Hanmi Financial (HAFC) Applies for $105 Million Under TARP
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Hanmi Financial Corporation (Nasdaq: HAFC) announced that it has filed an application to participate in the U.S. Department of Treasury's TARP Capital Purchase Program (CPP). The Company has applied for an investment of $105 million, which represents 3% of Hanmi's total risk-weighted assets as of September 30, 2008.
"Although we remain well capitalized, we would welcome an investment under the CPP," said Jay S. Yoo, President and Chief Executive Officer. "In enhancing our capital position, it would increase our ability to provide additional financing to the small and mid-sized businesses that are so essential to the American economy."
Hanmi Financial Corporation (Hanmi Financial) is the holding company for Hanmi Bank (the Bank).[SM]
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