Hanmi Financial Corp. Responds to Erroneous Media Report
March 05 2009 - 6:04PM
Business Wire
Hanmi Financial Corporation (Nasdaq: HAFC), the holding
company of Hanmi Bank, announced that an article in the March 2,
2009 edition of the Los Angeles Business Journal incorrectly stated
that Hanmi Financial Corp. had in recent months received a
cease-and-desist order.
The Los Angeles Business Journal's report is completely and
unequivocally false. "Our customers and shareholders, whose support
we value, should know that we have received no such order from
regulators," said Jay S. Yoo, Hanmi's president and CEO.
"To be sure," added Mr. Yoo, "the slowing economy presents a
variety of challenges that are affecting the operations of
virtually all financial institutions. However, they are challenges
that Hanmi is, we believe, well prepared to meet."
About Hanmi Financial
Corporation:
Headquartered in Los Angeles, Hanmi Bank, a wholly owned
subsidiary of Hanmi Financial Corporation, provides services to the
multi-ethnic communities of California, with 27 full-service
offices in Los Angeles, Orange, San Francisco, Santa Clara and San
Diego counties, and six loan production offices in Colorado,
Georgia, Illinois, Texas, Virginia and Washington. Hanmi Bank
specializes in commercial, SBA and trade finance lending, and is a
recognized community leader. Hanmi Bank�s mission is to provide a
full range of quality products and premier services to its
customers and to maximize shareholder value. Additional information
is available at www.hanmifinancial.com.
Forward-Looking
Statements:
This release contains forward-looking
statements, which are included in accordance with the �safe harbor�
provisions of the Private Securities Litigation Reform Act of 1995.
In some cases, you can identify forward-looking statements by
terminology such as �may,� �will,� �should,� �could,� �expects,�
�plans,� �intends,� �anticipates,� �believes,� �estimates,�
�predicts,� �potential,� or �continue,� or the negative of such
terms and other comparable terminology. Although we believe that
the expectations reflected in the forward-looking statements are
reasonable, we cannot guarantee future results, levels of activity,
performance or achievements. These statements involve known and
unknown risks, uncertainties and other factors that may cause our
actual results, levels of activity, performance or achievements to
differ from those expressed or implied by the forward-looking
statement. These factors include the following: general economic
and business conditions in those areas in which we operate;
deterioration in the credit markets; availability of capital from
private and government sources; demographic changes; competition
for loans and deposits; fluctuations in interest rates; risks of
natural disasters related to our real estate portfolio; risks
associated with SBA loans; changes in governmental regulation;
ability to receive regulatory approval for Hanmi Bank to declare
dividends to Hanmi Financial; adequacy of our allowance for loan
losses, credit quality and the effect of credit quality on our
provision for credit losses and allowance for loan losses; the
ability of borrowers to perform under the terms of their loans and
other terms of credit agreements; our ability to successfully
integrate acquisitions we may make; the availability of capital to
fund the expansion of our business; and changes in securities
markets. In addition, we set forth certain risks in our reports
filed with the Securities and Exchange Commission, including our
Annual Report on Form 10-K for the fiscal year ended December 31,
2007 and Quarterly Reports on Form 10-Q filed thereafter, which
could cause actual results to differ from those projected. We
undertake no obligation to update such forward-looking statements
except as required by law.
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