Hanmi_Bank

Hanmi Bank

Hanmi Bank

Community bank based in Los Angeles

Hanmi Bank is a community bank headquartered in Los Angeles, California, with 35 branches and eight loan production offices in California, Texas, Illinois, New York, New Jersey and Virginia.

Quick Facts Company type, Traded as ...

Hanmi Bank specializes in real estate, commercial, Small Business Administration loans and trade finance lending to small and middle market businesses. It is a wholly owned subsidiary of Hanmi Financial Corporation, Inc.

History

The bank was established in 1982. Originally it was founded to serve the Korean American community in Los Angeles.[1]

The bank was founded by George S. Chey,[2] who served as Chairman of the Board for 10 years after its startup.

In 1987, the Hanmi Bank conducted its IPO and is listed on Nasdaq.[citation needed]

The bank bought the First Global Bank and the Pacific Union Bank and the Chun Ha Insurance Agency.[when?] In 2001, the company listed on Nasdaq. Subsequently, the bank expanded to include insurance and wealth management services.[citation needed]

In 2014, it acquired United Central Bank.[3]

In 2015, it dropped its bid to acquire the larger BBCN Bancorp, paving the way for BBCN to merge with another Koreatown rival, Wilshire Bancorp, as Bank of Hope.[4]

References

  1. [1]
    "COMPARATIVE ANALYSIS OF KOREAN BANKS' PERFORMANCE". Scholarworks.calstate.edu. Retrieved 24 July 2022.
  2. [2]
    [permanent dead link]
  3. [3]
    "Hanmi Financial Corp. Acquires United Central Bank". Los Angeles Business Journal. Retrieved 14 April 2020.
  4. [4]
    James Rufus Koren (December 17, 2015). "Hanmi bank withdraws bid for rival Koreatown lender". Los Angeles Times.
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