UPDATE 2-Hanmi Financial posts Q3 loss; seeks Korean investment

Thu Nov 5, 2009 7:59pm GMT
 
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* Q3 loss/shr $1.26 vs EPS $0.09 last yr

* Net interest income falls 26 pct to $26.5 mln

* Gets regulatory order to address liquidity issues

* Says in talks with Korean investors for capital infusion

* Shares fall as much as 7 pct (Adds conference call details, updates share movement)

Nov 5 (Reuters) - Hanmi Financial Corp (HAFC.O) posted a third-quarter loss on increased provisions for bad loans, and said it was in talks with Korean institutional investors for an additional capital infusion to weather the credit storm.

The bank also said it received a regulatory order seeking written plans to address issues related to capital, liquidity and asset quality.

Under the order, the bank is required to increase its capital by $100 million and maintain a ratio of tangible shareholders' equity to total tangible assets of not less than 9 percent by July 31, 2010.

The order from the California Department of Financial Institutions and the Federal Reserve Bank of San Francisco are effective Nov. 2.  Continued...

 

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