Hanmi News

  • 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.

  • Apr 12, 2011 Hanmi Bank Teams Up with Shin-Soo Choo of the Cleveland Indian

    Hanmi Bank Teams Up with Shin-Soo Choo of the Cleveland Indian

    LOS ANGELES, Apr 12, 2011 (GlobeNewswire via COMTEX) -- 
    Hanmi Financial Corporation (Nasdaq:HAFC), the holding company for Hanmi Bank announced that Shin-Soo Choo of the Cleveland Indians will serve as the bank's marketing spokesperson. 

    Choo and Hanmi's executive management team conducted a press conference at the Oxford Palace Hotel in Los Angeles to promote the sponsorship. 

    "We are very excited to commence a relationship with one of baseball's premier players," said Jay S. Yoo, President and Chief Executive Officer. "Mr. Choo's fine reputation and philanthropic nature has made him a role model in the Korean-American community and beyond. Hanmi Bank has also built its brand on serving its community and beyond, and so we find Mr. Choo, a Korean-born major league baseball player, a perfect match to be our spokesperson." 

    In 2009, Choo became the first Asian to reach a 20-20 club of 20 home runs and 20 stolen bases with a batting average of .300. He reached the 20-20 club for the second straight year in 2010. He also led the American League right fielders in assists with 14. "I'm excited to partner with a premier Korean-American bank," said Choo. "Hanmi Bank shares my passion for continued growth and results. Their commitment to excellence mirrors my approach to baseball, and I look forward to working with them as a leading Korean-American Bank."


  • Jan 20, 2011 NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS

    NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS

    All funds in a "noninterest-bearing transaction account" are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010,  through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC's general deposit insurance rules.

    The term "noninterest-bearing transaction account" includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It also includes Interest on Lawyers Trust Accounts ("IOLTAs"). It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, and money-market deposit accounts.

    For more information about temporary FDIC insurance coverage of transaction accounts, visit ww.fdic.gov.

  • Jul 30, 2010 Hanmi Bank Successfully Raises Capital

    Hanmi Bank Successfully Raises Capital

    Hanmi Financial Corporation Announces Successful Closing of Offerings

    LOS ANGELES, Jul 27, 2010 (GlobeNewswire via COMTEX)

    Hanmi Financial Corporation (Nasdaq:HAFC), the holding company for Hanmi Bank, today reported that it has successfully completed its rights and best efforts public offerings. Hanmi raised approximately $47 million in the rights offering and $73 million in the best efforts public offering, for an aggregate total raised in the offerings of $120 million.

    "We are extremely pleased with the successful closing of the offerings, and we intend to use the proceeds to satisfy the bank regulatory requirement of contributing at least $100 million of the net proceeds from the offerings to Hanmi Bank by July 31," stated Jay S. Yoo, President and Chief Executive Officer.

    Cappello Capital Corp. acted as Hanmi's financial advisor in connection with the rights offering and as its exclusive placement agent in connection with the best efforts public offering.

    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 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. 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: failure on or about July 26, 2010 to close on any or all of the remaining amount available in the best efforts public offering; inability to consummate the proposed transaction (the "Transaction") with Woori Finance Holdings Co. Ltd. ("Woori") on the terms contemplated in the Securities Purchase Agreement entered into with Woori on May 25, 2010; failure to receive regulatory or stockholder approval for the Transaction; inability to continue as a going concern; 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 the Company; 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 attached as an Exhibit to a Current Report on Form 8-K filed with the SEC on June 18, 2010, and 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.

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

    To view the full financial report, click here.

    SOURCE: Hanmi Bank

    CONTACT: Hanmi Financial Corporation Brian E. Cho, Chief Financial Officer (213) 368-3200 David Yang, Investor Relations and Corporate Planning (213) 637-4798

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