Hanmi Bank Announces its Hurricane Harvey Relief Plans

LOS ANGELES, Sept. 05, 2017 -- Hanmi Bank (“Hanmi”), a wholly-owned subsidiary of Hanmi Financial Corporation (NASDAQ:HAFC), announced that it will donate up to $100,000 and offer multiple relief programs as a part of its Hurricane Harvey relief plan. 

C. G. Kum, President and CEO of Hanmi, visited Houston on September 5^th to present a $30,000 donation to the Houston Korean American Harvey Relief Fund (HKAHRF), an organization exclusively dedicated to supporting the Harvey victims. Additional support will be provided to other local non-profit organizations in the South Asian and Chinese American communities, as well as the general population in Houston. Hanmi will also initiate a program where it will match any funds raised by its directors and employees.

For the small business owners in the Houston area, Hanmi also announced a disaster relief loan program to help with rebuilding efforts. This loan program is designed to quickly approve and disburse loan funds up to $25,000 to small business owners in Houston. Hanmi already has personnel at its branches to assist with the disaster relief loan application process.

“As a bank that has grown with our communities for the past 35 years, we want to provide as much support as we can to help Houstonians rise from the difficulties caused by Hurricane Harvey. Together, we can rebuild a better, stronger Houston,” commented Mr. Kum.

Hanmi has implemented the following services to its customers who have been affected by Hurricane Harvey:

• Waiver of ATM fees at out-of-network ATMs (other bank ATMs outside of Hanmi’s ATM network)
• Waiver of overdraft fees
• Waiver of early CD withdrawal penalty fees for funds used for recovery
• Immediate availability of funds for insurance checks issued to Hanmi customers
• Flexible loan repayment plans
• Waiver of late fees on loan balances
• Will not send negative information to the credit bureaus for up to 90 days

About Hanmi Financial Corporation

Headquartered in Los Angeles, California, Hanmi Financial Corporation owns Hanmi Bank, which serves multi-ethnic communities through its network of 41 full-service branches and 6 loan production offices in California, Texas, Illinois, Virginia, New Jersey, New York, Colorado, Washington and Georgia. Hanmi Bank specializes in real estate, commercial, SBA and trade finance lending to small and middle market businesses.   Additional information is available at www.hanmi.com.

CONTACT:  Ray Yeom | PR Officer (213)427-4258 [email protected]