Exhibit 99.1
Hanmi Financial Corporation Enters Into Agreement With Woori Finance
Holdings Co. Ltd. For Up To $240 Million Capital Infusion; And
Announces Rights Offering And Public Offering
Holdings Co. Ltd. For Up To $240 Million Capital Infusion; And
Announces Rights Offering And Public Offering
LOS ANGELES — May 25, 2010 — Hanmi Financial Corporation (NASDAQ: HAFC), the holding company
for Hanmi Bank, today reported that it has entered into a securities purchase agreement with Woori
Finance Holdings Co. Ltd. for an investment by Woori in Hanmi of up to $240 million.
Under the agreement, Woori will purchase a minimum of $210 million of Hanmi common stock at a
purchase price of $1.20 per share. Woori also has the option to purchase up to an additional $30
million of Hanmi common stock. Hanmi intends to contribute a substantial amount of the net
proceeds from this investment as new capital into Hanmi Bank. Following the transactions
contemplated by the securities purchase agreement and the offering described below, it is
anticipated that Woori will own at least a majority of Hanmi’s outstanding common stock. The Woori
investment is subject to regulatory and stockholder approval, including the approval of the Federal
Reserve Board, the California Department of Financial Institutions and the Korean Financial
Services Commission, among other customary conditions to closing.
In addition to Woori’s investment, Hanmi intends to commence a $120 million offering that will be
comprised of a $60 million rights offering to our existing stockholders and a $60 million
registered best efforts offering of common stock (plus any additional shares of common stock that
are not subscribed for in the rights offering) to the public. The rights offering will provide
stockholders of record as of the close of business on June 7, 2010 one subscription right for each
share of common stock owned on the record date. Each whole subscription right will entitle the
holder to purchase one share of common stock directly from Hanmi at a subscription price of $1.20
per share. The shares offered in the registered best efforts offering will be offered at the same
purchase price per share. The subscription rights will be issued on or about June 11, 2010 and
shall be exercisable until 5:00 p.m. New York City time on July 12, 2010, unless Hanmi extends the
rights offering.
The registered offerings described in this press release will be conducted under an existing
effective shelf registration statement declared effective by the SEC on November 30, 2009. Rights
offering materials, including a prospectus supplement and related prospectus and other items
necessary to exercise the rights, will be mailed to stockholders following the time when a
prospectus relating to the rights offering is filed with the SEC. The rights being offered in the
rights offering, as well as the shares being offered in the best efforts offering, may not be
offered nor may offers to buy be accepted prior to the time the prospectus supplement relating to
the offerings is filed with the SEC. The prospectus supplement and related prospectus will contain
important information about the offering and investors are urged to read them carefully when
available. When available, copies of the prospectus supplement and related prospectus may be
obtained by contacting Hanmi Financial Corp., Attn: Investor Relations, David J. Yang 213-637-4798.
A more complete summary of the terms and conditions of the securities purchase agreement with Woori
will be detailed in a filing made on a Current Report on Form 8-K on or before June 1, 2010, with
the Securities and Exchange Commission. A copy of the 8-K filing will be available at
www.hanmi.com or www.sec.gov.
Additional Information
In connection with the proposed Woori investment, a proxy statement relating to certain of the
matters discussed in this news release is expected to be filed with the SEC. When available, copies
of the proxy statement and other related documents may be obtained for free from the SEC website
(www.sec.gov) or by contacting Hanmi Financial Corp., Attn: Investor Relations, David J. Yang
213-637-4798. Hanmi’s shareholders are advised to read the proxy statement when it becomes
available, because it will contain important information, and Hanmi notes that the shareholder
meeting on the matters discussed in the proxy statement may occur after the closing of the
registered rights and best efforts offering. Hanmi, its directors, executive officers and certain
members of management and employees may be considered “participants in the solicitation” of proxies
from Hanmi’s shareholders in connection with certain of the matters discussed in this news release.
Information regarding such persons and their interests in Hanmi is contained in Hanmi’s proxy
statements and annual reports on Form 10-K filed with the SEC. Hanmi has engaged the services of
D.F. King & Co., Inc. to assist in soliciting proxies. Shareholders and investors may obtain
additional information regarding the interests of
1