Hanmi Financial Corporation (HAFC), headquartered in Los Angeles, California, is the holding company for Hanmi Bank, one of the leading banks for the Korean-American community in the United States. Established in 1982, Hanmi Bank specializes in commercial, SBA and trade finance lending, serving also communities and businesses with deposit and treasury management services as well as a variety of residential mortgage loan products.
As of 2021, Hanmi Bank operates over 35 full-service branches in California, Texas, Illinois, Virginia, New Jersey, New York, Colorado, Florida, Washington and Georgia. Its ongoing mission is to continuously meet the ever-changing needs and demands of its customer base with innovative, tailor-made solutions.
Hanmi Financial Corp (HAFC) is publicly traded on the NASDAQ. Since its foundation, the bank has grown tremendously and navigated through many economic cycles. Despite the many challenges it has faced, particularly during the financial crisis of 2007-2008, HAFC has managed to maintain its position as one of the leading Asian-American banks in the US.
The company’s performance over the years shows their stable and quality-driven approach to banking. They have consistently demonstrated strong capital ratios and liquidity levels, underlining their dedication to prudent risk management and sustainable growth.
One of Hanmi Financial Corp's key business strategies has been geared towards seeking growth opportunities, both organically and through merger and acquisition. Over the years, it has made a series of strategic acquisitions that have significantly enhanced its footprint.
The team at Hanmi Financial Corp closely follows technological advancements, being always ready to adapt in an era known for rapid technological changes. The bank uses state-of-the-art banking technologies and maintains high security measures to protect customer data.
Beyond this, corporate social responsibility also plays a vital role in HAFC's operations. They work towards making positive contributions to the societies they service, whether it is through their banking services or via their various community and charitable involvements.
Overall, Hanmi Financial Corp is a strong financial institution dedicated to serving the Korean-American and broader communities with reliable, innovative and efficient banking services. While its primary focus remains on commercial banking, Hanmi Financial Corp also provides diversified financial services tailored to the specific needs of their clients, maintaining their position as one of the leading Asian-American banks in the country.