Form 8-K / 425 Combination Filing

CENTER FINANCIAL CORPORATION

Date: April 9, 2008

/s/ Jae Whan Yoo

Jae Whan Yoo

Chief Executive Officer and President

425 1 d8k.htm FORM 8-K / 425 COMBINATION FILING Form 8-K / 425 Combination Filing

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) March 28, 2008

Center Financial Corporation

(Exact name of Registrant as specified in its charter)

California

(State or Other Jurisdiction of Incorporation)


000-50050		52-2380548
(Commission file number)		(IRS Employer Identification No)

3435 Wilshire Boulevard, Suite 700, Los Angeles, California 90010

(Address of principal executive offices)

(213) 251-2222

(Registrant’s telephone number, including area code)

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 follow provisions:

x	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 1.02 Termination of a Material Definitive Agreement

On March 28, 2008, Center Financial Corporation received a notice from First Intercontinental Bank terminating the definitive agreement jointly announced by the two parties on September 18, 2007 under which Center Financial was to have acquired First Intercontinental. In the termination notice, First Intercontinental alleges breaches on the part of Center Financial and is demanding liquidated damages of $3.1 million. Center Financial said it believes that First Intercontinental breached the agreement and is entitled to no damages of any kind.

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: