0001193125-11-178070.txt : 20110630 0001193125-11-178070.hdr.sgml : 20110630 20110630083126 ACCESSION NUMBER: 0001193125-11-178070 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20110630 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20110630 DATE AS OF CHANGE: 20110630 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HANMI FINANCIAL CORP CENTRAL INDEX KEY: 0001109242 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 954788120 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-30421 FILM NUMBER: 11940575 BUSINESS ADDRESS: STREET 1: 3660 WILSHIRE BLVD SUITE PH-A CITY: LOS ANGELES STATE: CA ZIP: 90010 BUSINESS PHONE: 2133822200 8-K 1 d8k.htm FORM 8-K Form 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

June 30, 2011

Date of Report (date of earliest event reported)

 

 

HANMI FINANCIAL CORPORATION

(exact name of registrant as specified in its charter)

 

 

 

Delaware   Commission File Number   95-4788120

(state or other jurisdiction of

incorporation or organization)

  000-30421  

(I.R.S. Employer

Identification Number)

 

 

3660 Wilshire Boulevard, Ph-A

Los Angeles, California 90010

(Address of principal executive offices, including zip code)

(213) 382-2200

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 


Item 8.01. Other Events.

On June 30, 2011, Hanmi Financial Corporation (the “Company”) issued a press release announcing that it elected not to proceed with the its previously announced public offering of common stock. A copy of the press release is attached hereto as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

 

Number   

  Description

99.1      Press release dated June 30, 2011.

 

2


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
  (Registrant)
   
June 30, 2011   By:  

/S/ JAY S. YOO

    Jay S. Yoo
    President and Chief Executive Officer

 

3


INDEX TO EXHIBITS

 

Number   

  Description

99.1      Press release dated June 30, 2011.

 

4

EX-99.1 2 dex991.htm PRESS RELEASE Press Release

Exhibit 99.1

LOGO

CONTACT INFORMATION:

David Yang — (213) 637-4798

www.hanmibank.com

Hanmi Financial Corporation Elects Not To Proceed

With Common Stock Offering

Based Upon Pricing Considerations

•    Offering was fully subscribed with excess demand

•    Market environment created unfavorable pricing

LOS ANGELES, June 30, 2011 (GLOBE NEWSWIRE) — Hanmi Financial Corporation (the “Company”) (Nasdaq: HAFC), the parent company of its wholly-owned subsidiary Hanmi Bank (the “Bank”), today announced that it elected not to proceed with its planned public offering of common stock.

“Although the offering was fully subscribed, and there was excess demand for our stock, our Board of Directors was not satisfied with the current pricing offered and did not believe it to be in the best interests of our shareholders to consummate the offering at this time. Recent market volatility, particularly as it affects financial stocks, has created an environment in which many stocks are undervalued , including, we believe, our Company’s shares,” said Jay Yoo, President and CEO.

“Because we currently have a strong capital position, we have decided to wait for an improved market environment,” continued Yoo. “In the meantime, Hanmi continues to emerge from this credit cycle with a stronger balance sheet than a year ago, and we anticipate our operating performance, capital strength and asset quality will continue to show gradual improvement.” At March 31, 2011, Hanmi Financial’s capital ratios remained strong with total risk based capital to assets at 13.05% up from 12.22% at the end of 2010.

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 California, with 27 full-service offices in Los Angeles, Orange, San Bernardino, San Francisco, Santa Clara and San Diego counties, and a loan production office in Washington State. Hanmi Bank specializes in commercial, SBA and trade finance lending, and is a recognized community leader. Hanmi Bank’s mission is to provide a full range of quality products and premier services to its customers and to maximize shareholder value. Additional information is available at www.hanmi.com.

Forward-Looking Statements

This news release contains forward-looking statements for which the Company claims the protection of the safe harbor contained in the Private Securities and Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties. A number of factors, many of which are beyond the Company’s ability to control or predict, could cause future results to differ materially from those contemplated by such forward-looking statements. The Company’s Annual Report on Form 10-K and other SEC filings discuss the most significant risk factors that may affect its business, results of operations and financial condition. The Company undertakes no obligation to revise or update publicly any forward-looking statements for any reason.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission and remains effective until it is cancelled or expires. This release shall not constitute an offer to sell or the solicitation of


an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state.

-0-

Note: Transmitted on GlobeNewswire on June 30, 2011, at 3:30 a.m. PDT.

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