Hanmi Financial Corporation Announces Common Stock Offering
June 20 2011 - 8:30AM
Hanmi Financial Corporation (the "Company") (Nasdaq:HAFC), the
parent company of its wholly-owned subsidiary Hanmi Bank, today
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.
A registration statement relating to these securities has been
filed with the Securities and Exchange Commission and has become
effective. This release shall not constitute an offer to sell or
the solicitation of an offer to buy nor shall there be any sale of
these securities in any state in which such offer, solicitation or
sale would be unlawful prior to the registration or qualification
under the securities laws of any such state. The public offering
may be made only by means of a prospectus and a related prospectus
supplement, copies of which may be obtained from FBR Capital
Markets & Co., Prospectus Department, 1001 19th Street, North,
Arlington, VA 22209 or by e-mail at prospectuses@fbr.com.
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 Bernardino, San Francisco,
Santa Clara and San Diego counties, and a loan production office in
Washington State. 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.hanmi.com.
Forward-Looking Statements
This news release contains forward-looking statements for which
the Company claims the protection of the safe harbor contained in
the Private Securities and Litigation Reform Act of 1995. These
forward-looking statements are subject to risks and uncertainties.
A number of factors, many of which are beyond the Company's ability
to control or predict, could cause future results to differ
materially from those contemplated by such forward-looking
statements. The Company's Annual Report on Form 10-K and other SEC
filings discuss the most significant risk factors that may affect
its business, results of operations and financial condition. The
Company undertakes no obligation to revise or update publicly any
forward-looking statements for any reason.
CONTACT: David Yang - (213) 637-4798
www.hanmibank.com
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