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Hanmi Financial Corp. (HAFC) is “One to Watch”
Hanmi Financial Corporation, parent company of Hanmi Bank, a wholly-owned subsidiary, announced on June 20 that it has commenced a public offering of approximately $75 million in common stock. Hanmi Bank will use most of the proceeds from the offering to support future organic and acquisition driven growth.
Headquartered in Los Angeles, Hanmi Bank provides banking services to much of California, through 27 full-service offices, plus a loan office near Seattle, Washington. Hanmi Financial was established in 2000, but Hanmi Bank was founded in 1982. Originally aimed at the Korean-American Community, Hanmi Bank has grown to become the largest Korean-American Bank in the country, and has the fastest growing nationwide presence of any Korean-American bank. Today the bank is considered a leading community bank serving multi-ethnic customers in the Los Angeles, San Francisco, and San Diego areas. The bank specializes in commercial, SBA, trade finance, and consumer lending.
FBR Capital Markets & Co. will act as sole book-running manager for the public offering. Hanmi Financial expects to grant the underwriter a 30-day option to purchase up to $11.25 million of additional common stock for over-allotments, if any.
For additional information, visit the company’s website at www.Hanmi.com
