The Hanmi Bank is a community bank founded in 1982, and encompasses most of California

California

California is a state located on the West Coast of the United States. It is by far the most populous U.S. state, and the third-largest by land area...

. As of 2008, it owned and operated approximately twenty-two branches.

Hanmi Bank which offers both personal and business financial services is a wholly owned subsidiary of Hanmi Financial Corporation, Inc.

History

The bank opened expanded very quickly after its inception, in just five years after opening its doors the Hamni Bank conducted its IPO

Initial public offering

An initial public offering or stock market launch, is the first sale of stock by a private company to the public. It can be used by either small or large companies to raise expansion capital and become publicly traded enterprises...

 and is listed on NASDAQ.

Throughout its history the bank has bought and acquired several companies such as the First Global Bank as well as the Pacific Union Bank and the Chun Ha Insurance Agency. In 2001, they listed on the NASDAQ

NASDAQ

The NASDAQ Stock Market, also known as the NASDAQ, is an American stock exchange. "NASDAQ" originally stood for "National Association of Securities Dealers Automated Quotations". It is the second-largest stock exchange by market capitalization in the world, after the New York Stock Exchange. As of...

 as (symbol: HAFC). More recently, they expanded to include Insurance

Insurance

In law and economics, insurance is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for payment. An insurer is a company selling the...

 and Wealth Management

Wealth management

Wealth management is an investment advisory discipline that incorporates financial planning, investment portfolio management and a number of aggregated financial services...

services.