Hanmi Launches Hanmi Dream Scholarship Program
October 17 2016 - 09:00AM
Hanmi Financial Corporation (NASDAQ:HAFC), (or “Hanmi”), the
holding company for Hanmi Bank (the “Bank”), announced today that
it has launched the Hanmi Dream Scholarship Program, as a part the
Bank’s Corporate Social Responsibility Program called Hanmi
Neighbor. The Hanmi Dream Scholarship Program aims to provide
educational support to at-risk youths, primarily foster youths and
youths who are from abusive homes, enabling them to pursue higher
education.
Hanmi Dream Scholarship will offer up to $150,000 in scholarship
awards annually. The at-risk youth scholarship program will be
administered by Korean American Family Services (KFAM), the only
community non-profit organization with expertise in caring for
Korean foster youths, through its Asian Foster Family Initiative.
The scholarship will be given to students ranging from kindergarten
all the way to graduate students who are in the foster care system
or who are domestic violence survivors. The award amount will range
from $1,000 to $10,000 based on the applicants’ needs. The award
can be used for various education purposes, including tutoring
cost, school supplies to school tuition. In conjunction with
launching the Hanmi Dream Scholarship Program, Hanmi also plans to
implement an At-Risk Youth Mentoring Program to create
opportunities for employee engagement.
“As a community bank, we understand that Hanmi’s community
involvement is vital to the well-being of our community. As a part
of our commitment to invest in our community’s next generation, we
realized that there was a dire need to provide educational support
to the underprivileged students, regardless of their academic
achievements. Unlike scholarships that are merit based, the goal of
the Hanmi Dream Scholarship Program is to provide educational
support to students who are truly in need. As our tagline ’Bank on
Your Dreams’ indicates, it is our sincerest hope that Hanmi can
make a positive impact in these students’ lives in order for them
to believe in and pursue their dreams,” said C. G. Kum,
Hanmi’s President & Chief Executive Officer.
“We are delighted that Hanmi Bank has chosen KFAM as a partner
to administer the Hanmi Dream Scholarship Program for at-risk
youths,” said Connie Chung Joe, Executive Director of KFAM.
“Domestic violence and child abuse are often neglected and unspoken
epidemics in our community. Growing up in an abusive home has a
direct impact on a child’s academic success. Children experiencing
trauma have more difficulty concentrating at school or at home,
which has a direct impact on grades. For kids in foster homes and
domestic violence shelters, being uprooted into new homes and
switching schools makes it even more difficult to keep up in
school. Hanmi’s scholarship will be instrumental in providing the
necessary educational support they truly need.”
In addition to the scholarship program, Hanmi Bank will
collaborate with KFAM on their workforce development program. Hanmi
is pledging to provide job training and open up six positions in
the bank for at-risk Korean immigrant women, including single
mothers and domestic violence survivors. This partnership will
assist them to re-enter the work-force and learn the necessary
skill sets to support themselves and their families.
PRESS CONTACT: Seung Eun aka Ray Yeom | PR Officer (213)427-4258 Ray.yeom@hanmi.com
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