Hanmi Bank
{{Short description|Community bank based in Los Angeles}}
{{More citations needed|date=July 2022}}
{{Infobox company
| name = Hanmi Financial Corporation
| logo = Hanmi_Bank_Logo.svg
| type = Public
| traded_as = {{NASDAQ|HAFC}}
S&P 600 Component
| foundation = {{start date and age|1982}}
| location = Los Angeles, California, United States
| key_people = Bonnie Lee (president and CEO)
| num_employees = 611
| industry = Banking
| revenue = $5.57 billion{{citation needed|date=July 2022}}
| homepage = {{url|hanmi.com }}
| module = {{Infobox Korean name
| child = yes
| hangul = 한미은행
| hanja = 韓美銀行
| mr = Hanmi Ŭnhaeng
| rr = Hanmi Eunhaeng}}
}}
Hanmi Bank Corporation 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.
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.
In 2023, Hanmi Bank was ranked #9 on Bank Director's Top 25 U.S. Banks list.{{Cite news |last=Research Group |first=Bank Director |date=August 14, 2023 |title=2023 RankingBanking: The Best Banks Played Defense |url=https://www.bankdirector.com/wp-content/uploads/Top-25-Ranking.pdf |access-date=May 17, 2024 |work=Bank Director}}
History
The bank was established in 1982. Originally it was founded to serve the Korean American community in Los Angeles.{{cite web|url=https://scholarworks.calstate.edu/downloads/44558g65q|title=COMPARATIVE ANALYSIS OF KOREAN BANKS' PERFORMANCE|website=Scholarworks.calstate.edu|access-date=24 July 2022}}
The bank was founded by George S. Chey,[http://investors.hanmi.com/Cache/1471990.PDF?O=PDF&T=&Y=&D=&FID=1471990&iid=4054775] {{dead link|date=July 2022|fix-attempted=yes}} 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|date=June 2020}}
The bank bought the First Global Bank and the Pacific Union Bank and the Chun Ha Insurance Agency.{{when|date=July 2022}} In 2001, the company listed on Nasdaq. Subsequently, the bank expanded to include insurance and wealth management services.{{Citation needed|date=June 2020}}
In 2014, it acquired United Central Bank.{{cite news |title=Hanmi Financial Corp. Acquires United Central Bank |url=https://labusinessjournal.com/news/2014/sep/02/hanmi-financial-corp-acquires-united-central-bank/ |access-date=14 April 2020 |agency=Los Angeles Business Journal}}
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.{{cite news | url = https://www.latimes.com/business/la-fi-hanmi-withdrawal-20151217-story.html | title = Hanmi bank withdraws bid for rival Koreatown lender | author = James Rufus Koren | newspaper = Los Angeles Times | date = December 17, 2015}}
References
{{Reflist}}
External links
- [https://www.hanmi.com/ Hanmi Bank: Personal, Business, and Online Banking Services]
{{Korean American banks}}
{{Authority control}}
Category:Companies listed on the Nasdaq
Category:Banks established in 1982
Category:Banks based in California
Category:Companies based in Los Angeles
Category:Korean-American culture in Los Angeles
Category:Korean-American banks
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