Hanmi News

  • Jan 30, 2013 Hanmi Bank Introduces a New “Temporary Debit Card”

    Hanmi Bank Introduces a New “Temporary Debit Card”

    Hanmi Bank has introduced a “temporary debit card” in efforts to alleviate previous inconveniences customers have experienced with their cards. Specially designed for customers when having experienced loss or theft, this service has been implemented since December 2012. 

    In the past, customers have had to accommodate living without a card while waiting for their replacements for even up to two weeks at a time.  Now, a temporary debit card can be received at the bank as quick as the next day.  Hanmi Bank is the first of any Korean American bank to offer this service.

    Greg Kim, Chief Administrative Officer of Hanmi Bank, states, “Because it took so long for new cards to be processed, there have been some complaints.  I believe this can relieve our customers of any previous difficulties.”

    For more information or questions regarding the temporary debit card, please contact any local Hanmi Bank or our general number: (213) 382-2200.

  • Jan 11, 2013 Hanmi Financial Corporation Announces 2012 Conference Call and Webcast

    Hanmi Financial Corporation Announces 2012 Conference Call and Webcast

    Hanmi Financial Corporation Announces 2012 Conference Call and Webcast

    LOS ANGELES, CA – January 11, 2013 -- Hanmi Financial Corporation (NASDAQ: HAFC), the holding company for Hanmi Bank, today announced that it will report fourth quarter and full year 2012 financial results before the open of the stock market on Thursday, January 24, 2013.  Management will host a conference call that same day, at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time) to discuss the results. 

    Investment professionals and all current and prospective shareholders are invited to access the live call on January 24 by dialing (480)-629-9692 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

    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:

    David Yang       
    VP & Corporate Strategy Officer           
    (213) 637-4798                               

  • Jan 09, 2013 Hanmi Exploring Strategic Options

    Hanmi Exploring Strategic Options

    Hanmi Exploring Strategic Options
    Company Release - 01/09/2013 17:56

    LOS ANGELES, Jan. 9, 2013 (GLOBE NEWSWIRE) -- Hanmi Financial Corporation (Nasdaq:HAFC) ("Hanmi"), the holding company for Hanmi Bank, today announced that it has retained DelMorgan & Co. as its financial advisor, and that Hanmi has been engaged and intends to continue to engage in substantive discussions with certain strategic banks and bank holding companies regarding a possible business combination, merger-of-equals or sale transaction. No definitive terms or agreement have been reached at this time and there can be no assurance that any definitive terms will be agreed to or that any definitive agreement will be entered into.

    CAUTIONARY STATEMENTS REGARDING FORWARD-LOOKING INFORMATION

    This document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are typically identified by words or phrases such as "may," "will," "anticipate," "estimate," "expect," "project," "intend," "plan," "believe," "target," "forecast," and other words and terms of similar meaning. Forward-looking statements involve estimates, expectations, projections, goals, forecasts, assumptions, risks and uncertainties. Hanmi Financial Corporation cautions readers that any forward-looking statement is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking statement. Such forward-looking statements include, but are not limited to, statements about the outcome of discussions with any strategic bank or bank holding company regarding a possible business combination, merger-of-equals or sale transaction; whether any definitive terms will be agreed to or that any definitive agreement will be entered into; and other statements that are not historical facts. Important factors that could cause actual results to differ materially from those indicated by such forward-looking statements include risks and uncertainties relating to: disruption from the announcement of discussions making it more difficult to maintain relationships with customers, employees or suppliers; the diversion of management time on such discussions; general worldwide economic conditions and related uncertainties; and other factors we discuss or refer to in the "Risk Factors" section of our most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission ("SEC"). Additional risks and uncertainties are identified and discussed in Hanmi Financial Corporation's reports filed with the SEC and available at the SEC's website at www.sec.gov. Each forward-looking statement speaks only as of the date of the particular statement and Hanmi Financial Corporation does not undertake any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.

    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 stockholder value. Additional information is available at www.hanmi.com.

    CONTACT:
    Hanmi Financial Corporation
    David Yang
    Vice President & Corporate Strategy Officer
    (213) 637-4798

    Source: Hanmi Bank


  • Dec 14, 2012 Hanmi Financial Corporation (HAFC) to Ring The NASDAQ Stock Market Closing

    Hanmi Financial Corporation (HAFC) to Ring The NASDAQ Stock Market Closing

    BellCompany Release - 12/14/2012 10:00
    ADVISORY, Dec. 14, 2012 (GLOBE NEWSWIRE) --

    What:
    Hanmi Financial Corporation [HAFC], the holding company for Hanmi Bank, will visit the NASDAQ MarketSite in Times Square.

    In honor of the occasion, Mr. Joseph K. Rho, Chairman of the Board and Mr. Jay S. Yoo, President & CEO, will ring the Closing Bell.

    Where:
    NASDAQ MarketSite – 4 Times Square – 43rd & Broadway – Broadcast Studio

    When:
    Monday, December 17, 2012 – 3:45 p.m. to 4:00 p.m. ET    

    Contacts:
    Mark Yoon
    (213) 427-5636
    marky@hanmi.com

    Jenny Park
    (213) 427-4255
    jennyjp@hanmi.com

    NASDAQ MarketSite:
    Jen Knapp
    (212) 401-8916
    Jennifer.knapp@nasdaqomx.com

    Feed Information:
    Fiber Line (Encompass Waterfront): 4463
    Gal 3C/06C 95.05 degrees West
    18 mhz Lower
    DL 3811 Vertical
    FEC 3/4
    SR 13.235
    DR 18.295411
    MOD 4:2:0
    DVBS QPSK

    Facebook and Twitter:
    For multimedia features such as exclusive content, photo postings, status updates and video of bell ceremonies, please visit our Facebook page at: http://www.facebook.com/NASDAQ.      

    For news tweets, please visit our Twitter page at: http://twitter.com/nasdaqomx.

    Webcast:
    A live webcast of the NASDAQ Closing Bell will be available at:
    http://www.nasdaq.com/about/marketsitetowervideo.asx.

    Photos:
    To obtain a hi-resolution photograph of the Market Close, please go to http://www.nasdaq.com/reference/marketsite_events.stm and click on the market close of your choice.

    About Hanmi Financial Corporation [HAFC]:
    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 stockholder value. Additional information is available at www.hanmi.com.

    About NASDAQ OMX Group:
    The inventor of the electronic exchange, The NASDAQ OMX Group, Inc., fuels economies and provides transformative technologies for the entire lifecycle of a trade - from risk management to trade to surveillance to clearing. In the U.S. and Europe, we own and operate 23 markets, 3 clearinghouses and 5 central securities depositories supporting equities, options, fixed income, derivatives, commodities, futures and structured products. Able to process more than 1 million messages per second at sub-40 microsecond speeds with 99.99+% uptime, our technology drives more than 70 marketplaces in 50 developed and emerging countries into the future, powering 1 in 10 of the world's securities transactions. Our award-winning data products and worldwide indexes are the benchmarks in the financial industry. Home to approximately 3,400 listed companies worth $6 trillion in market cap whose innovations shape our world, we give the ideas of tomorrow access to capital today. Welcome to where the world takes a big leap forward, daily. Welcome to the NASDAQ OMX Century. To learn more, visit www.nasdaqomx.com. Follow us on Facebook (www.facebook.com/NASDAQ) and Twitter (www.twitter.com/nasdaqomx). (Symbol: NDAQ and member of S&P 500)

    -NDAQA-

    Source: The NASDAQ OMX Group, Inc.

  • Dec 06, 2012 Hanmi Financial Corporation Announces the Lifting of Regulatory Enforcement Actions

    Hanmi Financial Corporation Announces the Lifting of Regulatory Enforcement Actions

    Hanmi Financial Corporation Announces the Lifting of RegulatoryEnforcement Actions

    by the Federal Reserve Bank of San Francisco

    LOS ANGELES — December 6, 2012 — Hanmi Financial Corporation (NASDAQ: HAFC) (“Hanmi”), the holding company for Hanmi Bank (the “Bank”), today announced that the Federal Reserve Bank of San Francisco (the “FRB”) has informed Hanmi and the Bank that the Written Agreement entered into between Hanmi, the Bank and the FRB on November 2, 2009 (the “Written Agreement”) has been terminated, effective December 4, 2012.  As a result, with the recent lifting of the Memorandum of Understanding with the California Department of Financial Institutions on October 29, 2012 and today’s termination of the Written Agreement, the Bank is no longer subject to any ongoing enforcement actions.

    “We are pleased to report the termination of the Written Agreement with the Federal Reserve Bank of San Francisco and leave our regulatory issues behind us.  This important step confirms that our efforts to improve our financial condition have been successful and we will continue to effectively manage our capital and credit,” said Jay Yoo, President and Chief Executive Officer of Hanmi.  “I would like to thank the entire Hanmi team for their dedicated contributions.  We are now a much stronger company and look forward to upcoming challenges and opportunities.” 

    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 stockholder value.  Additional information is available at www.hanmi.com.

    Contact:
    Hanmi Financial Corporation
    David Yang
    Vice President & Corporate Strategy Officer
    (213) 637-4798

  • Oct 18, 2012 Hanmi Financial Corp. Earned $13.3 Million or $0.42 Per Diluted Share, in Third Quarter of 2012

    Hanmi Financial Corp. Earned $13.3 Million or $0.42 Per Diluted Share, in Third Quarter of 2012

    Company Release - 10/18/2012 08:30

    LOS ANGELES--(BUSINESS WIRE)-- Hanmi Financial Corporation (NASDAQ: HAFC), the holding company for Hanmi Bank (the “Bank”), today reported improving asset quality, and growing efficiencies contributed to third quarter net income of $13.3 million, or $0.42 per diluted share. Hanmi’s net income for the second quarter of 2012 was $55.8 million or $1.77 per diluted share, as a result of the recapture of the deferred tax asset (“DTA”) in the second quarter, and $4.2 million or $0.22 per diluted share in the third quarter a year ago. With eight consecutive quarters of profitability and continued credit improvement, Hanmi continued to benefit from the reversal of the DTA valuation allowance, recording a $4.9 million gross benefit which effectively offsets the tax obligation for the quarter. Tangible book value increased 4.5% to $11.52 per share at September 30, 2012, from $11.02 per share at June 30, 2012, and increased 8.1% from $10.66 per share a year ago. Year to date, net income in 2012 totaled $76.4 million, or $2.42 per diluted share, compared to $22.6 million, or $1.20 per diluted share, in the first nine months of 2011. All per share results are adjusted to reflect Hanmi Financial’s 1-for-8 reverse stock split, which became effective on December 19, 2011.

    “We continue to gain traction with our turnaround efforts, producing further improvements in asset quality during the quarter,” said Jay S. Yoo, President and Chief Executive Officer. “With another solidly profitable quarter, we are establishing a steady and stable foundation on which to grow our assets in the future.”


    Click here to view a PDF of the entire report.


  • Oct 02, 2012 Hanmi Financial Corporation Announces Third Quarter 2012 Conference Call and Webcast

    Hanmi Financial Corporation Announces Third Quarter 2012 Conference Call and Webcast

    Hanmi Financial Corporation Announces Third Quarter 2012 Conference Call and Webcast
    Company Release - 10/02/2012 12:30

    LOS ANGELES--(BUSINESS WIRE)-- Hanmi Financial Corporation (NASDAQ:HAFC), the holding company for Hanmi Bank, today announced that it will report third quarter 2012 financial results before the open of the stock market on Thursday, October 18, 2012. Management will host a conference call that same day, at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time) to discuss the results.

    Investment professionals and all current and prospective shareholders are invited to access the live call on October 18 by dialing (480)-629-9692 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 4566282.

    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, EVP & Chief Financial Officer, 213-368-3200

    Source: Hanmi Financial Corporation

  • Jul 24, 2012 Hanmi to Present at Keefe Bruyette and Woods 13th Annual Community Bank Investor Conference

    Hanmi to Present at Keefe Bruyette and Woods 13th Annual Community Bank Investor Conference

    Hanmi to Present at Keefe Bruyette and Woods 13th Annual Community Bank Investor Conference

    Company Release - 07/24/2012 12:00

    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, and Lonny Robinson, Chief Financial Officer, are scheduled to present at the Keefe Bruyette and Woods 13th Annual Community Bank Investor Conference. Hanmi will present on Wednesday, August 1, 2012, at 3:00 p.m. ET.

    The two-day KBW hosted event will be held on July 31 and August 1, 2012, at the Marriott Marquis Times Square in New York City. The live and archived presentation will be available at http://investors.hanmi.com/CorporateProfile.aspx?iid=4054775.

    One-on-one meetings with attending investors are currently being scheduled. To request a meeting with management, or obtain more information about this event, please contact KBW’s event manager, or your KBW representative.

    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.

    About Keefe Bruyette and Woods.
    KBW, Inc. operates in the U.S., Europe and Asia through its broker dealer subsidiaries, Keefe, Bruyette & Woods, Inc., Keefe, Bruyette & Woods Limited and Keefe, Bruyette & Woods Asia Limited. Celebrating its 50th anniversary, KBW has established itself as a leading independent authority in the banking, insurance, brokerage, asset management, mortgage banking, real estate and specialty finance sectors. Founded in 1962, the firm maintains industry-leading positions in the areas of research, corporate finance, mergers and acquisitions as well as sales and trading in equities and debt securities of financial services companies.

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

    Source: Hanmi Financial Corporation


  • Jul 19, 2012 Hanmi Financial Corp. Earned $55.8 Million with a Net Tax Benefit of $47.2 Million as a Result of Deferred Tax Asset Valuation Allowance Reveresal in 2Q 12

    Hanmi Financial Corp. Earned $55.8 Million with a Net Tax Benefit of $47.2 Million as a Result of Deferred Tax Asset Valuation Allowance Reveresal in 2Q 12

    Company Release - 07/19/2012 08:30

    LOS ANGELES--(BUSINESS WIRE)-- Hanmi Financial Corporation (NASDAQ: HAFC), the holding company for Hanmi Bank (the “Bank”), today reported second quarter net income of $55.8 million, or $1.77 per diluted share. Net income included pretax net income of $8.6 million, a 16% increase from $7.4 million in the first quarter of 2012, and a net tax benefit of $47.2 million resulting from a deferred tax asset (“DTA”) valuation allowance reversal. With multiple consecutive quarters of profitability and continued credit improvement, Hanmi was able to substantially reverse the valuation allowance recorded against its DTA, generating an income tax benefit of $53.1 million in the second quarter, offset by a current tax provision of $5.9 million. The reversal resulted in an increase in tangible book value to $11.02 per share at June 30, 2012, an increase of $1.74 per share, or 18.8%, compared to March 31, 2012. It is expected that an additional DTA valuation allowance reversal will occur in the next two quarters approximating an additional $10.1 million, for a total recognized DTA of approximately $63.2 million by year end. Year-to-date, net income in 2012 totaled $63.1 million, or $2.00 per diluted share. All per share results are adjusted to reflect the 1-for-8 reverse stock split, which became effective on December 19, 2011.

    “Hanmi’s return to profitability in the past seven quarters is a direct result of the successful execution of our strategic turnaround plan and led to the reversal of the valuation allowance against our DTA. Our confidence in the sustainability of our future profitability is reflected in the decision,” said Jay S. Yoo, President and Chief Executive Officer. “More importantly, the ongoing improvement in asset quality, expanding net interest margin, improving operating efficiencies and contributions for our SBA loan originations and sales were the real highlights of the second quarter.”


    Click here to view a PDF of the entire report.




  • Jul 09, 2012 Hanmi Financial Corporation Announces Second Quarter 2012 Conference Call and Webcast

    Hanmi Financial Corporation Announces Second Quarter 2012 Conference Call and Webcast

    Hanmi Financial Corporation Announces Second Quarter 2012 Conference Call and Webcast

    Company Release - 07/09/2012 16:00

    LOS ANGELES--(BUSINESS WIRE)-- Hanmi Financial Corporation (NASDAQ:HAFC), the holding company for Hanmi Bank, today announced that it will report second quarter 2012 results before the open of the stock market on Thursday, July 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 July 19 by dialing (480)-629-9645 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 4550848.

    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, EVP & Chief Financial Officer, 213-368-3200

    Source: Hanmi Financial Corporation

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