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Hanmi Bank

Bank of Hope and Hanmi Bank are closing branches for operation efficiency

Bank of Hope and Hanmi Bank are undergoing branch consolidations. On March 1, Bank of Hope closed three Southern California branches, Wilshire/Manhattan, Maple, and Huntington...

SoCal’s Korean-American Banks report annual net income of $308 million in 2023

Korean-American banks in Southern California posted sluggish profits in the fourth quarter amid tough business conditions but managed to maintain their assets, deposits, and...

Hanmi Bank CEO Bonnie Lee named one of 25 Powerful Women to Watch

Hanmi Bank President and CEO Bonnie Lee has been named The Most Powerful Women to Watch 2023. On September 27, American Banker, a leading financial...

Four Korean banks’ stocks hit 52-week lows after the shut down of Silicon Valley Bank

Publicly traded Korean-American banks have also seen their stock prices plummet in the wake of the bankruptcy of Silicon Valley Bank (SVB), the world's...

Korean Banks’ Demand for CFOs Growing

The ratio of non-Korean chief financial officers (CFO) at Korean-run financial institutions are continuously getting larger. Four of seven Southern California-based Korean banks are employing...

Korean Banks Looking to Transform and Diversify

Korean banks across the United States are gearing up to kick start 2017. Through their New Year messages, presidents of Korean-American banks presented both...

Trump’s Win Drives up Korean Bank Stocks

As Donald Trump’s win over Hillary Clinton in last week’s presidential election continues to raise bank stocks across the country, Korean-American financial institutions are...

Against Bank of Hope’s Attractive Products Other Banks Respond with Their Own Sweet Deals

Los Angeles Koreatown-based banks are making an incessant effort to entice customers as a response to Bank of Hope, which launched less than two...

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