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Hanmi Bank Hosts Grand Opening Celebration of New Branch in Duluth, Georgia

1. Hanmi opened its first full-service branch in Duluth, Georgia. 2. Georgia hosts significant Korean business investment, exceeding $10 billion in 2023. 3. The branch aims to support local businesses and enhance community banking. 4. Hanmi Bank specializes in various lending services, including SBA loans. 5. Duluth's growth potential aligns with Hanmi's strategic expansion plans.

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Why Bullish?

The opening of a new branch signifies growth potential and increased market presence, similar to past successful expansions by regional banks which had positive impacts on stock prices.

How important is it?

The establishment of a new branch can significantly boost local banking operations, likely leading to improved financial performance.

Why Long Term?

This branch could enhance revenue streams over time, similar to other banks that benefitted from local community engagement and growth.

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KEYCUBEFHB
June 05, 2025 18:19 ET  | Source: Hanmi Bank DULUTH, Ga., June 05, 2025 (GLOBE NEWSWIRE) -- Hanmi Financial Corporation (Nasdaq: HAFC) (“Hanmi”), the holding company for Hanmi Bank, today welcomed local officials and community members to its grand opening celebration for its newest branch in Duluth, Georgia. Honored guests included Georgia State Representative Long Tran (Dist. 80), and Gwinnett County Commissioner Kirkland Carden. They were joined by several Hanmi Bank executives, including Bonnie Lee, President and CEO, Anthony Kim, Chief Banking Officer, and Cindy Yum, who serves as Branch Manager for the new Duluth location. The Duluth branch is Hanmi’s first full-service branch in Georgia, located at 2330 Pleasant Hill Road, Suite 100 – less than 30 miles from Atlanta. Georgia continues to be a key hub for Korean business investment and expansion. In fiscal year 2023, Korean companies announced over $10 billion in new investments and the creation of more than 12,600 jobs across the state, according to the Office of the Governor. Total trade between Georgia and Korea reached $17.5 billion last year, underscoring the strength of this dynamic economic partnership. “Our expansion in Georgia is an important step in our growth plans, and we’re excited to be a part of this community,” said Bonnie Lee, President and Chief Executive Officer of Hanmi Financial Corporation. “Duluth is a vibrant and diverse city that values business opportunity and community strength. We look forward to supporting local businesses and individuals, and contributing to the continued economic vitality of this region through our relationship-based banking model.” Hanmi Bank Duluth Branch offers a comprehensive range of personal and business banking services, including checking and savings accounts, commercial lending, SBA loans, and specialized financial solutions. Bank hours are Monday to Friday, 9:00 AM to 5:00 PM. About Hanmi Financial CorporationHeadquartered in Los Angeles, California, Hanmi Financial Corporation owns Hanmi Bank, which serves multi-ethnic communities through its network of 32 full-service branches, five loan production offices and three loan centers in California, Colorado, Georgia, Illinois, New Jersey, New York, Texas, Virginia and Washington. 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. ContactKelly McAndrewFinancial Profiles, Inc.310-622-8239kmcandrew@finprofiles.com Source: Hanmi Bank A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1979e6ea-5852-40ca-a7fe-5713ce755da3 Duluth Branch Grand Opening From the left:Anthony Kim, Hanmi Bank Chief Banking Officer;Sung Joon Ahn, Korea Trade-Investment Pr...

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