Securities
      Exchange Act of 1934
Date
      of report (Date of earliest event reported):
May
      22, 2006
____________________
WILSHIRE
      BANCORP, INC.
(Exact
      name of registrant as specified in its charter)
____________________
California
000-50923
20-0711133
(State
                or other jurisdiction of incorporation)
(Commission
                File Number)
(IRS
                Employer Identification No.)
3200
                Wilshire Boulevard, Los Angeles, California 90010
(Address
                of principal executive offices) (Zip Code)
(213)
                387-3200
(Registrant's
                telephone number, including area code)
____________________
Check
      the
      appropriate box below if the Form 8-K filing is intended to simultaneously
      satisfy the filing obligation of the registrant under any of the following
      provisions (see General Instruction A.2. below):
o
Written communications
      pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule
      14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant
      to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant
      to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
ITEM
      3.02.
UNREGISTERED
      SALE OF EQUITY SECURITIES
On
      May
      22, 2006, Wilshire Bancorp, Inc. (the "Company") issued an aggregate 328,110
      of
      shares of its common stock to the former shareholders of Liberty Bank of New
      York ("Liberty Bank") in connection
with
      the
      closing of the Company's acquisition of all the outstanding capital stock of
      Liberty Bank. The aggregate purchase price of the acquisition was $15,629,000,
      which included the 328,110 shares of Company common stock, valued pursuant
      to
      the Stock Purchase Agreement at $18.0933 per share, the average of the daily
      closing prices of the Company's common stock as reported on The Nasdaq National
      Market for the 20 consecutive trading days ending on the last business day
      prior
      to the closing, and $8,592,406.80 in cash. The closing price of the Company's
      common stock as reported on The Nasdaq National Market on May 22, 2006 was
      $17.25 per share. The issuance of the shares was deemed exempt from registration
      under the Securities Act of 1933, as amended (the "Securities Act"), in reliance
      on Section 4(2) of the Securities Act as transactions by an issuer not involving
      a public offering.
ITEM
      8.01
      OTHER EVENTS
On
      May
      22, 2006, the Company completed its acquisition of all the outstanding capital
      stock Liberty Bank of New York. A copy of the press release issued by the
      Company in connection with the completion of the acquisition is attached as
      Exhibit 99 to this report.
ITEM
      9.01
FINANCIAL
      STATEMENTS AND EXHIBITS
(c)
Exhibits
Exhibit
      99
Press
      release dated May 22, 2006, issued by Wilshire Bancorp, Inc.
SIGNATURES
Pursuant
      to the requirements of the Securities Exchange Act of 1934, the registrant
      has
      duly caused this report to be signed on its behalf by the undersigned hereunto
      duly authorized.
WILSHIRE
              BANCORP, INC.
Date:
              May 24, 2006
By:
/s/ Brian
              E.
              Cho
Brian
              E. Cho, Chief Financial
              Officer
EXHIBIT
                INDEX
Exhibit
                No.
Description
99
Press
                release dated May 22, 2006, issued by Wilshire Bancorp,
                Inc.