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Stock Market & Financial Investment News

News Breaks
December 6, 2012
14:34 EDTHAFCHanmi Financial: FRB of San Francisco lifts regulatory enforcement actions
Hanmi Financial (HAFC), the holding company for Hanmi Bank, announced that the Federal Reserve Bank of San Francisco has informed Hanmi and the Bank that the Written Agreement entered into between Hanmi, the Bank and the FRB on November 2, 2009 has been terminated, effective December 4. As a result, with the recent lifting of the Memorandum of Understanding with the California Department of Financial Institutions on October 29, and today's 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 CEO 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."
News For HAFC From The Last 14 Days
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November 19, 2014
17:07 EDTHAFCHanmi Financial initiated with a Buy at Sterne Agee
Target $25.
November 12, 2014
14:02 EDTHAFCHanmi Financial files to delay Form 10-Q
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12:45 EDTHAFCHanmi Financial appoints Michael McCall as CFO effective November 12
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