Hanmi to Sell Stock

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Under pressure from regulators to raise capital, Hanmi Financial Corp. filed a shelf registration late Thursday to raise up to $200 million.

The Koreatown holding company for Hanmi Bank said it hopes to raise the capital through the sale of securities such as common and preferred stock, debt or warrants.

The beleaguered bank, which recently reported a quarterly loss of nearly $60 million, received a pair of regulatory orders this month directing it to improve asset quality and raise capital. The bank’s total risk-based capital ratio recently fell below 10 percent, the level considered “well-capitalized” under regulatory guidelines.

The bank recently secured a $7 million infusion from a South Korean investor and said it is in active negotiations for additional capital.

Hanmi shares were up 14 cents, or 12 percent, to $1.32 in midday trading Friday on the Nasdaq.

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