SUBSEQUENT EVENTS
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9 Months Ended |
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Sep. 30, 2012
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SUBSEQUENT EVENTS |
NOTE 13 — SUBSEQUENT EVENTS On October 29, 2012, the DFI informed the Bank that the Bank’s overall condition has improved and that the Memorandum of Understanding entered into between the Bank and the DFI on May 1, 2012 (the “MOU”) has been terminated. Accordingly, the Bank is no longer subjected to any of the requirements imposed by the MOU. On October 31, 2012, Lonny D. Robinson tendered his resignation as Executive Vice President and Chief Financial Officer of Hanmi Financial and the Bank, effective November 13, 2012. Mr. Robinson's resignation does not stem from any disagreement with Hanmi Financial or the Bank. Concurrently with Mr. Robinson's resignation, the Board of Directors of Hanmi Financial has appointed Mark Yoon as interim Chief Financial Officer, effective November 13, 2012. Mr. Yoon currently serves as Hanmi Financial's Senior Vice President and Chief Strategy Officer and will continue in those roles while he serves as interim Chief Financial Officer. Management has evaluated subsequent events through the date of issuance of the financial data included herein. Other than the events disclosed above, there have been no subsequent events that occurred during such period would require disclosure in this Quarterly Report on Form 10-Q or would be required to be recognized in the Consolidated Financial Statements (Unaudited) as of September 30, 2012. |
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- Definition
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. No definition available.
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