| Business Summary | | Hanmi
Financial
Corporation
is
the
holding
company
for
Hanmi
Bank.
Hanmi
Bank
is
a
community
bank
conducting
general
business
banking
with
its
primary
market
encompassing
Los
Angeles,
Orange
and
San
Diego
counties.
Hanmi
Bank's
11
full-service
offices
are
located
in
business
areas
where
many
of
the
businesses
are
run
by
immigrants
and
other
minority
groups,
and
its
client
base
reflects
the
multi-ethnic
composition
of
these
communities.
Of
its
11
offices,
Hanmi
Bank
opened
eight
as
de
novo
branches
and
acquired
the
other
three
through
acquisition.
On
September
30,
1998,
Hanmi
Bank
acquired
First
Global
Bank,
f.s.b.,
Los
Angeles,
California.
First
Global
Bank
had
one
branch
located
in
Los
Angeles,
one
branch
located
in
Cerritos
and
one
branch
located
in
Rowland
Heights,
in
California.
Lending
activities
include
commercial
loans,
Small
Business
Administration-guaranteed
loans,
real
estate
construction
loans,
commercial
real
estate
loans,
residential
mortgage
loans
and
consumer
loans. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Hanmi
Financial
Corp.
is
a
registered
bank
holding
company
of
Hanmi
Bank,
which
is
a
California
state-chartered
FDIC-insured
financial
institution.
For
the
six
months
ended
6/30/01,
interest
income
rose
24%
to
$40.2
million.
Net
interest
income
after
LLP
rose
12%
to
$21
million.
Net
income
rose
10%
to
$8.2
million.
Net
interest
income
reflects
an
increase
in
loans,
partially
offset
by
an
increase
in
deposits.
Net
income
reflects
a
decrease
in
SBA
loan
sales. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Joseph Rho, 60 Chairman | -- | Chung Youk, 52 Pres,
CEO, Director | $222K | Yong Choe, 57 CFO,
Sr. VP | 137K | Jung Chang, 60 Sr.
VP and Chief Retail Lending Officer | 139K | Wun Choi, 41 Sr.
VP and CLO | 122K | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|