Latest news with #HanmiFinancialCorporation
Business Upturn
06-06-2025
- Business
- Business Upturn
Hanmi Bank Hosts Grand Opening Celebration of New Branch in Duluth, Georgia
DULUTH, Ga., June 05, 2025 (GLOBE NEWSWIRE) — Hanmi Financial Corporation (Nasdaq: HAFC) ('Hanmi'), the holding company for Hanmi Bank, today welcomed local officials and community members to its grand opening celebration for its newest branch in Duluth, Georgia. Honored guests included Georgia State Representative Long Tran (Dist. 80), and Gwinnett County Commissioner Kirkland Carden. They were joined by several Hanmi Bank executives, including Bonnie Lee, President and CEO, Anthony Kim, Chief Banking Officer, and Cindy Yum, who serves as Branch Manager for the new Duluth location. The Duluth branch is Hanmi's first full-service branch in Georgia, located at 2330 Pleasant Hill Road, Suite 100 – less than 30 miles from Atlanta. Georgia continues to be a key hub for Korean business investment and expansion. In fiscal year 2023, Korean companies announced over $10 billion in new investments and the creation of more than 12,600 jobs across the state, according to the Office of the Governor. Total trade between Georgia and Korea reached $17.5 billion last year, underscoring the strength of this dynamic economic partnership. 'Our expansion in Georgia is an important step in our growth plans, and we're excited to be a part of this community,' said Bonnie Lee, President and Chief Executive Officer of Hanmi Financial Corporation. 'Duluth is a vibrant and diverse city that values business opportunity and community strength. We look forward to supporting local businesses and individuals, and contributing to the continued economic vitality of this region through our relationship-based banking model.' Hanmi Bank Duluth Branch offers a comprehensive range of personal and business banking services, including checking and savings accounts, commercial lending, SBA loans, and specialized financial solutions. Bank hours are Monday to Friday, 9:00 AM to 5:00 PM. About Hanmi Financial Corporation Headquartered in Los Angeles, California, Hanmi Financial Corporation owns Hanmi Bank, which serves multi-ethnic communities through its network of 32 full-service branches, five loan production offices and three loan centers in California, Colorado, Georgia, Illinois, New Jersey, New York, Texas, Virginia and Washington. Hanmi Bank specializes in real estate, commercial, SBA and trade finance lending to small and middle market businesses. Additional information is available at ContactKelly McAndrewFinancial Profiles, Inc.310-622-8239 [email protected]
Yahoo
05-06-2025
- Business
- Yahoo
Hanmi Bank Hosts Grand Opening Celebration of New Branch in Duluth, Georgia
Duluth Branch Grand Opening DULUTH, Ga., June 05, 2025 (GLOBE NEWSWIRE) -- Hanmi Financial Corporation (Nasdaq: HAFC) ('Hanmi'), the holding company for Hanmi Bank, today welcomed local officials and community members to its grand opening celebration for its newest branch in Duluth, Georgia. Honored guests included Georgia State Representative Long Tran (Dist. 80), and Gwinnett County Commissioner Kirkland Carden. They were joined by several Hanmi Bank executives, including Bonnie Lee, President and CEO, Anthony Kim, Chief Banking Officer, and Cindy Yum, who serves as Branch Manager for the new Duluth location. The Duluth branch is Hanmi's first full-service branch in Georgia, located at 2330 Pleasant Hill Road, Suite 100 – less than 30 miles from Atlanta. Georgia continues to be a key hub for Korean business investment and expansion. In fiscal year 2023, Korean companies announced over $10 billion in new investments and the creation of more than 12,600 jobs across the state, according to the Office of the Governor. Total trade between Georgia and Korea reached $17.5 billion last year, underscoring the strength of this dynamic economic partnership. 'Our expansion in Georgia is an important step in our growth plans, and we're excited to be a part of this community,' said Bonnie Lee, President and Chief Executive Officer of Hanmi Financial Corporation. 'Duluth is a vibrant and diverse city that values business opportunity and community strength. We look forward to supporting local businesses and individuals, and contributing to the continued economic vitality of this region through our relationship-based banking model.' Hanmi Bank Duluth Branch offers a comprehensive range of personal and business banking services, including checking and savings accounts, commercial lending, SBA loans, and specialized financial solutions. Bank hours are Monday to Friday, 9:00 AM to 5:00 PM. About Hanmi Financial CorporationHeadquartered in Los Angeles, California, Hanmi Financial Corporation owns Hanmi Bank, which serves multi-ethnic communities through its network of 32 full-service branches, five loan production offices and three loan centers in California, Colorado, Georgia, Illinois, New Jersey, New York, Texas, Virginia and Washington. Hanmi Bank specializes in real estate, commercial, SBA and trade finance lending to small and middle market businesses. Additional information is available at ContactKelly McAndrewFinancial Profiles, Inc.310-622-8239kmcandrew@ Source: Hanmi Bank A photo accompanying this announcement is available at in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
22-04-2025
- Business
- Yahoo
Hanmi Financial And These 2 Dividend Stocks To Consider
Over the last 7 days, the United States market has dropped 4.4%, and over the past year, it has remained flat overall, though earnings are forecast to grow by 13% annually. In this context, dividend stocks like Hanmi Financial can be appealing as they offer potential income stability and growth prospects in uncertain market conditions. Name Dividend Yield Dividend Rating Columbia Banking System (NasdaqGS:COLB) 6.53% ★★★★★★ Interpublic Group of Companies (NYSE:IPG) 5.62% ★★★★★★ Regions Financial (NYSE:RF) 5.24% ★★★★★★ OceanFirst Financial (NasdaqGS:OCFC) 5.09% ★★★★★★ First Interstate BancSystem (NasdaqGS:FIBK) 7.23% ★★★★★★ Peoples Bancorp (NasdaqGS:PEBO) 5.81% ★★★★★★ Southside Bancshares (NYSE:SBSI) 5.21% ★★★★★★ Dillard's (NYSE:DDS) 8.26% ★★★★★★ Citizens & Northern (NasdaqCM:CZNC) 5.88% ★★★★★★ Chevron (NYSE:CVX) 5.11% ★★★★★★ Click here to see the full list of 170 stocks from our Top US Dividend Stocks screener. Let's dive into some prime choices out of the screener. Simply Wall St Dividend Rating: ★★★★☆☆ Overview: Hanmi Financial Corporation, with a market cap of $643.35 million, operates as the holding company for Hanmi Bank, offering business banking products and services in the United States. Operations: Hanmi Financial Corporation generates revenue primarily through its financial services segment, which accounted for $229.94 million. Dividend Yield: 5% Hanmi Financial recently increased its quarterly dividend to US$0.27 per share, reflecting a positive move for income-focused investors despite a historically volatile dividend track record. The current payout ratio of 48.7% indicates dividends are well-covered by earnings, with forecasts suggesting further improvement to 39.5% in three years. However, the company's dividends remain slightly below top-tier yields in the US market and have shown instability over the past decade. Click here to discover the nuances of Hanmi Financial with our detailed analytical dividend report. Insights from our recent valuation report point to the potential undervaluation of Hanmi Financial shares in the market. Simply Wall St Dividend Rating: ★★★★☆☆ Overview: Western New England Bancorp, Inc. is the holding company for Westfield Bank, offering a variety of commercial and retail banking products and services to individuals and businesses, with a market cap of $175.52 million. Operations: Western New England Bancorp, Inc. generates revenue primarily through its Community Banking segment, which accounts for $73.39 million. Dividend Yield: 3.3% Western New England Bancorp declared a quarterly dividend of US$0.07 per share, with a payout ratio of 50.2%, indicating dividends are covered by earnings. Despite recent growth in net income to US$3.29 million, the dividend yield remains below top-tier levels at 3.28%. The company has a history of volatile dividends over the past decade but has shown an increase in payments during that time. Additionally, it completed a share buyback program totaling US$4.39 million for 2.5% of shares outstanding. Unlock comprehensive insights into our analysis of Western New England Bancorp stock in this dividend report. The analysis detailed in our Western New England Bancorp valuation report hints at an deflated share price compared to its estimated value. Simply Wall St Dividend Rating: ★★★★★☆ Overview: Central Pacific Financial Corp. is the bank holding company for Central Pacific Bank, offering a variety of commercial banking products and services to businesses, professionals, and individuals in the United States, with a market cap of $680.88 million. Operations: Central Pacific Financial Corp. generates its revenue primarily through its banking segment, which accounts for $240.58 million. Dividend Yield: 4.3% Central Pacific Financial's dividend payments have been stable and reliable over the past decade, with a recent increase to US$0.27 per share. The current payout ratio of 52.7% suggests dividends are well-covered by earnings, and forecasts indicate this will improve to 36.2% in three years. Despite trading at a significant discount to its estimated fair value, CPF's dividend yield of 4.27% is below top-tier levels in the U.S., but remains attractive for consistent income seekers amidst recent leadership changes enhancing operational expertise. Navigate through the intricacies of Central Pacific Financial with our comprehensive dividend report here. The valuation report we've compiled suggests that Central Pacific Financial's current price could be quite moderate. Explore the 170 names from our Top US Dividend Stocks screener here. Are you invested in these stocks already? Keep abreast of every twist and turn by setting up a portfolio with Simply Wall St, where we make it simple for investors like you to stay informed and proactive. Unlock the power of informed investing with Simply Wall St, your free guide to navigating stock markets worldwide. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NasdaqGS:HAFC NasdaqGS:WNEB and NYSE:CPF. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
Associated Press
28-01-2025
- Business
- Associated Press
Hanmi Financial Increases Cash Dividend 8% to $0.27 per share
LOS ANGELES, Jan. 28, 2025 (GLOBE NEWSWIRE) -- Hanmi Financial Corporation (NASDAQ: HAFC, or 'Hanmi'), the parent company of Hanmi Bank (the 'Bank'), today announced that its Board of Directors declared a cash dividend on its common stock for the 2025 first quarter of $0.27 per share, up 8% from the prior quarter. The dividend will be paid on February 26, 2025, to stockholders of record as of the close of business on February 10, 2025. 'Following another quarter of successful execution across our business, Hanmi is well positioned for continued success in 2025,' said Bonnie Lee, President and Chief Executive Officer. 'The increase in our dividend reflects the Board's confidence in Hanmi's financial strength, relationship-driven banking model, and commitment to creating shareholder value.' About Hanmi Financial Corporation Headquartered in Los Angeles, California, Hanmi Financial Corporation owns Hanmi Bank, which serves multi-ethnic communities through its network of 31 full-service branches and eight loan production offices in California, Texas, Illinois, Virginia, New Jersey, New York, Colorado, Washington and Georgia. Hanmi Bank specializes in real estate, commercial, SBA and trade finance lending to small and middle market businesses. Additional information is available at Forward-Looking Statements This press release contains forward-looking statements, which are included in accordance with the 'safe harbor' provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are 'forward–looking statements' for purposes of federal and state securities laws, including, but not limited to, statements about our anticipated future operating and financial performance, financial position and liquidity, business strategies, regulatory and competitive outlook, investment and expenditure plans, capital and financing needs and availability, plans and objectives of management for future operations, developments regarding our capital and strategic plans, and other similar forecasts and statements of expectation and statements of assumption underlying any of the foregoing. 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 our forward-looking statements to be reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Forward-looking 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 statements. These factors include the following: a failure to maintain adequate levels of capital and liquidity to support our operations; general economic and business conditions internationally, nationally and in those areas in which we operate, including any potential recessionary conditions; volatility and deterioration in the credit and equity markets; changes in consumer spending, borrowing and savings habits; availability of capital from private and government sources; demographic changes; competition for loans and deposits and failure to attract or retain loans and deposits; inflation and fluctuations in interest rates that reduce our margins and yields, the fair value of financial instruments, the level of loan originations or prepayments on loans we have made and make, the level of loan sales and the cost we pay to retain and attract deposits and secure other types of funding; our ability to enter new markets successfully and capitalize on growth opportunities; the current or anticipated impact of military conflict, terrorism or other geopolitical events; the effect of potential future supervisory action against us or Hanmi Bank and our ability to address any issues raised in our regulatory exams; risks of natural disasters; legal proceedings and litigation brought against us; a failure in or breach of our operational or security systems or infrastructure, including cyberattacks; the failure to maintain current technologies; risks associated with Small Business Administration loans; failure to attract or retain key employees; our ability to access cost-effective funding; the imposition of tariffs or other domestic or international governmental polices impacting the value of the products of our borrowers; changes in liquidity, including the size and composition of our deposit portfolio and the percentage of uninsured deposits in the portfolio; fluctuations in real estate values; changes in accounting policies and practices; changes in governmental regulation, including, but not limited to, any increase in FDIC insurance premiums and changes in the monetary policies of the U.S. Treasury and the Board of Governors of the Federal Reserve System; the ability of Hanmi Bank to make distributions to Hanmi Financial Corporation, which is restricted by certain factors, including Hanmi Bank's retained earnings, net income, prior distributions made, and certain other financial tests; strategic transactions we may enter into; the adequacy of and changes in the methodology for computing our allowance for credit losses; our credit quality and the effect of credit quality on our credit losses expense and allowance for credit losses; changes in the financial performance and/or condition of our borrowers and the ability of our borrowers to perform under the terms of their loans and other terms of credit agreements; our ability to control expenses; and cyber security and fraud risks against our information technology and those of our third-party providers and vendors. In addition, we set forth certain risks in our reports filed with the U.S. Securities and Exchange Commission, including, Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2023, our Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K that we will file hereafter, 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. Investor Contacts: Romolo (Ron) Santarosa 213-427-5636 Lisa Fortuna Investor Relations Financial Profiles, Inc. 310-622-8251 Source: Hanmi Bank
