Hanmi Bank
Community bank based in Los Angeles
From Wikipedia, the free encyclopedia
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 |
| RR | Hanmi eunhaeng |
| MR | 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
The 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]
