Hanmi News

  • Apr 19, 2012 Hanmi Earns $7.3 Million, or $0.23 Per Share, in 1Q 2012

    Hanmi Earns $7.3 Million, or $0.23 Per Share, in 1Q 2012

    Company Release - 04/19/2012 08:30

    Launches 30th Anniversary with Sixth Consecutive Quarterly Profit

    LOS ANGELES--(BUSINESS WIRE)-- Hanmi Financial Corporation (NASDAQ:HAFC), the holding company for Hanmi Bank (the “Bank”), today reported first quarter net income of $7.3 million, or $0.23 per diluted common share, for the first quarter of 2012, up 33% from the preceding quarter. The first quarter of 2012 marks Hanmi’s sixth consecutive quarterly profit, with improving net interest margin, improving asset quality and lower overhead costs. Net profit in the first quarter of 2012 was 30% less than the $10.4 million, or $0.55 per diluted share, earned in the first quarter of 2011, due to a $2.0 million credit loss provision in the first quarter of 2012 (versus no provision for credit losses in the first quarter of 2011) and a $2.4 million loss on sale of loans for the first quarter 2012. All per share results are adjusted to reflect the 1-for-8 reverse stock split, which became effective on December 19, 2011.

    “As we celebrate our thirtieth anniversary, we are making progress, step by step, on the business plans that we crafted last year. We are very pleased with the increases in total assets, loans and deposits this quarter after several years of deleveraging our balance sheet. The improved operating platform we are implementing should provide further benefits and revenue growth into the future,” said Jay S. Yoo, President and Chief Executive Officer. “In the first quarter of 2012, we launched the “Hanmi Neighbor Volunteer Service Program,” to serve our community’s youth, healthcare, and education groups. We believe this program can be a great opportunity for us to return the support we have received from our customers and our community and to further build relationships in the area.”


    Click here to view a PDF of the entire report.




  • Apr 12, 2012 Hanmi Financial Corporation Announces First Quarter 2012 Conference Call and Webcast

    Hanmi Financial Corporation Announces First Quarter 2012 Conference Call and Webcast

    Hanmi Financial Corporation Announces First Quarter 2012 Conference Call and Webcast

    Company Release - 04/12/2012 16:00

    LOS ANGELES--(BUSINESS WIRE)-- Hanmi Financial Corporation (NASDAQ: HAFC), the holding company for Hanmi Bank, today announced that it will report first quarter 2012 results before the open of the stock market on Thursday, April 19, 2012. Management will host a conference call on that same day at 1:30 p.m. Pacific Time (4:30 p.m. Eastern) to discuss the results. This call will also be broadcast live via the internet.

    Investment professionals and all current and prospective shareholders are invited to access the live call on April 19 by dialing (480)-629-9818 before 1:30 p.m. Pacific Time, using access code HANMI. To listen to the call online, either live or archived, visit the Investor Relations page of Hanmi’s website at www.hanmi.com. Shortly after the call concludes, the replay will also be available at (303) 590 3030, using access code 4531652 where it will be archived until May 3, 2012.

    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 a loan production office in Washington State. Hanmi Bank specializes in commercial, 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.hanmi.com.

    Hanmi Financial Corporation
    Lonny D. Robinson, 213-368-3200
    EVP & Chief Financial Officer

    Source: Hanmi Financial Corporation

  • Jan 31, 2012 Hanmi to Participate in FIG Partners West Coast CEO Forum

    Hanmi to Participate in FIG Partners West Coast CEO Forum

    Hanmi to Participate in FIG Partners West Coast CEO Forum

    Company Release - 01/31/2012 17:00

    LOS ANGELES--(BUSINESS WIRE)-- Hanmi Financial Corporation (NASDAQ: HAFC), the holding company for Hanmi Bank (the “Bank”), today announced that Jay S. Yoo, President and Chief Executive Officer, is scheduled to participate in a Greater Los Angeles Banks Panel at the FIG Partners 3rd Annual West Coast Bank CEO Forum on Tuesday, February 7, 2012, at 8:55 a.m. PST. The forum is scheduled for February 6-7 at the Westin St. Francis Hotel on Union Square in San Francisco.

    About FIG Partners
    FIG Partners LLC is an employee-owned broker/dealer specializing in financial institutions. Its expertise includes independent research on nearly 70 public bank stocks and the industry at large, completion of over 80 transactions to raise new capital and provide strategic advice, and OTC market-making for 200+ banks nationwide.

    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 a loan production office in Washington State. Hanmi Bank specializes in commercial, 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.hanmi.com.

    Hanmi Financial Corporation
    Lonny Robinson, 213-368-3200
    Executive Vice President and Chief Financial Officer

    Source: Hanmi Financial Corporation

  • Jan 19, 2012 Hanmi Earns $28.1 Million, or $1.38 Per Share in 2011

    Hanmi Earns $28.1 Million, or $1.38 Per Share in 2011


    Company Release - 01/19/2012 08:00

    4Q11 Net Income Grows to $5.5 Million, or $0.22 Per Share, up 31% from 3Q11

    Robust Capital Position and Improving Asset Quality Contributed to Hanmi’s Fifth Consecutive Quarterly Profit

    LOS ANGELES--(BUSINESS WIRE)-- Hanmi Financial Corporation (NASDAQ: HAFC), the holding company for Hanmi Bank (the “Bank”), today reported 2011 net income totaled $28.1 million, or $1.38 per diluted common share, a significant improvement from the loss of $88.0 million, or $7.46 per share, posted in 2010. These results reflect the successful fourth quarter capital raise, continuing improvement in asset quality, strong SBA loan originations and enhanced operating efficiency. The fourth quarter of 2011 marks Hanmi’s fifth consecutive quarterly profit, with net income totaling $5.5 million, or $0.22 per share. All per share results are adjusted to reflect the 1-for-8 reverse split, which became effective on December 19, 2011.

    “2011 was a year of great transformation for Hanmi. With hard work and dedication of all our employees, we have overcome many challenges and have already implemented steps to continue on the road to profitability,” said Jay S. Yoo, President and Chief Executive Officer. “We launched the new year with an all-company rally that brought the entire Hanmi team together. I was impressed with the dedication and enthusiasm that our team members demonstrated at the rally. We are once again dedicated to make Hanmi 'The Bank of Choice' for our customers, our employees, our communities, and our shareholders.”

    Click here to view a PDF of the entire report.


  • Jan 12, 2012 Hanmi Financial Corporation Announces Fourth Quarter and Year End 2011 Conference Call and Webcast

    Hanmi Financial Corporation Announces Fourth Quarter and Year End 2011 Conference Call and Webcast

    Hanmi Financial Corporation Announces Fourth Quarter and Year End 2011 Conference Call and Webcast

    Company Release - 01/12/2012 14:36

    LOS ANGELES, Jan. 12, 2012 (GLOBE NEWSWIRE) -- Hanmi Financial Corporation (Nasdaq:HAFCD), the holding company for Hanmi Bank, today announced that it will report fourth quarter and year end 2011 results before the open of the stock market on Thursday, January 19, 2012. Management will host a conference call on that same day at 1:30 p.m. Pacific Time (4:30 p.m. ET) to discuss the results. This call will also be broadcast live via the internet.

    Investment professionals and all current and prospective shareholders are invited to access the live call on January 19 by dialing (617) 213-8055 at 1:30 p.m. Pacific Time, using access code HANMI. To listen to the call online, either live or archived, visit the Investor Relations page of Hanmi's website at www.hanmi.com. Shortly after the call concludes, the replay will also be available at (617) 801-6888, using access code #78210974 where it will be archived until February 2, 2012.

    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 a loan production office in Washington State. Hanmi Bank specializes in commercial, 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.hanmi.com.

    CONTACT: LONNY D. ROBINSON
    EVP & Chief Financial Officer
    (213) 368-3200

    Source: Hanmi Bank

  • Dec 16, 2011 Hanmi Financial Corporation Announces 1-for-8 Reverse Stock Split

    Hanmi Financial Corporation Announces 1-for-8 Reverse Stock Split

    Company Release - 12/16/2011 19:22

    LOS ANGELES, Dec. 16, 2011 (GLOBE NEWSWIRE) -- Hanmi Financial Corporation (Nasdaq:HAFC) ("Hanmi"), the holding company for Hanmi Bank, today announced that it will implement a 1-for-8 reverse stock split for common shareholders of record on December 16, 2011.

    Hanmi filed an amendment to its Amended and Restated Certificate of Incorporation with the Secretary of State of the State of Delaware to effect a 1-for-8 reverse stock split of its common stock, $0.001 par value per share. The reverse stock split, which was approved by Hanmi's stockholders at its annual meeting of stockholders held on August 17, 2011, will be effective with respect to stockholders of record as of the close of business on December 16, 2011 (the "Effective Time"). At the Effective Time, every eight (8) shares of Hanmi's pre-split common stock will automatically be consolidated into one (1) share of Hanmi's post-split common stock. 

    "The reverse stock split is an important step in making our common stock more attractive to institutional investors and reducing administrative costs related to the large number of shares issued and outstanding,"said Jay S. Yoo, President and Chief Executive Officer.

    It is expected that Hanmi's common stock will begin trading on a split-adjusted basis on the NASDAQ Global Select Market at the opening of trading on December 19, 2011. Hanmi's common stock will continue to trade on the NASDAQ Global Select Market under the symbol "HAFC" with the letter "D" added to the end of the trading symbol for a period of 20 trading days to indicate that the reverse stock split has occurred. Following the 20 day period, the ticker symbol will revert to "HAFC." In addition, Hanmi's common stock will also trade under a new CUSIP number (410495204).

    No fractional shares of Hanmi's post-split common stock will be issued as a result of the reverse stock split. Instead, a stockholder who otherwise would have been entitled to receive a fractional share as a result of the reverse stock split will receive a rounded up share of Hanmi's post-split common stock for such fractional share. 

    The reverse stock split will reduce the number of shares of common stock outstanding from approximately 251.9 million shares to approximately 31.5 million shares. The number of authorized shares of common stock will be reduced from 500,000,000 to 62,500,000. Proportional adjustments will also be made to the conversion or exercise rights under Hanmi's outstanding stock options, warrants and other securities entitling their holders to purchase or receive shares of common stock so that the reverse stock split will not materially affect any of the rights of holders of those securities.

    Stockholders with certificated shares of pre-split common stock will be required to exchange their stock certificates for new stock certificates representing the appropriate number of shares of post-split common stock resulting from the reverse stock split. Hanmi's exchange and transfer agent, Computershare Trust Company, N.A., will mail a letter of transmittal to registered stockholders holding certificated shares with instructions on how to complete the exchange. The number of shares of Hanmi's common stock held in book entry form will be adjusted to reflect the reverse stock split ratio without any action on the part of the stockholders holding such shares in book entry form.

    Additional information regarding the reverse stock split can be found in Hanmi's revised definitive proxy statement filed with the Securities and Exchange Commission on July 12, 2011.


    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 a loan production office in Washington State. Hanmi Bank specializes in commercial, 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 atwww.hanmi.com.


    Forward-Looking Statements
    This press 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. All statements other than statements of historical fact are "forward–looking statements" for purposes of federal and state securities laws, including, but not limited to, statements about anticipated future operating and financial performance, financial position and liquidity, business strategies, regulatory and competitive outlook, investment and expenditure plans, capital and financing needs and availability, plans and objectives of management for future operations, developments regarding our capital plans, including our securities purchase agreement with Woori Finance Holdings, and other similar forecasts and statements of expectation and statements of assumption underlying any of the foregoing. 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: inability to raise additional capital on acceptable terms or at all; failure to maintain adequate levels of capital and liquidity to support our operations; the effect of regulatory orders we have entered into and potential future supervisory action against us or Hanmi Bank; general economic and business conditions internationally, nationally and in those areas in which we operate; volatility and deterioration in the credit and equity markets; changes in consumer spending, borrowing and savings habits; availability of capital from private and government sources; demographic changes; competition for loans and deposits and failure to attract or retain loans and deposits; fluctuations in interest rates and a decline in the level of our interest rate spread; risks of natural disasters related to our real estate portfolio; risks associated with Small Business Administration loans; failure to attract or retain key employees; changes in governmental regulation, including, but not limited to, any increase in FDIC insurance premiums; 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; changes in the financial performance and/or condition of our borrowers and the ability of our borrowers to perform under the terms of their loans and other terms of credit agreements; our ability to successfully integrate acquisitions we may make; our ability to control expenses; and changes in securities markets. In addition, we set forth certain risks in our reports filed with the U.S. Securities and Exchange Commission ("SEC"), including, in particular Item 1A of our Form 10K for the year ended March 31, 2011, as well as current and periodic reports filed with the U.S. Securities and Exchange Commission hereafter, 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.

    CONTACT: Hanmi Financial Corporation Lonny D. Robinson Executive Vice President and Chief Financial Officer (213) 368-3200

    Source: Hanmi Bank
  • Nov 18, 2011 Hanmi Financial Corporation Announces Closing of $80.5 Million Underwritten Public Offering of Common Stock, Including Exercise of Underwriters' Over-Allotment Option

    Hanmi Financial Corporation Announces Closing of $80.5 Million Underwritten Public Offering of Common Stock, Including Exercise of Underwriters' Over-Allotment Option


    Company Release - 11/18/2011 11:55

    LOS ANGELES, Nov. 18, 2011 (GLOBE NEWSWIRE) -- Hanmi Financial Corporation (Nasdaq:HAFC) (the "Company"), the holding company for Hanmi Bank, today announced the closing of its previously announced underwritten public offering of common stock. FBR Capital Markets & Co. acted as the underwriter for the offering. The Company raised $80.5 million in gross proceeds by issuing 100,625,000 shares of the Company's common stock, which includes the issuance of an additional 13,125,000 shares of common stock as a result of the underwriter's exercise of its over-allotment option, at a price to the public of $0.80 per share. Woori Investment & Securities Co., Ltd. purchased 10,000,000 shares of common stock in the offering and holds approximately 4.0% of the Company's outstanding common stock (taking into account the shares issued in the offering).

    The net proceeds to the Company after deducting underwriting discounts and commissions and estimated offering expenses are expected to be approximately $77.2 million. The Company intends to contribute a substantial portion of the net proceeds from the offering to Hanmi Bank as additional capital and to support future organic growth and future acquisition driven growth. The Company intends to retain the remaining net proceeds at the Company level for use as working capital and other general corporate purposes.


    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 a loan production office in Washington State. Hanmi Bank specializes in commercial, 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 atwww.hanmi.com.


    Forward-Looking Statements
    This news release contains forward-looking statements for which the Company claims the protection of the safe harbor contained in the Private Securities and Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties. A number of factors, many of which are beyond the Company's ability to control or predict, could cause future results to differ materially from those contemplated by such forward-looking statements.  The Company's Annual Report on Form 10-K and other SEC filings discuss the most significant risk factors that may affect its business, results of operations and financial condition. The Company undertakes no obligation to revise or update publicly any forward-looking statements for any reason.

    CONTACT: 
    Hanmi Financial Corporation
    David Yang
    Investor Relations Officer
    (213) 637-4798
    Source: Hanmi Bank
  • Nov 15, 2011 Hanmi Financial Corporation Announces Pricing of $70 Million Underwritten Public Offering of Common Stock

    Hanmi Financial Corporation Announces Pricing of $70 Million Underwritten Public Offering of Common Stock

    LOS ANGELES, November 15, 2011 — Hanmi Financial Corporation (Nasdaq: HAFC) (the “Company”), the holding company for Hanmi Bank, today announced the pricing of its previously announced underwritten public offering of its common stock, raising aggregate gross proceeds of approximately $70 million (not including the potential exercise by the underwriter of its over-allotment option). The offering consisted of 87,500,000 shares of common stock at a price to the public of $0.80 per share. FBR Capital Markets & Co. is the underwriter for this offering.  The Company also granted the underwriter a 30-day option to purchase up to 13,125,000 additional shares of common stock, solely to cover over-allotments, if any.  The Company expects issuance and delivery of the shares of common stock to occur on November 18, 2011, subject to customary closing conditions. 

    The Company intends to contribute a substantial portion of the net proceeds from the offering to Hanmi Bank as additional capital and to support future organic growth and future acquisition driven growth. The Company intends to retain the remaining net proceeds at the Company level for use as working capital and other general corporate purposes. 

    A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission and has become effective. This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The public offering of the Company’s common stock may be made only by means of a prospectus and a related prospectus supplement, copies of which may be obtained by from FBR Capital Markets & Co., Prospectus Department, 1001 19th Street, North, Arlington, VA 22209, or by email at prospectuses@fbr.com.

    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 a loan production office in Washington State. Hanmi Bank specializes in commercial, 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.

    Forward-Looking Statements
    This news release contains forward-looking statements for which the Company claims the protection of the safe harbor contained in the Private Securities and Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties. A number of factors, many of which are beyond the Company’s ability to control or predict, could cause future results to differ materially from those contemplated by such forward-looking statements.   The Company’s Annual Report on Form 10-K and other SEC filings discuss the most significant risk factors that may affect its business, results of operations and financial condition.  The Company undertakes no obligation to revise or update publicly any forward-looking statements for any reason.

    Contact:
    Hanmi Financial Corporation
    David Yang
    Investor Relations Officer
    (213) 637-4798


  • Nov 15, 2011 Hanmi Financial Corporation Announces the Exercise of Over-Allotment Option in the Public Offering of its Common Stock

    Hanmi Financial Corporation Announces the Exercise of Over-Allotment Option in the Public Offering of its Common Stock

    Hanmi Financial Corporation Announces Closing of $80.5 Million Underwritten Public Offering of Common Stock, Including Exercise of Underwriters' Over-Allotment Option

    Company Release - 11/18/2011 11:55

    LOS ANGELES, Nov. 18, 2011 (GLOBE NEWSWIRE) -- Hanmi Financial Corporation (Nasdaq:HAFC) (the "Company"), the holding company for Hanmi Bank, today announced the closing of its previously announced underwritten public offering of common stock. FBR Capital Markets & Co. acted as the underwriter for the offering. The Company raised $80.5 million in gross proceeds by issuing 100,625,000 shares of the Company's common stock, which includes the issuance of an additional 13,125,000 shares of common stock as a result of the underwriter's exercise of its over-allotment option, at a price to the public of $0.80 per share. Woori Investment & Securities Co., Ltd. purchased 10,000,000 shares of common stock in the offering and holds approximately 4.0% of the Company's outstanding common stock (taking into account the shares issued in the offering).

    The net proceeds to the Company after deducting underwriting discounts and commissions and estimated offering expenses are expected to be approximately $77.2 million. The Company intends to contribute a substantial portion of the net proceeds from the offering to Hanmi Bank as additional capital and to support future organic growth and future acquisition driven growth. The Company intends to retain the remaining net proceeds at the Company level for use as working capital and other general corporate purposes.

    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 a loan production office in Washington State. Hanmi Bank specializes in commercial, 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.hanmi.com.

    Forward-Looking Statements

    This news release contains forward-looking statements for which the Company claims the protection of the safe harbor contained in the Private Securities and Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties. A number of factors, many of which are beyond the Company's ability to control or predict, could cause future results to differ materially from those contemplated by such forward-looking statements.  The Company's Annual Report on Form 10-K and other SEC filings discuss the most significant risk factors that may affect its business, results of operations and financial condition. The Company undertakes no obligation to revise or update publicly any forward-looking statements for any reason.

    CONTACT: Hanmi Financial Corporation David Yang Investor Relations Officer (213) 637-4798

    Source: Hanmi Bank

  • Nov 14, 2011 Hanmi Financial Corporation Announces Launch of Underwritten Public Offering of Common Stock

    Hanmi Financial Corporation Announces Launch of Underwritten Public Offering of Common Stock

    LOS ANGELES, Nov 14, 2011 (GlobeNewswire via COMTEX) --

    Hanmi Financial Corporation (Nasdaq:HAFC) (the "Company"), the holding company for Hanmi Bank, today announced that it has commenced an underwritten public offering of approximately $70 million of its common stock. FBR Capital Markets & Co. will serve as the underwriter for this offering. The Company expects to grant the underwriter a 30-day option to purchase additional common stock, solely to cover over-allotments, if any.

    The Company intends to contribute a substantial portion of the net proceeds from the offering to Hanmi Bank as additional capital and to support future organic growth and future acquisition driven growth. The Company intends to retain the remaining net proceeds at the Company level for use as working capital and other general corporate purposes.

    A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission and has become effective. This release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction. The public offering of the Company's common stock may be made only by means of a prospectus and a related prospectus supplement, copies of which may be obtained by from FBR Capital Markets & Co., Prospectus Department, 1001 19th Street, North, Arlington, VA 22209, or by email at prospectuses@fbr.com.

    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 a loan production office in Washington State. Hanmi Bank specializes in commercial, 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.hanmi.com.

    Forward-Looking Statements
    This news release contains forward-looking statements for which the Company claims the protection of the safe harbor contained in the Private Securities and Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties. A number of factors, many of which are beyond the Company's ability to control or predict, could cause future results to differ materially from those contemplated by such forward-looking statements. The Company's Annual Report on Form 10-K and other SEC filings discuss the most significant risk factors that may affect its business, results of operations and financial condition. The Company undertakes no obligation to revise or update publicly any forward-looking statements for any reason.

    This news release was distributed by GlobeNewswire, www.globenewswire.com

    SOURCE: Hanmi Bank

    CONTACT:
    Hanmi Financial Corporation
    David Yang
    Investor Relations Officer
    (213) 637-4798


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