# HANMI FINANCIAL CORP (HAFC) — capital_raise/private_placement [announced]
Source: SEC API (secapi.ai) · situation sit_063191673b27f6b271c6 · retrieved 2026-08-11T16:13:58.121Z

## Overview
Hanmi Financial Corporation is a Delaware-incorporated bank holding company for Hanmi Bank, a California state-chartered bank, engaged in commercial banking operations.

On July 30, 2026, Hanmi Financial Corporation issued $55.0 million in aggregate principal amount of 6.50% Fixed-to-Floating Rate Subordinated Notes due July 31, 2036 to qualified institutional buyers and institutional accredited investors in a private placement. The Notes bear interest at a fixed annual rate of 6.50% through July 31, 2031, then convert to a floating rate equal to Three-Month Term SOFR plus 234 basis points through maturity. Interest is payable semi-annually during the fixed period and quarterly during the floating period. The Company intends to use net proceeds to redeem its outstanding 3.75% Fixed-to-Floating Rate Subordinated Notes due 2031 ($110.0 million principal) and for general corporate purposes. The Notes are unsecured, subordinated obligations ranking junior to senior indebtedness and cannot be redeemed before the fifth anniversary of issuance, except in limited circumstances (Tier 2 Capital Event, Tax Event, or Investment Company Event).

## Terms
- Counterparty: Qualified institutional buyers and institutional accredited investors · Deal value: $55.0M · Consideration: cash

## Key dates
- Announced 2026-07-30

## Timeline
- 2026-07-30 · 8-K (0001193125-26-326406): 8-K - HANMI FINANCIAL CORP — *Hanmi Financial Corporation is a Delaware-incorporated bank holding company for Hanmi Bank, a California state-chartered bank, engaged in commercial banking operations.* On July 30, 2026, Hanmi Financial Corporation issued $55.0 million in aggregate principal amount of 6.50% Fixed-to-Floating Rate Subordinated Notes due July 31, 2036 to qualified institutional buyers and institutional accredited investors in a private placement. The Notes bear interest at a fixed annual rate of 6.50% through July 31, 2031, then convert to a floating rate equal to Three-Month Term SOFR plus 234 basis points through maturity. Interest is payable semi-annually during the fixed period and quarterly during the floating period. The Company intends to use net proceeds to redeem its outstanding 3.75% Fixed-to-Floating Rate Subordinated Notes due 2031 ($110.0 million principal) and for general corporate purposes. The Notes are unsecured, subordinated obligations ranking junior to senior indebtedness and cannot be redeemed before the fifth anniversary of issuance, except in limited circumstances (Tier 2 Capital Event, Tax Event, or Investment Company Event).
  https://www.sec.gov/Archives/edgar/data/1109242/0001193125-26-326406.txt

## Citations
- 0001193125-26-326406 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000119312526326406