HANMI FINANCIAL Business Summary

Hanmi Financial Corp (HAFC) operates as the bank holding company for Hanmi Bank, generating the majority of its revenue through net interest income derived from a diversified loan portfolio and non-interest income from service charges and the sale of SBA loans. The company’s primary business segments include Commercial Real Estate (CRE), which comprises approximately 40% of its portfolio, Commercial and Industrial (C&I) lending, and specialized Small Business Administration (SBA) services. As a premier Korean-American community bank, Hanmi leverages a relationship-based model to serve multi-ethnic small-to-mid-sized businesses across nine states, with a heavy concentration in California. Its primary direct competitors include Hope Bancorp (HOPE), Cathay General Bancorp (CATY), and Ameris Bancorp (ABCB); within this peer group, Hanmi distinguishes itself through high asset quality and a niche focus on the Korean-American economic enclave. Hanmi Bank was founded in 1982 by George S. Chey and a group of Korean-American immigrants to provide financial support to the immigrant community in Los Angeles. The current leadership team is headed by President and CEO Bonita (Bonnie) I. Lee, a 30-year banking veteran who has led the company since 2019, and Senior Executive VP and CFO Romolo (Ron) C. Santarosa, formerly the CFO of First California Financial Group. The Board of Directors is chaired by John J. Ahn, founder of Whitehawk Capital Partners, and includes high-profile members such as Gideon Yu, the former CFO of Facebook and YouTube, and Daniel J. Medici, a former senior risk specialist for the OCC. The company maintains a strong institutional investor base, with approximately 89% of shares held by institutional entities as of early 2026.