Center Financial Increases Quarterly Cash Dividend to $0.05 Per Share.

LOS ANGELES -- Center Financial Corporation (NASDAQ:CLFC), the holding company of Center Bank, today announced that its Board of Directors has declared a quarterly cash dividend of $0.05 per share. The cash dividend, which represents a 25 percent increase over the prior quarterly dividend of $0.04 per share, will be paid on or about July 11, 2007 to shareholders of record at the close of market on June 27, 2007.

While the Board intends that Center Financial will continue to pay cash dividends for the foreseeable future, no assurances are given that the performance of the company or Center Bank will justify the payment of cash dividends by Center Financial in any given period, or that the amount of any cash dividend paid will be the same as or greater than prior cash dividends paid.

About Center Financial Corporation

Center Financial Corporation is the holding company of Center Bank, a community bank offering a full range of financial services for diverse ethnic and small business customers. Founded in 1986 and specializing in commercial and SBA loans and trade finance products, Center Bank has grown to be one of the nation's leading financial institutions focusing on the Korean-American community, with total assets of $1.87 billion at March 31, 2007. Headquartered in Los Angeles, Center Bank operates 26 branch and loan production offices across the nation. Of the company's 17 full-service branches, 15 are located throughout Southern California, along with one branch each in Chicago and Seattle. Center Bank's nine loan production offices are strategically located in Phoenix, Seattle, Denver, Washington D.C., Las Vegas, Atlanta, Honolulu, Houston and Dallas. Center Bank is a California state-chartered institution and its deposits are insured by the FDIC to the extent provided by law. For additional information on Center Bank, visit the company's Web site at www.centerbank.com.