Hanmi Financial Corporation Announces Launch of Underwritten Public Offering of Common Stock
November 14 2011 - 4:01PM
Hanmi Financial Corporation (Nasdaq:HAFC) (the "Company"), the
holding company for Hanmi Bank, today announced that it has
commenced an underwritten public offering of approximately $70
million of its common stock. FBR Capital Markets & Co. will
serve as the underwriter for this offering. The Company expects to
grant the underwriter a 30-day option to purchase 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 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.
A registration statement relating to these securities has been
filed with the U.S. Securities and Exchange Commission and has
become effective. This release shall not constitute an offer to
sell or a solicitation of an offer to buy nor shall there be any
sale of these securities in any state or jurisdiction in which such
offer, solicitation or sale would be unlawful prior to the
registration or qualification under the securities laws of any such
state or jurisdiction. The public offering of the Company's common
stock may be made only by means of a prospectus and a related
prospectus supplement, copies of which may be obtained by from FBR
Capital Markets & Co., Prospectus Department, 1001 19th Street,
North, Arlington, VA 22209, or by email 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: Hanmi Financial Corporation
David Yang
Investor Relations Officer
(213) 637-4798
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