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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.
 | |
| 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 CEO) |
| 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.
In 2023, Hanmi Bank was ranked #9 on Bank Director's Top 25 U.S. Banks list.[1]
History
editThe bank was established in 1982. Originally it was founded to serve the Korean American community in Los Angeles.[2]
The bank was founded by George S. Chey,[3] 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.[4]
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.[5]
References
edit- ^ Research Group, Bank Director (August 14, 2023). "2023 RankingBanking: The Best Banks Played Defense" (PDF). Bank Director. Retrieved May 17, 2024.
- ^ "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.
External links
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