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Hanmi Bank Announces Executive Search.

LOS ANGELES--(BUSINESS WIRE)--July 2, 1999--

Hanmi Bank (OTC BB:HNBK)--The Board of Directors of Hanmi Bank announced today that Soo Bong Min, President and Chief Executive Officer of Hanmi Bank, has submitted his resignation in order to pursue another career opportunity. Mr. Min's decision to terminate his employment with the Bank comes approximately nine months prior to the expiration of his current term of office.

The Board announced that it had instructed the Executive Committee to begin an active search to identify and interview highly qualified candidates to succeed Mr. Min. It is anticipated that this process, which is very important to the future of the Bank, may take a number of months to complete. Until then, the Bank's five member executive team will share Mr. Min's responsibilities.

Headquartered in Los Angeles, Hanmi Bank is the leader within its market with nine full service offices in Los Angeles and Orange Counties. The bank also operates one loan production office in San Diego. Hanmi Bank is a business bank conducting a general community banking business with a primary market focused on multi-ethnic small business customers. The bank specializes in commercial, SBA, trade finance, and consumer lending and is a recognized community leader serving the diverse communities throughout Southern California. The Bank's mission is to provide quality products and services to our customers and to maximize shareholder value.
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Publication:Business Wire
Geographic Code:1USA
Date:Jul 5, 1999
Words:229
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