Hanmi News

  • 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


  • Nov 08, 2011 Hanmi Bank and Woori Bank Launch Business Alliance Programs

    Hanmi Bank and Woori Bank Launch Business Alliance Programs

    LOS ANGELES, Nov 8, 2011 (GlobeNewswire via COMTEX) --

    Hanmi Financial Corporation (Nasdaq:HAFC), the holding company for Hanmi Bank, today announced that it is starting to implement its business alliance programs with Woori Finance Holdings ("Woori"), the holding company for Woori Bank, in the areas of VIP customer services, private banking, personnel training and benchmark studies.

    "We have identified a number of programs to implement that will enhance and expand services for both banks' top-tier customers," said Jay S. Yoo, President and Chief Executive Officer. "We believe taking these first steps to establish programs under the formal business alliance we initiated this summer will bring excellent benefits to both of our institutions." The strategic business alliance was signed June 15, 2011, between Hanmi Financial Corporation and Woori Finance Holdings.

    The four specific programs that Hanmi Bank and Woori Bank have agreed to launch are as follows:

    • VIP customer services where Hanmi Bank and Woori Bank will provide investment consulting, free safe deposit boxes and favorable foreign exchange rate and international remittance fees on a reciprocal basis for VIP customers;
    • Woori Bank's private banking team will host an annual seminar for Hanmi Bank's VIP customers and provide private consulting services following the event;
    • Woori Bank will allow Hanmi Bank personnel to participate in professional technical training and service training programs that are regularly offered to Woori Bank's frontline personnel;
    • Woori Bank will facilitate Hanmi in performing benchmark studies in a variety of disciplines including private banking, enterprise risk management, performance measurements for profit and cost centers and incentive programs.

    "As one of Korea's largest financial institutions, Woori brings substantial resources, deep banking expertise and an expansive branch network to our alliance," said Yoo. "We firmly believe launching these programs will open even more opportunities for collaborative initiatives. We are very pleased to take this important first step towards building a true business partnership between Hanmi Bank and Woori Bank, and look forward to implementing future alliance programs in the next two quarters."


  • Oct 28, 2011 Hanmi Earns $4.2 Million and Reports Earnings per Share of $0.03 in 3Q11

    Hanmi Earns $4.2 Million and Reports Earnings per Share of $0.03 in 3Q11


    Improving Credit Metrics, Higher Net Interest Margin, and Better Efficiency Contribute to Profits

    LOS ANGELES, Oct 20, 2011 (GlobeNewswire via COMTEX) --

    Hanmi Financial Corporation (Nasdaq:HAFC), the holding company for Hanmi Bank (the "Bank"), today reported net income of $4.2 million, or $0.03 per diluted common share, for the third quarter of 2011. Hanmi's performance marks the fourth consecutive profitable quarter following the $8.0 million, or $0.05 per diluted common share, earned in the second quarter of 2011. In the first nine months of 2011, Hanmi earned $22.6 million, or $0.15 per diluted common share, compared to a loss of $93.3 million, or $1.24 per common share, in the first nine months of 2010.

    "Hanmi's continuing profitability in the third quarter further demonstrates the strength of our core franchise and sustainable improvements in the overall condition of the Bank," said Jay S. Yoo, President and Chief Executive Officer. "Improvements in key asset quality measures, liquidation of problem assets, and contributions from SBA loans and investment sales highlight the third quarter profitable results."

    Please click here for the full release

  • Oct 20, 2011 Improving Credit Metrics, Higher Net Interest Margin, and Better Efficiency Contribute to Profits

    Improving Credit Metrics, Higher Net Interest Margin, and Better Efficiency Contribute to Profits

    LOS ANGELES, Oct 20, 2011 (GlobeNewswire via COMTEX) --

    Hanmi Financial Corporation (Nasdaq:HAFC), the holding company for Hanmi Bank (the "Bank"), today reported net income of $4.2 million, or $0.03 per diluted common share, for the third quarter of 2011. Hanmi's performance marks the fourth consecutive profitable quarter following the $8.0 million, or $0.05 per diluted common share, earned in the second quarter of 2011. In the first nine months of 2011, Hanmi earned $22.6 million, or $0.15 per diluted common share, compared to a loss of $93.3 million, or $1.24 per common share, in the first nine months of 2010.

    "Hanmi's continuing profitability in the third quarter further demonstrates the strength of our core franchise and sustainable improvements in the overall condition of the Bank," said Jay S. Yoo, President and Chief Executive Officer. "Improvements in key asset quality measures, liquidation of problem assets, and contributions from SBA loans and investment sales highlight the third quarter profitable results." 

    Please click here for the full release

  • Oct 11, 2011 Lonny Robinson Joins Hanmi Financial as Interim Chief Financial Officer

    Lonny Robinson Joins Hanmi Financial as Interim Chief Financial Officer

    LOS ANGELES, Oct 11, 2011 (GlobeNewswire via COMTEX) --

    Hanmi Financial Corporation (Nasdaq:HAFC), the holding company for Hanmi Bank, today announced that Lonny D. Robinson, age 54, will join its executive management team as Interim Chief Financial Officer of Hanmi Financial Corporation ("Hanmi") and Hanmi Bank (the "Bank"), effective October 14, 2011. Mr. Robinson will serve as Interim Chief Financial Officer pending final bank regulatory approval. Mr. Robinson succeeds Brian Cho, who is retiring as Executive Vice President and Chief Financial Officer, effective October 14, 2011. Mr. Cho's retirement is unrelated to the financial condition or financial reporting of Hanmi or the Bank.

    "We are extremely fortunate to have Lonny join our executive team," said Jay S. Yoo, President and Chief Executive Officer. "Lonny is a seasoned industry veteran with in-depth knowledge of the banking industry and public ownership sector. His individual expertise and demonstrated leadership will bring a unique perspective on issues that will be of great value to our institution as we position ourselves for future success."

    "We also wish to thank Brian for his dedication and service over the past few years," continued Yoo. "Brian's superior business and financial acumen were extremely important in guiding us through the recent economic downturn."

    "I am excited to be returning to Southern California and working with the Hanmi management team to create a dynamic and market-leading franchise in the region," said Mr. Robinson. "I am confident the opportunities in the Korean American banking arena have great potential for Hanmi Bank."

    Mr. Robinson brings over 25 years of banking experience, and has previously served as chief financial officer for a number of community banks throughout the United States, most notably as CFO for Center Financial for three years. Mr. Robinson is experienced in SEC reporting for public companies, raising capital, merger and acquisitions, FDIC assisted transactions, investment portfolio management, enterprise risk management, and regulatory affairs. Prior to embarking on his banking career, Mr. Robinson was a CPA with Ernst & Young specializing in banks and small business audits.

    As a graduate of Westminster College in New Wilmington, Pennsylvania in accounting, Mr. Robinson also attended Executive Bank Management Schools at the University of Georgia and the University of Texas.

    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.

    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

  • Aug 29, 2011 Free Wire Transfer Service

    Free Wire Transfer Service

    In order to celebrate Korean Thanksgiving, Hanmi Bank is pleased to offer a Free Wire Transfer service to Korea, Hong Kong and China. 

    The free wire transfer service will be available from September 6~ September 12, 2011 at all 27 Hanmi Bank branches. 

    Hanmi Bank customers can send free wire transfer to the above regions without any transfer amount limitation. Non-Hanmi Bank customers can send up to $1,000  (cash only) during the offer period. All standard fee will apply after the promotion expiration date. 

    Free wire transfer service only applies to Hanmi Bank personal wire transfer service fee. Business wire transfer fee will not be waived.

  • Jul 13, 2011 Hanmi Financial Corporation Announces Second Quarter 2011 Conference Call and Webcast

    Hanmi Financial Corporation Announces Second Quarter 2011 Conference Call and Webcast

    LOS ANGELES, Jul 13, 2011 (GlobeNewswire via COMTEX) --

    Hanmi Financial Corporation (Nasdaq:HAFC), the holding company for Hanmi Bank, today announced that it will report second quarter results before the open of the stock market on Thursday, July 21, 2011. Management will host a conference 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 July 21 by dialing (857) 350.1684 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 #15398023 where it will be archived until August 11, 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 at www.hanmi.com.


  • Jun 20, 2011 Hanmi Financial Corporation Announces Common Stock Offering

    Hanmi Financial Corporation Announces Common Stock Offering

    LOS ANGELES, Jun 20, 2011 (GlobeNewswire via COMTEX) -- Hanmi Financial Corporation (the "Company") (Nasdaq:HAFC), the parent company of its wholly-owned subsidiary Hanmi Bank, today announced that it has commenced an underwritten public offering of approximately $75 million of its common stock. FBR Capital Markets & Co. will act as sole book-running manager in connection with this public offering. The Company expects to grant the underwriter a 30-day option to purchase up to $11.25 million of 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 and 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.

    Please click here for full version of the news release.

  • Jun 02, 2011 Hanmi Neighbor conducts Toiletry Drive to help the homeless

    Hanmi Neighbor conducts Toiletry Drive to help the homeless


    June 2, 2011, Los Angeles- Hanmi Neighbor, Hanmi Bank’s corporate social responsibility program launched a Toiletry Drive to help the homeless residing in Los Angeles area

    Collected items from Hanmi Neighbor’s Toiletry Drive will be donated to Los Angeles Mission, a non-profit organization dedicated to helping the homeless. Hanmi Neighbor committee member Jenny Park stated that “While food and monetary donation is always needed to help the homeless, we wanted to remind the community that they need daily toiletry items just as much. Items such as toothpaste and shampoo are something many household stock up on; this will be a great event that everyone can easily participate in.”

     

    Any new and unused personal care items can be donated. Items include, tooth brush, tooth paste, soap, body wash, shampoo/conditioner, nail clipper, deodorant/antiperspirant, hair gel, hair brush.

     

    Donation bin is located in every Hanmi Bank branch. Toiletry Drive will continue until June 17, 2011.

     

    About Hanmi Neighbor:

    Founded in 2007, Hanmi Neighbor is Hanmi Bank’s corporate social responsibility program founded to developing a stronger relationship with the community we serve. Hanmi Neighbor works to identify volunteer opportunities where all of our employees and customers can be involved in helping the community. It is also dedicated to raising community awareness and providing financial support to organizations to non-profit organizations as well. Throughout the years, Hanmi Neighbor has conducted many events including blood drive, food & book collection events as well as participate in graffiti/trash removal and tree planting.

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