Hanmi Financial Announces Lifting of Regulatory Enforcement Actions by San Francisco Fed
Hanmi Financial Corporation (NASDAQ: HAFC) (“Hanmi”), the holding company for Hanmi Bank (the “Bank”), today announced that the Federal Reserve Bank of San Francisco (the “FRB”) has informed Hanmi and the Bank that the Written Agreement entered into between Hanmi, the Bank and the FRB on November 2, 2009 (the “Written Agreement”) has been terminated, effective December 4, 2012. As a result, with the recent lifting of the Memorandum of Understanding with the California Department of Financial Institutions on October 29, 2012 and today's termination of the Written Agreement, the Bank is no longer subject to any ongoing enforcement actions.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.