Hanmi Bank

Hanmi Bank is an American community bank that focuses on the Korean-American community. It encompasses most of California and as of 2019 it has branches in California, Texas, Illinois, New York, New Jersey and Virginia.

Hanmi Financial Corporation
TypePublic
NASDAQ: HAFC
S&P 600 Component
IndustryBanking
Founded1982
HeadquartersLos Angeles, California
Key people
Bonnie Lee, president and chief executive officer
Revenue$5.57 billion
Number of employees
611
Korean name
Hangul
한미은행
Hanja
韓美銀行
Revised RomanizationHanmi Eunhaeng
McCune–ReischauerHanmi Ŭnhaeng
Websitehanmi.com

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. Originally it was founded to serve the Korean-American community but has expanded far beyond that.

The bank was founded by George S. Chey [1] who served as Chairman of the Board for 10 years after its startup.

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 2014, it acquired United Central Bank. [2]

References
  1. {{Cite news|url = http://investors.hanmi.com/Cache/1471990.PDF?O=PDF&T=&Y=&D=&FID=1471990&iid=4054775
  2. "Hanmi Financial Corp. Acquires United Central Bank". Los Angeles Business Journal. Retrieved 14 April 2020.
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