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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.
Company type | Public |
---|---|
Nasdaq: HAFC S&P 600 Component | |
Industry | Banking |
Founded | 1982 |
Headquarters | Los Angeles, California, United States |
Key people | Bonnie Lee, president and chief executive officer |
Revenue | $5.57 billion[citation needed] |
Number of employees | 611 |
Korean name | |
Hangul | 한미은행 |
Hanja | 韓美銀行 |
Revised Romanization | Hanmi Eunhaeng |
McCune–Reischauer | Hanmi Ŭnhaeng |
Website | hanmi |
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 edit
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 edit
- ^ "COMPARATIVE ANALYSIS OF KOREAN BANKS' PERFORMANCE". Scholarworks.calstate.edu. Retrieved 24 July 2022.
- ^ [1] [permanent dead link]
- ^ "Hanmi Financial Corp. Acquires United Central Bank". Los Angeles Business Journal. Retrieved 14 April 2020.
- ^ James Rufus Koren (December 17, 2015). "Hanmi bank withdraws bid for rival Koreatown lender". Los Angeles Times.