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Hanmi Financial history
Hanmi Financial company history timeline
The bank officially began business more than a year later, receiving its license by the California Department of Financial Institutions in December 1982.
The bank was established in 1982 and expanded very quickly after its inception.
1988: Hanmi Bank begins providing Small Business Administration loans.
Before the end of the decade, the company added a fourth banking facility, opening a branch on Garden Grove Boulevard in the summer of 1989.
Hong, in his mid-50s when he arrived at Hanmi, spent six years at the bank, departing in 1994 to lead Nara Bancorp, one of Hanmi's chief rivals at the end of the decade.
In 1997, the bank reached a financial milestone when its assets reached $500 million.
In 1998, Hong ordered the purchase of Korea First Bank in Flushing, New York, owned by Seoul-based Korea First Bank, the majority owner of Pacific Union Bank.
In March 2000, Hanmi Financial Corporation was incorporated as a holding company for Hanmi Bank.
In a June 11, 2001 interview with the Los Angeles Business Journal, Youk remarked, "Mainstream banks are coming into our market.
In 2001, the year the company registered on the NASDAQ, Hanmi opened a branch on West Olympic Boulevard in Koreatown and an office in Irvine.
2004: Hanmi Financial acquires Pacific Union Bank, its closest competitor.
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Hanmi Financial competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Republic Bank | 1982 | $819.8M | 1,000 | 18 |
| Metro City Bank | 2014 | $92.9M | 249 | 1 |
| Republic First Ban | 1987 | $72.0M | 306 | - |
| Pioneer Bank | 1909 | $10.5M | 52 | 43 |
| Open Bank | 2005 | $56.1M | 125 | 10 |
| Aroostook County Federal S & L | - | $6.2M | 17 | - |
| Bridge Capital Holdings | - | $93.0M | 200 | - |
| Bank of Marin | 1989 | $118.5M | 328 | 60 |
| Bank of the West | 1874 | $2.8B | 9,261 | - |
| Fremont Bank | 1964 | $17.6M | 500 | 18 |
Hanmi Financial history FAQs
Zippia gives an in-depth look into the details of Hanmi Financial, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Hanmi Financial. The employee data is based on information from people who have self-reported their past or current employments at Hanmi Financial. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Hanmi Financial. The data presented on this page does not represent the view of Hanmi Financial and its employees or that of Zippia.
Hanmi Financial may also be known as or be related to HANMI FINANCIAL CORP, Hanmi Bank, Hanmi Financial, Hanmi Financial Corp. and Hanmi Financial Corporation.