Key Developments: Hanmi Financial Corp (HAFC.O)
16.65USD
21 May 2013
$-0.10 (-0.60%)
$16.66
$16.71
$16.75
$16.51
109,713
238,895
$17.37
$9.10
Latest Key Developments (Source: Significant Developments)
Hanmi Financial Corp Appoints Chief Financial Officer
Hanmi Financial Corp appointed as Chief Financial Officer, effective immediately. Mr. Yoon has served at Hanmi since 2008, and previously held the positions of interim Chief Financial Officer, Chief Strategy Officer, Deputy CFO, Treasurer and Senior Planning Officer. Full Article
Hanmi Financial Corp Exploring Strategic Options
Hanmi Financial Corp the holding company for Hanmi Bank, announced that it has retained DelMorgan & Co. as its financial advisor, and that Hanmi has been engaged and intends to continue to engage in substantive discussions with certain strategic banks and bank holding companies regarding a possible business combination, merger-of-equals or sale transaction. No definitive terms or agreement have been reached at this time and there can be no assurance that any definitive terms will be agreed to or that any definitive agreement will be entered into. Full Article
Hanmi Financial Corp Announces Chief Financial Officer Change
Hanmi Financial Corp announced that Lonny Robinson is resigning as Executive Vice President and Chief Financial Officer(CFO) of Hanmi and the Bank to pursue another professional opportunity, effective November 13, 2012. Hanmi also announced that the Board of Directors has appointed Shick (Mark) Yoon as interim CFO, effective November 13, 2012. Mr. Yoon currently serves as Hanmi`s Senior Vice President and Chief Strategy Officer and will continue in those roles while he serves as interim CFO. Hanmi intends to appoint a permanent CFO in the future. Full Article
Hanmi Financial Corporation Announces Closing Of $80.5 Million Underwritten Public Offering Of Common Stock,
Hanmi Financial Corporation announced the closing of its previously announced underwritten public offering of common stock. FBR Capital Markets & Co. acted as the underwriter for the offering. The Company raised $80.5 million in gross proceeds by issuing 100,625,000 shares of the Company's common stock, which includes the issuance of an additional 13,125,000 shares of common stock as a result of the underwriter's exercise of its over-allotment option, at a price to the public of $0.80 per share. Woori Investment & Securities Co., Ltd. purchased 10,000,000 shares of common stock in the offering and holds approximately 4.0% of the Company's outstanding common stock (taking into account the shares issued in the offering). The net proceeds to the Company after deducting underwriting discounts and commissions and estimated offering expenses are expected to be approximately $77.2 million. The Company intends to contribute a substantial portion of the net proceeds from the offering to Hanmi Bank as additional capital and to support future organic growth and future acquisition driven growth. The Company intends to retain the remaining net proceeds at the Company level for use as working capital and other general corporate purposes. Full Article
Hanmi Financial Corporation Announces Pricing Of $70 Million Underwritten Public Offering Of Common Stock
Hanmi Financial Corporation announced the pricing of its previously announced underwritten public offering of its common stock, raising aggregate gross proceeds of approximately $70 million (not including the potential exercise by the underwriter of its over-allotment option). The offering consisted of 87,500,000 shares of common stock at a price to the public of $0.80 per share. FBR Capital Markets & Co. is the underwriter for this offering. The Company also granted the underwriter a 30-day option to purchase up to 13,125,000 additional shares of common stock, solely to cover over-allotments, if any. The Company expects issuance and delivery of the shares of common stock to occur on November 18, 2011. The Company intends to contribute a substantial portion of the net proceeds from the offering to Hanmi Bank as additional capital and to support future organic growth and future acquisition driven growth. The Company intends to retain the remaining net proceeds at the Company level for use as working capital and other general corporate purposes. Full Article
Lonny Robinson Joins Hanmi Financial Corporation As Interim Chief Financial Officer
Hanmi Financial Corporation announced that Lonny D. Robinson, will join its executive management team as Interim Chief Financial Officer of Hanmi Financial Corporation (Hanmi) and Hanmi Bank (the Bank), effective October 14, 2011. Mr. Robinson will serve as Interim Chief Financial Officer pending final bank regulatory approval. Mr. Robinson succeeds Brian Cho, who is retiring as Executive Vice President and Chief Financial Officer, effective October 14, 2011. Mr. Cho's retirement is unrelated to the financial condition or financial reporting of Hanmi or the Bank. Full Article
Hanmi Financial Corporation Announces Private Placement of Common Stock To Woori Investment & Securities
Hanmi Financial Corporation announced that it has entered into a Common Stock Purchase Agreement for a private placement transaction to issue shares of the Company's common stock to Woori Investment & Securities (Woori). Pursuant to the terms of the Common Stock Purchase Agreement dated June 27, 2011, between Woori and the Company, Woori will be purchasing that number of shares equal to 4.9% of the Company's outstanding common stock immediately after the closing of the Company's previously announced public offering, subject to adjustment in certain circumstances, at a price per share equal to the public offering price. The private placement is contingent upon the closing of the Company's public offering. The total amount of common stock being sold in the private placement and the Company's public offering is expected to total $75,000,000, assuming no exercise of the underwriter's over-allotment option. The Company intends to contribute a substantial portion of the net proceeds from the private placement to Hanmi Bank as additional capital and to support future organic and acquisition driven growth. The Company intends to retain the remaining net proceeds at the Company level for use as working capital and other general corporate purposes. Full Article
Hanmi Financial Corporation Announces Common Stock Offering
Hanmi Financial Corporation announced that it has commenced an underwritten public offering of approximately $75 million of its common stock. FBR Capital Markets & Co. will act as sole book-running manager in connection with this public offering. The Company expects to grant the underwriter a 30-day option to purchase up to $11.25 million of additional common stock, solely to cover over-allotments, if any. The Company intends to contribute a substantial portion of the net proceeds from the offering to Hanmi Bank as additional capital and to support future organic and acquisition driven growth. The Company intends to retain the remaining net proceeds at the Company level for use as working capital and other general corporate purposes. Full Article
Hanmi Financial Corporation, Woori Finance Holdings Co., Ltd. Cancel Share Purchase Agreement-DJ
Dow Jones reported that Hanmi Financial Corporation has canceled a $240 million share sale agreement with Woori Finance Holdings Co., Ltd. by mutual agreement. The cancellation, attributing the decision to the continued delay in regulatory approval from U.S. authorities as well as Hanmi's need to raise additional capital. U.S. authorities weren't happy with the relatively weak financial standing of Woori's U.S. unit, through which Woori would have taken control of Hanmi in the share sale. Hanmi and Woori have instead signed a memorandum of business alliance in a bid to boost each others' business operations. Full Article
Earnings vs. 
Estimates
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
