Hanmi Bank

Hanmi Financial Corp. of Los Angeles said its profit more than doubled to $14 million in the fourth quarter as regulators lifted 3-year-old orders requiring the parent of Hanmi Bank to raise more capital. The end of enforcement actions by state bank...

Asian Americans typically have the lowest unemployment rate of any ethnic group in the United States. But in this weak labor market, once they lose their jobs, they have an especially hard time reentering the labor force, data show. In July, nearly...

South Korean financial giant Woori Finance Holdings agreed Tuesday to invest at least $210 million in Hanmi Financial Corp. of Los Angeles, a deal that in effect would mean a takeover of Hanmi by the foreign bank instead of by......

Shares of Hanmi Financial Corp. have doubled in recent weeks on rumors that the Los Angeles bank, hammered by losses on commercial real estate, would be purchased by a South Korean banking firm. The company is the parent of Koreatown's......

Hanmi Financial Corp., operating under regulators' orders to raise capital for its Koreatown bank, said today it lost $35.9 million during the fourth quarter after setting aside $77 million to cover the mounting losses on its loans. The 70-cents-per-share...

Hanmi Financial Corp. shares jumped 21% on Thursday on a positive news report about the bank's efforts to find a source of new funds, averting a possible takeover by the government. Hanmi Financial, parent of Hanmi Bank in L.A.'s Koreatown,......

Anyone wondering whether Americans have the nerve to keep spending despite a rattled economy might have been cheered by the Friday morning scene at Fry's Electronics in Fountain Valley. And by the chutzpah of Sawmon Jahagiri, who paid $40 to a more...