Hanmi Financial Corporation Announces $75M Common Stock Offering

Hanmi Financial Corporation HAFC today announced that it has commenced an underwritten public offering of approximately $75 million of its common stock. FBR Capital Markets & Co. will act as sole book-running manager in connection with this public offering. The Company expects to grant the underwriter a 30-day option to purchase up to $11.25 million of additional common stock, solely to cover over-allotments, if any. The Company intends to contribute a substantial portion of the net proceeds from the offering to Hanmi Bank as additional capital and to support future organic and acquisition driven growth. The Company intends to retain the remaining net proceeds at the Company level for use as working capital and other general corporate purposes.