Hanmi News

  • Jun 19, 2009 Hanmi Bank's New Internet Banking & Bill Pay to Launch on 07/27

    Hanmi Bank's New Internet Banking & Bill Pay to Launch on 07/27



    Hanmi Bank is excited to launch a new internet banking!!

    With new internet banking, you will be able to:

    • Select from two language options (English & Korean)
    • Receive notifications of deposits and loans
    • Check 16 months of e-statements and history
    • Customer reset options for login and password
    • Prevent identity theft and hacking through intelligent authentication
    • Enjoy new and improved bill payment site

    More to come...

    At the end of business day on July 24, 2009: 

    You will not be able to make transactions. Only account balance and transaction summary will be available.

    You will not be able to enroll in Internet banking service

    Bill payment feature will be not be available

    Above services will be updated on July 27, 2009.

  • Jun 15, 2009 Hanmi Financial Corp. Enters into a Definitive Agreement to Raise Capital from a Korean Investor

    Hanmi Financial Corp. Enters into a Definitive Agreement to Raise Capital from a Korean Investor

     

    LOS ANGELES--(BUSINESS WIRE)--Jun. 15, 2009-- Hanmi Financial Corporation (Nasdaq:HAFC), the holding company of Hanmi Bank, today announced that it has entered into a definitive securities purchase agreement, effective as of June 12, 2009, with Leading Investment & Securities Co., Ltd., a Korean securities broker-dealer (“Leading”), whereby Leading has committed to invest up to $11 million of common equity capital into Hanmi Financial Corporation (“Hanmi”), which is the maximum allowed without seeking U.S. regulatory approval.

    Pursuant to the terms of the definitive agreement, Leading will initially invest approximately $6.9 million in the purchase of approximately 5.0 million shares of newly issued common stock, representing a purchase price of approximately $1.37 per share, giving Leading 9.9% of the total outstanding common stock of Hanmi. Upon receipt of certain regulatory consents, the initial investment will be followed by an additional investment of approximately $4.1 million for the purchase of approximately 3.0 million shares of newly issued common stock, also representing a purchase price of approximately $1.37 per share, giving Leading in aggregate 14.9% of the total outstanding common stock of Hanmi. These investments are expected to be completed by July 31, 2009.

    Hanmi is also in active negotiations with certain Korean institutional investors relating to a larger equity capital infusion. These Korean institutional investors are conducting due diligence of Hanmi. The completion of any such transaction would be subject to, among others, the following conditions: (i) satisfactory completion of due diligence; (ii) the negotiation of definitive documents and terms; and (iii) receipt of all required regulatory and shareholder approvals, as necessary.

    "We welcome the proposed investment by Leading Investment & Securities," said Jay S. Yoo, President and Chief Executive Officer of Hanmi. "In addition to enhancing Hanmi's capital levels, it demonstrates a confidence in Hanmi's ability to weather what is proving to be a severe and prolonged recession."

    Keefe, Bruyette & Woods, Inc. served as Hanmi’s financial adviser and Hunton & Williams LLP served as Hanmi’s legal adviser.

    Bae, Kim & Lee LLC, Seoul, Korea, served as legal advisor to Leading.

    About Hanmi Financial Corporation:

    Headquartered in Los Angeles, Hanmi Bank, a wholly owned subsidiary of Hanmi Financial Corporation, provides services to the multi-ethnic communities of California, with 27 full-service offices in Los Angeles, Orange, San Bernardino, San Francisco, Santa Clara and San Diego counties, and two loan production offices in Virginia and Washington State. Hanmi Bank specializes in commercial, Small Business Administration (“SBA”) and trade finance lending, and is a recognized community leader. Hanmi Bank’s mission is to provide a full range of quality products and premier services to its customers and to maximize shareholder value. Additional information is available at www.hanmifinancial.com.

    About Leading Investment & Securities Co., Ltd.:

    Leading Investment & Securities Co., Ltd. is a Korea-based financial service provider, specializing in providing securities brokerage, mergers and acquisitions and investment banking services and other financial services to a broad range of clients, including corporations, institutional investors and individuals. The Company's goal is to become Korea's leading on-line investment bank. Additional information is available at www.leading.co.kr.

    Forward-Looking Statements:

    This release contains forward-looking statements, which are included in accordance with the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “should,” “could,” “expects,” “plans,” “intends,” “anticipates,” “believes,” “estimates,” “predicts,” “potential,” or “continue,” or the negative of such terms and other comparable terminology. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. These statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ from those expressed or implied by the forward-looking statement. These factors include the following: the ability of Leading Investment & Securities Co., Ltd. and its affiliates to complete the proposed investments mentioned herein; receipt of requisite regulatory approvals of those investments; general economic and business conditions in those areas in which we operate; deterioration in the credit markets; availability of capital from private and government sources; demographic changes; competition for loans and deposits; fluctuations in interest rates; risks of natural disasters related to our real estate portfolio; risks associated with SBA loans; changes in governmental regulation; ability to receive regulatory approval for Hanmi Bank to declare dividends to Hanmi Financial; adequacy of our allowance for loan losses, credit quality and the effect of credit quality on our provision for credit losses and allowance for loan losses; the ability of borrowers to perform under the terms of their loans and other terms of credit agreements; our ability to successfully integrate acquisitions we may make; the availability of capital to fund the expansion of our business; and changes in securities markets. In addition, we set forth certain risks in our reports filed with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the fiscal year ended December 31, 2008 and Quarterly Reports on Form 10-Q filed thereafter, which could cause actual results to differ from those projected. We undertake no obligation to update such forward-looking statements except as required by law.


    Source: Hanmi Financial Corporation

    Hanmi Financial Corporation
    Stephanie Yoon
    Investor Relations
    213-427-5631

  • May 20, 2009 FDIC extends $250,000 deposit insurance to 2013

    FDIC extends $250,000 deposit insurance to 2013

    On May 20, 2009, FDIC announced that deposits at FDIC-insured institutions are now insured up to at least $250,000 per depositor through December 31, 2013.  On January 1, 2014, the standard insurance amount will return to $100,000 per depositor for all account categories except for IRAs and other certain retirement accounts which will remain at $250,000 per depositor. (This supersedes the October 3, 2008 changes).

    The extension does not apply to the Transaction Account Guarantee Program.  The unlimited coverage under the Transaction Account Guarantee Program is only in effect for depositors at participating institutions through December 31, 2009.

    www.fdic.gov/deposit/deposits/changes.html

  • Apr 27, 2009 Hanmi Bank Van Nuys Branch Celebrates 20th Anniversary

    Hanmi Bank Van Nuys Branch Celebrates 20th Anniversary



  • Feb 26, 2009 Hanmi Bank opens Diamond Bar Branch

    Hanmi Bank opens Diamond Bar Branch

    On February 26, 2009, Hanmi Bank opened its 27th branch in Diamond Bar. In addition to Rowland Heights and Rancho Cucamonga branches, Diamond Bar branch is the third branch in the San Bernardino region opened to satisfy the growing needs of customers living in the region. Diamond Bar branch is conveniently located next to 60 freeway, allowing easy access for the customers.

     

    Diamond Bar branch will be serviced by Sharon Im as the branch manager, and 5 other employees. It will offer full range of financial products, including personal & business banking, mortgage, insurance and investment services. It is also offering limited time CD promotion and account opening gifts for the new customers.

     

    Diamond Bar branch is located on Brea Canyon Road and Golden Springs Dr., next to Han Nam Market.

     

    Address:

    1101 Brea Canyon Road, Suite A-1

    Diamond Bar, CA 91789

    909-348-6600

     

    Business Hours:

    Monday ~ Thursday: 9:00AM~5:00PM

    Friday: 9:30AM~6:00PM

    Saturday: 9:00AM~1:00PM

  • Dec 08, 2008 Hanmi Bank participates in the FDIC’s Transaction Account Guarantee

    Hanmi Bank participates in the FDIC’s Transaction Account Guarantee


    Hanmi Bank is participating in the FDIC’s Transaction Account Guarantee Program. Under that program, through December 31, 2009, all non-interest-bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account. Coverage under the Transaction Account Guarantee Program is in addition to and separate from the coverage available under the FDIC’s general deposit insurance rules.
  • Sep 25, 2008 Hanmi CEO Speaks at Economic Seminar

    Hanmi CEO Speaks at Economic Seminar


    Hanmi Bank, in collaboration with Korea Daily and JBC Radio, held a free Economic Seminar to inform  the community on events and trends relating to current economic events. As one of the guest speakers,Hanmi Bank President and CEO, Jay S. Yoo presented “The Impact of the Financial Crisis in the Korean American Banking Industry and its Outlook” to approximately 200 guests. In addition, subjects relating to real estate as well as a general financial projection were presented.
  • Sep 16, 2008 Northridge Branch Holds Opening Ceremony

    Northridge Branch Holds Opening Ceremony


    Northridge Branch held its official grand opening ceremony on September 16, 2008 from 10am to 11am. Northridge Branch guests, local government representatives, the police department and Board Members attended the ceremony.
  • Jul 28, 2008 Northridge Branch Opens

    Northridge Branch Opens

    Hanmi Bank officially opened its 26th branch in the city of Northridge.  Customers living in San Fernando area can now enjoy the flexibility of choosing either Van Nuys or Northridge branch to fulfill their banking needs.

    The Northridge Branch is located on the southeat corner of Devonshire Street and Reseda Blvd. This branch will be managed by Sang Ui Hong, who was previously a loan officer at the Wilshire-Hobartbranch. 

    Northridge Branch
    10180 Reseda Blvd., Northridge, CA 91324
    Tel: 818-709-3300
    Fax: 818-709-3388
  • Jun 13, 2008 Mr. Jay S. Yoo Appointed as President and CEO

    Mr. Jay S. Yoo Appointed as President and CEO

    LOS ANGELES--(BUSINESS WIRE)--June 13, 2008--Hanmi Financial Corporation (Nasdaq:HAFC), the holding company of Hanmi Bank, announced that Jay S. Yoo has been appointed President and Chief Executive Officer of Hanmi Financial Corporation and Hanmi Bank. Mr. Yoo, whose appointment is effective June 23, 2008, replaces Sung Won Sohn, who retired in December 2007. Mr. Yoo will also serve on the Boards of Directors of Hanmi Financial Corporation and Hanmi Bank.

    Jay S. Yoo, 61, began his banking career in South Korea in 1970 and was most recently -- from 2001 to 2007 -- Chairman, President and CEO of New York-based Woori America Bank, a subsidiary of Woori Bank, a South Korean bank with assets of approximately $225 billion. He holds a B.A. in Business Administration from Sogang University in Seoul, South Korea.

    "We are delighted that Mr. Yoo has accepted our invitation to lead Hanmi's senior management team," said Won R. Yoon, M.D., Hanmi's Chairman. "He brings to Hanmi a breadth of experience in commercial banking that will be invaluable as we address a variety of challenges facing Hanmi, not the least of which are the need to improve credit quality and achieve a measure of stability in the Bank's financial performance.

    "During his 37-year career in banking, almost half of which has been spent in the United States, Mr. Yoo has demonstrated an impressive range of administrative and operational skills," added Dr. Yoon. "Equally important, he has acquired expertise in a number of key areas -- notably underwriting and credit management, interstate banking, new product development, risk management and internal control, and international trade finance -- that will be of great benefit to Hanmi and its shareholders in the years ahead."

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