Exhibit 99.1
Hanmi Financial Corp. Extends Closing of
Securities Purchase Agreement
Initial $6.9 Million Held in Escrow
LOS ANGELES August 3, 2009 Hanmi Financial Corporation (Nasdaq: HAFC), the holding company of
Hanmi Bank, announced that the purchase of securities by a Korean investor, previously expected to
close by July 31, is now expected to be completed by September 30.
As announced in a June 15, 2009 press release, on June 12, 2009 Hanmi Financial Corp. (Hanmi)
entered into a definitive agreement with Leading Investment & Securities Co., Ltd. (Leading), a
Korean securities broker-dealer, whereby Leading committed to invest up to $11 million in common
equity capital in Hanmi.
According to Jay S. Yoo, President and Chief Executive Officer of Hanmi, the securities purchase
agreement has been amended to accommodate the anticipated closing date. In the meantime, said Mr.
Yoo, the initial investment of $6.9 million is currently being held in an escrow account pending a
review of the proposed investment by the Board of Governors of the Federal Reserve System.
We hope to be in a position to complete the initial $6.9 million in the near future and the
balance of $4.1 million by the end of September, said Mr. Yoo. If completed as expected,
Leadings investment will strengthen Hanmis capital reserves, and it will likewise enhance Hanmis
ability to compete in todays recessionary environment.
As stated in the June 15 press release, Hanmi is also in active negotiations relating to a larger
equity capital infusion. IWL Partners, a Korean private equity fund and an affiliate of Leading,
recently completed due diligence of Hanmi. D. H. Park, Chairman of IWL Partners, said, We have
completed due diligence and are in serious discussions with Hanmi regarding a substantial capital
investment. The completion of any such transaction would be subject to, among others, the
following conditions: (i) the negotiation of definitive documents and terms; and (ii) receipt of
all required regulatory and shareholder approvals, as necessary.
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 two
loan production offices in Virginia and Washington State. Hanmi Bank specializes in commercial,
Small Business Administration (SBA) and trade finance lending, and is a recognized community
leader. Hanmi Banks 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.hanmifinancial.com.
About Leading Investment & Securities Co., Ltd.:
Leading Investment & Securities Co., Ltd. is a Korea-based financial service provider, specializing
in providing securities brokerage, mergers and acquisitions and investment banking services and
other financial services to a broad range of clients, including corporations, institutional
investors and individuals. The Companys goal is to become Koreas leading on-line investment
bank. Additional information is available at www.leading.co.kr.
About IWL Partners, LLC:
Established in 2007, IWL Partners, LLC is dedicated to buyouts of financial institutions. The
Companys investment philosophy is to create value by exercising shareholder leadership through
aligning interests of various stakeholders of a company. After two successful acquisitions of
Korean financial institutions, the Company is currently seeking investment opportunities in banking
industries in the Pacific Rim, including the U.S.
Forward-Looking Statements:
This release contains forward-looking statements, which are included in accordance with the safe
harbor provisions of the Private Securities Litigation Reform Act of 1995. 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 the expectations reflected in the forward-looking statements are reasonable, we cannot
guarantee future results, levels of activity, performance or achievements. These 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 statement. These factors include the following: the ability of Leading Investment &
Securities Co., Ltd. and its affiliates to complete the proposed investments mentioned herein;
receipt of requisite regulatory approvals of those investments; general economic and business
conditions in those areas in which we operate; deterioration in the credit markets; availability of
capital from private and government sources; demographic changes; competition for loans and
deposits; fluctuations in interest rates; risks of natural disasters related to our real estate
portfolio; risks associated with SBA loans; changes in governmental regulation; ability to receive
regulatory approval for Hanmi Bank to declare dividends to Hanmi Financial; adequacy of our
allowance for loan losses, credit quality and the effect of credit quality on our provision for
credit losses and allowance for loan losses; the ability of borrowers to perform under the terms of
their loans and other terms of credit agreements; our ability to successfully integrate
acquisitions we may make; the availability of capital to fund the expansion of our business; and
changes in securities markets. In addition, we set forth certain risks in our reports filed with
the Securities and Exchange Commission, including our Annual Report on Form 10-K for the fiscal
year ended December 31, 2008 and Quarterly Reports on Form 10-Q filed thereafter, which