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Losses continue at Hanmi Bank [LA Times]

Thursday, January 28, 2010 - 1:39 PMHanmi Bank - Details
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.
Ken TuminKen Tumin5,473 posts since
Nov 29, 2009
Rep Points: 125,800