HANMI FINANCIAL CORPORATION (NASDAQ:HAFC) Files An 8-K Other EventsItem 8.01. Other Events.
On August 30, 2018, Hanmi Financial Corporation (the “Company”) announced that its Board of Directors adopted its first stock repurchase program. Under the repurchase program, the Company may repurchase up to 5% of its outstanding shares or approximately 1.6 million shares of its common stock.
A copy of the press release announcing the stock repurchase program is included as exhibit 99.1 to this report and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
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(a) |
No financial statements of businesses acquired are required. |
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(b) |
No pro forma financial information is required. |
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(c) |
Not Applicable. |
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(d) |
Exhibits. |
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99.1 |
Press Release dated August 30, 2018 |
HANMI FINANCIAL CORP ExhibitEX-99.1 2 exh_991.htm PRESS RELEASE EdgarFilingEXHIBIT 99.1Hanmi Financial Corporation Announces First Stock Repurchase Program LOS ANGELES,…To view the full exhibit click here
About HANMI FINANCIAL CORPORATION (NASDAQ:HAFC)
Hanmi Financial Corporation is the holding company for Hanmi Bank (the Bank). The Bank is a community bank conducting general business banking, with its primary market encompassing the Korean-American community, as well as other ethnic communities across California, Colorado, Georgia, Illinois, New York, Texas, Virginia and Washington. The Bank’s client base reflects the multi-ethnic composition of these communities. The Bank maintains a branch network of over 40 full-service branch offices in California, Illinois, New Jersey, New York, Texas and Virginia, and loan production offices in California, Colorado, Texas, Virginia and Washington State. Its lending activities include real estate loans (commercial property, construction and residential property), commercial and industrial loans (commercial term loans, commercial lines of credit and international), and consumer loans and small business administration (SBA) loans. Its revenues are derived from interest and fees on its loans.