Los Angeles Business Journal

Hanmi CFO to Resign

By Deborah Crowe Friday, November 2, 2012

Hanmi Financial Corp. said late Friday that Chief Financial Officer Lonny Robinson will resign this month to pursue another opportunity.

Robinson, 55, joined Hanmi in October 2011 after a 25-year career that included stints as chief financial officer at several community banks, including fellow Koreatown bank Center Financial Corp.

At Hanmi, he helped shepherd the holding company for Hanmi Bank through reforms and rebuilding in the wake of the commercial real estate crisis that weakened several Korean-American banks. Prior to his arrival, capital-strapped Hanmi, which operates 27 full-service offices in Los Angeles and four other counties in California, had abandoned a planned merger with South Korea’s Woori Finance Holdings Co. Ltd. following regulatory resistance in both countries.

His last day is November 13.

Robinson will be replaced on an interim basis by Shick (Mark) Yoon, currently a senior vice president and chief strategy officer, Hanmi said. Yoon has been with Hanmi since 2008 and previously served as deputy chief financial officer.

Hanmi announced separately on Friday that the California Department of Financial Institutions determined that the bank’s “overall condition” has improved to the extent that a memorandum of understanding – which enabled the regulator to more closely monitor bank operations – had been terminated as of Monday.

Shares on Friday closed down 6 cents, or less than 1 percent, to $12.44 on the Nasdaq.