Mergers & Acquisitions
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Deal Overview

Buyer:
Woori Finance Holdings Co., Ltd.
Actual Acquirer:
Woori Finance Holdings Co., Ltd.
Target:
Hanmi Financial Corporation
Deal Type:
Bank & Thrift Company
Agreement Date:
5/25/2010
Announcement Date:
5/25/2010
Announced Deal Value ($ M):
NA
Status:
Terminated
Completion Date:
6/15/2011
Announced Deal Value Per Share ($ )
NA

Deal Terms
Description of Consideration

Woori Finance Holdings Co. Ltd. would have purchased a minimum of $210 million of Hanmi Financial Corp. common stock at a purchase price of $1.20 per share. Woori also had the option to purchase up to an additional $30 million of Hanmi common stock. In addition to Woori's investment, Hanmi intended to commence a $120 million offering that would have comprised of a $60 million rights offering to their existing stockholders and a $60 million registered best efforts offering of common stock to the public.

Accounting Method Acquisition
In-State Transaction? NA
Merger of Equals? No
Geographic Expansion? Market Expansion
Goodwill Generated ($ 000) NA
Estimated Cost Savings (%) NA
Estimated Cost Savings ($ 000) NA
Est. Restructuring Charges ($ 000) NA
Maximum Termination Fee ($ 000) 12,000
Minimum Termination Fee ($ 000) 0
Exchange Ratio (Common For Common) NA
Exchange Ratio (Common For Preferred) NA
Exchange Ratio (Preferred For Common) NA
Exchange Ratio (Preferred For Preferred) NA
Lockup Agreement No
Strike Price ($ ) NA
% of Shares Outstanding NA
Shares Under Option NA
Core Deposit Intangibles ($ 000) NA
Deal Advisers
Financial Advisers
Party Advised Adviser Hired? Firm Name
Buyer No NA
Seller Yes RSM US Wealth Management LLC
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Kim & Chang
Seller Yes Manatt Phelps & Phillips LLP