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 (Date of earliest event reported): December 4, 2012
Hanmi Financial Corporation
(Exact name of registrant as specified in its charter)
Delaware (State or other jurisdiction of incorporation) |
000-30421 (Commission File Number) |
95-4788120 (IRS Employer Identification No.) |
3660 Wilshire Boulevard, Ph-A
Los Angeles, California 90010
(Address of principal executive offices) (Zip Code)
Registrants telephone number, including area code: (213) 382-2200
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 December 6, 2012, Hanmi Financial Corporation (Hanmi) announced that the Federal Reserve Bank of San Francisco (the FRB) has informed Hanmi and Hanmi Bank (the Bank) that the Written Agreement entered into between Hanmi, the Bank, and the FRB on November 2, 2009 (the Written Agreement) has been terminated, effective December 4, 2012. Accordingly, the Bank is no longer subjected to any of the requirements imposed by the Written Agreement. A copy of the press release announcing the termination of the Written Agreement by the FRB is attached hereto as Exhibit 99.1.
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Item 9.01. Financial Statements and Exhibits.
(d) | Exhibits. |
Exhibit No. |
Description | |
99.1 | Press release issued by Hanmi Financial Corporation, dated December 6, 2012, announcing the termination of the Written Agreement by the FRB. |
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SIGNATURES
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: December 6, 2012 | By: | /s/ Jay S. Yoo | ||||
Name: Jay S. Yoo | ||||||
Title: President and Chief Executive Officer |
EXHIBIT INDEX
Exhibit No. |
Description | |
99.1 | Press release issued by Hanmi Financial Corporation, dated December 6, 2012, announcing the termination of the Written Agreement by the FRB. |
Exhibit 99.1
Hanmi Financial Corporation Announces the Lifting of Regulatory Enforcement Actions
by the Federal Reserve Bank of San Francisco
LOS ANGELES December 6, 2012 Hanmi Financial Corporation (NASDAQ: HAFC) (Hanmi), the holding company for Hanmi Bank (the Bank), today announced that the Federal Reserve Bank of San Francisco (the FRB) has informed Hanmi and the Bank that the Written Agreement entered into between Hanmi, the Bank and the FRB on November 2, 2009 (the Written Agreement) has been terminated, effective December 4, 2012. As a result, with the recent lifting of the Memorandum of Understanding with the California Department of Financial Institutions on October 29, 2012 and todays termination of the Written Agreement, the Bank is no longer subject to any ongoing enforcement actions.
We are pleased to report the termination of the Written Agreement with the Federal Reserve Bank of San Francisco and leave our regulatory issues behind us. This important step confirms that our efforts to improve our financial condition have been successful and we will continue to effectively manage our capital and credit, said Jay Yoo, President and Chief Executive Officer of Hanmi. I would like to thank the entire Hanmi team for their dedicated contributions. We are now a much stronger company and look forward to upcoming challenges and opportunities.
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 Banks mission is to provide a full range of quality products and premier services to its customers and to maximize stockholder value. Additional information is available at www.hanmi.com.
Contact:
Hanmi Financial Corporation
David Yang
Vice President & Corporate Strategy Officer
(213) 637-4798
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