Hanmi Financial closes $55M subordinated notes offering

Hanmi Financial Corporation (NASDAQ: HAFC) has closed a $55.0 million private placement of fixed-to-floating rate subordinated notes, according to a press release issued July 30, 2026.

The notes carry a fixed interest rate of 6.50% for the first five years, after which the rate will float quarterly at the three-month Secured Overnight Financing Rate (SOFR) plus 234 basis points. The notes mature on July 31, 2036, and may be redeemed at the company's option without penalty beginning July 31, 2031, or on any subsequent interest payment date.

Hanmi said it plans to use the net proceeds to redeem its existing $110.0 million in callable subordinated notes and for general corporate purposes. The new notes have been structured to qualify as Tier 2 capital for regulatory purposes.

D.A. Davidson & Co. acted as sole placement agent for the offering. Luse Gorman, PC advised Hanmi, while Manatt, Phelps & Phillips, LLP advised D.A. Davidson & Co.

The notes were sold in a private placement and have not been registered under the Securities Act of 1933. They are not deposits and are not insured by the Federal Deposit Insurance Corporation or any other government agency.

Hanmi Financial is headquartered in Los Angeles and is the parent company of Hanmi Bank, which operates 32 full-service branches across California, Texas, Illinois, Virginia, New Jersey, New York, Colorado, Washington, and Georgia.

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