Hanmi Bank

Hanmi Financial Corporation
Public
Traded as NASDAQ: HAFC
S&P 600 Component
Industry Banking
Founded 1982
Headquarters Los Angeles, California
Key people
 C. G. Kum, president and chief executive officer
Revenue $100 million
Number of employees
 470
Website www.hanmi.com
Hanmi Bank
Hangul 한미은행
Hanja 韓美銀行
Revised Romanization Hanmi Eunhaeng
McCune–Reischauer Hanmi Ŭnhaeng

Hanmi Bank is an American community bank that focuses on the Korean-American community. It encompasses most of California and as of 2008 it owned and operated approximately twenty-two branches.

Hanmi Bank, which offers both personal and business financial services, is a wholly owned subsidiary of Hanmi Financial Corporation, Inc.

History

The bank was established in 1982 and expanded very quickly after its inception. Five years after opening its doors the Hanmi Bank conducted its IPO and is listed on NASDAQ.

Throughout its history the bank has bought and acquired several companies such as the First Global Bank as well as the Pacific Union Bank and the Chun Ha Insurance Agency. In 2001, the company listed on the NASDAQ. Subsequently, the bank expanded to include Insurance and Wealth Management services.

In 2005, Hanmi Bank named Korean American economic forecaster Sung Won Sohn as its CEO.[1] He retired from that position in 2007.[2]

On May 21, 2018, Hanmi Bank had entered into an agreement to acquire Southwestern National Bank in order to expand its footprint in important Asian-American markets in Texas.[3]

References

  1. ↑ Reckard, E. Scott (2005-01-04), "Sohn Expected to Shine over Hanmi Financial", Los Angeles Times, retrieved 2012-06-12
  2. ↑ "Korean-American bank Hanmi says CEO Sohn retires", Reuters, 2007-12-27, retrieved 2012-06-12
  3. ↑ https://finance.yahoo.com/news/hanmi-financial-corporation-announces-agreement-120000392.html
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