Losses continue at Hanmi Bank [LA Times]

From LA Times Money & Company blog:

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.

Last week I reported on this TheStreet article which mentioned that Woori Finance Holdings was "on course" to buy Hanmi. Last year I reported on several deposit deals at Hanmi Bank. I hope they can make it.