8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 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): August 16, 2005

CENTER FINANCIAL CORPORATION

(Exact Name of Registrant as Specified in its Charter)

California	000-50050	52-2380548
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

3435 Wilshire Boulevard, Suite 700 Los Angeles, California	90010
(Address of Principal Executive Office)	(Zip Code)

(213) 251-2222

(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 (see General Instruction A.2. below):

¨ 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 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

On August 18, 2005, Center Financial Corporation (the “Company”) issued a press release announcing that the Company received a notice on August 16, 2005 from the staff of The Nasdaq Stock Market that stated that because the Company’s Form 10-Q for the 2005 second quarter did not include a review by the Company’s independent auditors or certifications of the Company’s chief executive officer and chief financial officer, the Company did not comply with Nasdaq Marketplace Rule 4310(c)(14) and, accordingly, the Company’s securities are subject to delisting from the Nasdaq National Market. In addition, due to the Company’s filing delinquency, as of the opening of business on August 18, 2005, the fifth character “E” will be appended to the Company’s trading symbol. Accordingly, the trading symbol for Center Financial will be changed from CLFC to CLFCE.

The Company will request a hearing before the Nasdaq Listing Qualifications Panel to review the Staff Determination, which will stay the delisting until the appeal has been heard and the Panel has rendered its decision. There can be no assurance that the Panel will grant the Company’s request for continued listing on The Nasdaq National Market.

A copy of the press release is attached 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

(c) The following exhibit is furnished herewith:

Exhibit No.	Description
99.1	Press Release dated August 18, 2005.

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.

	CENTER FINANCIAL CORPORATION
Date: August 18, 2005	By:	/s/ PATRICK HARTMAN
		Patrick Hartman
		Chief Financial Officer
		(Principal Accounting Officer, and officer authorized to sign on behalf of registrant)

EXHIBIT INDEX

Exhibit No.	Description
99.1	Press Release dated August 18, 2005.

EX-99.1

EXHIBIT 99.1

News Release

Contacts:	Patrick Hartman	Angie Yang/Roger Pondel
	Chief Financial Officer	Investor Relations
	213.401.2311	PondelWilkinson Inc.
		310.279.5980
		investor@pondel.com

CENTER FINANCIAL RECEIVES NASDAQ NOTIFICATION

LOS ANGELES, CA – August 18, 2005 – Center Financial Corporation (NASDAQ NM: CLFC) today announced that it received a Nasdaq Staff Determination that the Company was not in compliance with Marketplace Rule 4310(c)(14) because its recently filed Form 10-Q for the 2005 second quarter did not include a review by the Company’s independent auditors or certifications of the Company’s chief executive officer and chief financial officer, as required by the Securities and Exchange Commission (SEC), and that its securities are, therefore, subject to delisting from the Nasdaq National Market.

As previously announced, the Company intends to restate its financial statements for the years ended December 31, 2004, 2003 and 2002 and certain quarters during those years. As a result of such restatement, the Company’s current independent public auditor has not yet been able to complete its review of the financial statements included in the Company’s 2005 second quarter Form 10-Q as required by SEC rules, and consequently the 2005 second quarter Form 10-Q omitted the certifications of the Company’s chief executive officer and chief financial officer. Center Financial indicated that an amended filing would be made after the audit and review are appropriately completed.

The Company will request a hearing before the Nasdaq Listing Qualifications Panel to review the Staff Determination, which will stay the delisting until the appeal has been heard and the Panel has rendered its decision. There can be no assurance that the Panel will grant the Company’s request for continued listing.

Nasdaq’s notification further stated that due to the filing delinquency, as of the opening of business on August 18, 2005, the fifth character “E” will be appended to Center Financial’s trading symbol. Accordingly, the trading symbol for Center Financial will be changed from CLFC to CLFCE.

About Center Financial Corporation

Center Financial Corporation is the holding company of Center Bank, a community bank offering a full range of financial services for diverse ethnic and small business customers. Founded in 1986 and specializing in commercial and SBA loans

and trade finance products, Center Bank has grown to be one of the nation’s largest financial institutions focusing on the Korean-American community, with total assets of $1.5 billion at June 30, 2005. Headquartered in Los Angeles, Center Bank operates 25 branch and loan production offices across the nation. Of the company’s 16 full-service branches, 14 are located throughout Southern California, along with one branch each in Chicago and Seattle. Center Bank’s nine loan production offices are strategically located in Phoenix, Seattle, Denver, Washington D.C., Las Vegas, Atlanta, Honolulu, Houston and Dallas. Center Bank is a California state-chartered institution and member of the FDIC. For additional information on Center Bank, visit the company’s Web site at www.centerbank.com.

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 and accordingly, the cautionary statements contained in Center Financial Corp’s Annual Report on Form 10-K for the fiscal year ended Dec. 31, 2004 (See Business, and Management’s Discussion and Analysis), and other filings with the Securities and Exchange Commission are incorporated herein by reference. These factors include, but are not limited to: competition in the financial services market for both deposits and loans; the ability of Center Financial and its subsidiaries to increase its customer base; and regional and general economic conditions. Actual results and performance in future periods may be materially different from any future results or performance suggested by the forward-looking statements in this release. Such forward-looking statements speak only as of the date of this release. Center Financial expressly disclaims any obligation to update or revise any forward-looking statements found herein to reflect any changes in the company’s expectations of results or any change in events.

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