8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934

Date of Report: June 26, 2003
(Date of earliest event reported)

Hanmi Financial Corporation

(exact name of registrant as specified in its charter)

Delaware
(State or other jurisdiction
of incorporation or organization) 000-30421
(Commission File No.) 95-4788120
(I.R.S. Employer
Identification No.)

3660 Wilshire Blvd. PH-A
Los Angeles, California 90010
(Address of Principal executive offices, including zip code)

(213) 382-2200
(Registrant’s telephone number, including area code)

TABLE OF CONTENTS

	ITEM 5. Other Events.
	ITEM 7. Financial Statements and Exhibits
SIGNATURE
EXHIBIT INDEX
EXHIBIT 99.1

ITEM 5. Other Events.

On June 26, 2003, Hanmi Financial Corp. issued a press release announcing the appointment of Mr. Jae Whan Yoo as President and Chief Executive Officer of Hanmi Financial Corporation and Hanmi Bank. A copy of that press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.

ITEM 7. Financial Statements and Exhibits

Exhibit
Number	Description of Exhibit
99.1	Press Release of Hanmi Financial Corporation, dated June 26, 2003, announcing the appointment of Mr. Jae Whan Yoo as President and Chief Executive Officer of Hanmi Financial Corporation and Hanmi Bank.

SIGNATURE

     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized,

	Hanmi Financial Corporation
Date: June 27, 2003	By	/s/ YONG KU CHOE
	Name:	Yong Ku Choe
	Title:	Senior Vice President and
		Chief Financial Officer
		(principal financial and
		accounting officer)

EXHIBIT INDEX

Item No.	Description
99.1	Press Release of Hanmi Financial Corporation, dated June 26, 2003, announcing the appointment of Mr. Jae Whan Yoo as President and Chief Executive Officer of Hanmi Financial Corporation and Hanmi Bank.

EX-99.1 3 v91200exv99w1.txt EXHIBIT 99.1 EXHIBIT 99.1 HANMI FINANCIAL CORPORATION ANNOUNCES SELECTION OF JAE WHAN YOO AS CEO & PRESIDENT LOS ANGELES, CA, Jun. 26, 2003 (MARKET WIRE via COMTEX) -- The Board of Directors of Hanmi Financial Corporation ("Hanmi") (NASDAQ: HAFC) and its wholly-owned subsidiary Hanmi Bank (collectively referred to as the "Company") announced today that, effective July 1, 2003, Jae Whan Yoo has been selected as CEO & President of the Company. Mr. Yoo started his 27-year banking career at Bank of America in 1976. Subsequent to Bank of America, Mr. Yoo joined KorAm Bank where he was Executive Vice President at the time of his departure in 2001. Mr. Yoo is currently a director at Industrial Bank of Korea. "The Board has received a large number of applications of qualified individuals and gone through a rigorous selection process. In the end, we are quite pleased with the selection of Mr. Yoo as the Company's next CEO & President. We are confident that Mr. Yoo has the necessary banking expertise, management skills, experience and understanding of the position and the Company to take the Company to the next level in the coming years," stated Chang Kyu Park, Chairman. Mr. Yoo stated, "I am honored to be asked to assume the responsibilities of CEO & President and will work hard for our customers, shareholders and staff. My primary focus will be to continue Hanmi's focus on generating growth in assets and profits." About Hanmi Financial Corporation: Headquartered in Los Angeles, Hanmi Bank, a wholly owned subsidiary of Hanmi Financial Corporation, provides services to the multi-ethnic communities of Southern California, with 14 full-service offices in Los Angeles, Orange, San Diego and Santa Clara counties. Hanmi Bank specializes in commercial, SBA, trade finance and consumer lending, and is a recognized community leader. The Hanmi Bank's mission is to provide varied quality products and premier services to its customers and to maximize shareholder value. Forward-Looking Statements: This release may contain forward-looking statements, which are included in accordance with the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "potential," or "continue," or the negative of such terms and other comparable terminology. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. These statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ from those expressed or implied by the forward-looking statement. These factors include the following: difficulty in finding a suitable candidate to serve as permanent President of Hanmi and Hanmi Bank; general economic and business conditions in those areas in which the Company operates; demographic changes; competition for loans and deposits; fluctuation in interest rates; risks of natural disasters related to the Company's real estate portfolio; risks associated with SBA loans; changes in governmental regulation; credit quality; the availability of capital to fund the expansion of the Company's business; and changes in securities markets. Hanmi sets forth certain rights in its reports filed with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended December 31, 2002. Yong Ku Choe 213-368-3200 -----END PRIVACY-ENHANCED MESSAGE-----

EX-99.1

                                                                    EXHIBIT 99.1

       HANMI FINANCIAL CORPORATION ANNOUNCES SELECTION OF JAE WHAN YOO AS
                                CEO & PRESIDENT


LOS ANGELES, CA, Jun. 26, 2003 (MARKET WIRE via COMTEX) -- The Board of
Directors of Hanmi Financial Corporation ("Hanmi") (NASDAQ: HAFC) and its
wholly-owned subsidiary Hanmi Bank (collectively referred to as the "Company")
announced today that, effective July 1, 2003, Jae Whan Yoo has been selected as
CEO & President of the Company.

Mr. Yoo started his 27-year banking career at Bank of America in 1976.
Subsequent to Bank of America, Mr. Yoo joined KorAm Bank where he was
Executive Vice President at the time of his departure in 2001. Mr. Yoo is
currently a director at Industrial Bank of Korea.

"The Board has received a large number of applications of qualified individuals
and gone through a rigorous selection process. In the end, we are quite pleased
with the selection of Mr. Yoo as the Company's next CEO & President. We are
confident that Mr. Yoo has the necessary banking expertise, management skills,
experience and understanding of the position and the Company to take the Company
to the next level in the coming years," stated Chang Kyu Park, Chairman.

Mr. Yoo stated, "I am honored to be asked to assume the responsibilities of CEO
& President and will work hard for our customers, shareholders and staff. My
primary focus will be to continue Hanmi's focus on generating growth in assets
and profits."

About Hanmi Financial Corporation:

Headquartered in Los Angeles, Hanmi Bank, a wholly owned subsidiary of Hanmi
Financial Corporation, provides services to the multi-ethnic communities of
Southern California, with 14 full-service offices in Los Angeles, Orange, San
Diego and Santa Clara counties. Hanmi Bank specializes in commercial, SBA, trade
finance and consumer lending, and is a recognized community leader. The Hanmi
Bank's mission is to provide varied quality products and premier services to its
customers and to maximize shareholder value.

Forward-Looking Statements:


This release may contain forward-looking statements, which are included in
accordance with the "safe harbor" provisions of the Private Securities
Litigation Reform Act of 1995. In some cases, you can identify forward-looking
statements by terminology such as "may," "will," "should," "could," "expects,"
"plans," "intends," "anticipates," "believes," "estimates," "predicts,"
"potential," or "continue," or the negative of such terms and other comparable
terminology. Although we believe that the expectations reflected in the
forward-looking statements are reasonable, we cannot guarantee future results,
levels of activity, performance or achievements. These statements involve known
and unknown risks, uncertainties and other factors that may cause our actual
results, levels of activity, performance or achievements to differ from those
expressed or implied by the forward-looking statement. These factors include the
following: difficulty in finding a suitable candidate to serve as permanent
President of Hanmi and Hanmi Bank; general economic and business conditions in
those areas in which the Company operates; demographic changes; competition for
loans and deposits; fluctuation in interest rates; risks of natural disasters
related to the Company's real estate portfolio; risks associated with SBA loans;
changes in governmental regulation; credit quality; the availability of capital
to fund the expansion of the Company's business; and changes in securities
markets. Hanmi sets forth certain rights in its reports filed with the
Securities and Exchange Commission, including its Annual Report on Form 10-K for
the fiscal year ended December 31, 2002.

Yong Ku Choe
213-368-3200