Hanmi Bank
Hanmi Bank is a Los Angeles-based community bank founded in 1982 as the first Korean American bank in the U.S., serving individual consumers, small-to-mid-sized businesses, and Korean companies operating in the U.S. across 32 branches in nine states.
- Company typePublic
- Founded1982
- HeadquartersLos Angeles, United States
- Headcount501–1,000
- GTM typeB2B and B2C
- OfferingServices
What Hanmi Bank does
Hanmi Bank is a Los Angeles-headquartered community bank founded in 1982 as the first Korean American bank in the U.S., operating as a wholly owned subsidiary of publicly traded Hanmi Financial Corporation (NASDAQ: HAFC). The bank serves a dual customer base of individual consumers and small-to-mid-sized businesses, with a particular specialization in Korean-American consumers and Korean companies operating in the United States, supported by bilingual staff and a dedicated Korea Desk. As of 3/31/2026, the bank reports $7.84B in total assets and $6.80B in total deposits, operating 32 full-service branches across nine U.S. states (California, Texas, Illinois, Virginia, New Jersey, New York, Colorado, Washington, and Georgia).
The product portfolio spans standard retail banking (checking, savings, money market, CDs, mortgages, credit cards) and a deeper business banking suite including commercial lending, SBA lending (where the bank ranks in the Top 2% of U.S. SBA lenders by 7(a) activity), equipment leasing, specialty lending, trade finance, treasury management, and merchant services. The technology stack is built around an integrated online and mobile banking platform with AES-256 encryption, EV SSL, secure firewalls, Zelle integration, and a financial-tools account-aggregation module; in 2025-2026 the bank added the Hanmi Authenticator for business MFA and fully digitized business checking account opening.
Revenue is generated primarily through net interest income from real estate, commercial, SBA, and trade finance lending, supplemented by transaction fees (wire transfers at $20/transaction, deposit account fees) and recurring service charges from treasury management, merchant services, and credit cards. The go-to-market model combines a relationship-based branch distribution channel with relationship managers for business banking, a 24/7 telebanking line, and a digital channel for consumer and increasingly SMB onboarding. The bank's competitive positioning rests on its 40+ years of Korean-American community trust, SBA lending scale, and bilingual trade-finance expertise for cross-border Korea-U.S. commerce.
Hanmi Bank firmographics
Firmographics- Name
- Hanmi Bank
- Legal name
- Hanmi Financial Corporation
- Website
- https://hanmi.com
- Company type
- Public
- Founded year
- 1982
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- Hanmi Bank is a Los Angeles-based community bank founded in 1982 as the first Korean American bank in the U.S., serving individual consumers, small-to-mid-sized businesses, and Korean companies operating in the U.S. across 32 branches in nine states.
- Ownership category
- akta.pro rank
Hanmi Bank industry classification
Industry- Product category
- Community Banking
- NAICS
- Commercial Banking (52211)
- SIC
- State Commercial Banks (6022)
- akta.pro primary industry
- SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC)
- akta.pro secondary industry
- Account & Balance Services (Operating accounts, statements, eBAM) (FSABAIAD)
Keywords
Where Hanmi Bank is headquartered
LocationHeadquarters
- HQ city
- Los Angeles
- HQ country
- United States
- HQ region
- North America
Offices11 records
Markets served
Hanmi Bank business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Net Interest Income: Interest income from lending activities including real estate loans, commercial loans, SBA loans, and trade finance. Primary revenue driver from interest rate spreads on deposits and loans.
- Loan Origination Fees: Fees generated from loan origination including commercial lending, SBA lending, equipment leasing, and specialty lending.
- Deposit Account Fees: Fees from checking accounts, savings accounts, money market accounts, and certificates of deposit. Includes wire transfer fees ($20 per domestic wire transaction) and other service charges.
- Trade Finance Services: Fees from trade finance services supporting international business transactions for customers.
- Credit Card Services: Revenue from credit card operations including interchange fees and annual fees.
- Treasury Management Services: Fees from commercial treasury management services for business customers.
- Merchant Services: Fees from merchant card processing services for business customers.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Domestic wire transfer fee |
| Other | Pay-as-you-go | Consumer domestic wire limit |
| Other | Quarterly | Q2 2026 Cash Dividend |
| Other | Quarterly | Q4 2025 Cash Dividend |
Go-to-market motion2 records
Distribution channels6 records
Marketing channels7 records
Hanmi Bank product offering
Product offeringCore offering
Hanmi Bank is a community bank providing deposit accounts (checking, savings, money market, CDs), consumer lending (mortgages, personal credit cards), and business banking (commercial lending, SBA 7(a) loans, equipment leasing, specialty lending, trade finance, treasury management, merchant services, business credit cards). It serves personal and business customers through 32 full-service branches across 9 U.S. states plus integrated online and mobile banking with specialized bilingual Korea Desk services for Korean-American and Korea-linked businesses.
Product overview
Hanmi Bank is a community bank offering a unified banking platform with personal and business banking services. The core product portfolio spans deposit accounts (checking, savings, money market, CDs) and lending products (mortgages, commercial loans, SBA loans, specialty lending, trade finance). Digital banking is delivered through an integrated online and mobile banking platform featuring Zelle payments, eStatements, and the Financial Tools aggregation module. Business banking includes specialized services like Treasury Management, Merchant Services, and the Korea Desk for Korean-American customers. The bank also offers complementary tools including the Hanmi Authenticator for enhanced security, the Hanmi Remote Cash Depositor for cash-intensive businesses, and uChoose Rewards for debit card holders. SBA lending is a key differentiator with Top 2% national lender status.
Differentiator
Problem solved
Functional benefit
Brands
- Hanmi Neighbor: Community outreach program featuring scholarship and volunteer programs for the community
- Hanmi Dream Scholarship
- Hanmi Authenticator
- Hanmi Remote Cash Depositor (HRCD)
Products and services
- Personal Checking Personal checking account with standard banking features, online and mobile access, and Zelle integration for person-to-person payments, targeted at individual consumers including the Korean-American community.
- Personal Savings & Money Market Personal savings and money market deposit accounts for accumulating funds with competitive interest rates, designed for individual savers.
- Personal Certificate of Deposit Time deposit accounts with fixed terms and guaranteed returns for personal savings.
- Home Mortgage Loans Residential mortgage financing for purchasing or refinancing owner-occupied properties, available to individual consumers.
- Personal Credit Cards Personal credit card products with rewards and fraud protection features, targeted at individual consumers.
- Business Checking Business checking accounts with 24/7 mobile access, relationship-based service, and full digital account opening capabilities, targeted at small and mid-sized business customers.
- Business Savings & Money Market Business savings and money market deposit accounts for business liquidity management.
- Business Certificate of Deposit Business time deposit accounts with fixed terms for surplus business funds.
- Commercial Lending Commercial loans including term loans and lines of credit for business expansion, equipment, and working capital, targeted at small and mid-sized businesses.
- SBA Lending Small Business Administration loans including SBA 7(a) loans, supporting small business growth; Hanmi is a Top 2% SBA Lender in the U.S.
- Equipment Leasing Financing solutions for business equipment acquisition through leasing arrangements.
- Specialty Lending Specialized lending solutions for unique business financing needs outside standard commercial lending parameters.
- Trade Finance International trade financing services including letters of credit and trade finance solutions for businesses engaged in global commerce, especially U.S.–Korea trade.
- Business Credit Cards Business credit card products with expense management and rewards features, targeted at business customers.
- Treasury Management Cash management and treasury services for business liquidity, payment processing, and financial operations.
- Merchant Services Payment processing solutions enabling businesses to accept card payments and manage transactions.
- Korea Desk Specialized banking services for Korean companies operating in the U.S. and Korean-American businesses, providing bilingual language support and cultural expertise for cross-border banking and trade.
- Online & Mobile Banking Digital banking platform providing 24/7 account access via web and mobile applications, including account management, transfers, bill pay, mobile check deposit, alerts, and Zelle integration for personal and business customers.
- Hanmi Remote Cash Depositor (HRCD) Smart safe solution for businesses handling large cash volumes, enabling secure cash deposits, automated counting, armored carrier transport, and same-day credit availability.
- Hanmi Authenticator Enhanced multi-factor authentication tool for business banking providing additional authentication layer and secure access verification.
Quantifiable outcome
- Top 2% SBA Lender in the U.S. by SBA 7a Activity
- +2 more outcomes
Companies that use Hanmi Bank
Customer profileNamed customers4 records
Segments4 records
Ideal customer profiles3 records
Hanmi Bank technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
Feature6 records
Hanmi Bank partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered minor and core.
- Korean Family Advisory & Counseling Center (KFAM)minorPartnership for Hanmi Dream Scholarship program supporting youth in foster care. KFAM helps distribute scholarships to foster youth and those affected by domestic violence. The partnership focuses on educational support for at-risk youth in the Korean-American community.
- Strategic Partner for Korean CompaniescoreHanmi Bank formed a strategic partnership to support Korean companies operating in the U.S. market, providing specialized banking services and community connections.
Scale indicators8 records
Recent moves6 records
Expansion highlights6 records
Hanmi Bank competitors and assessment
Company assessmentDirect peers
- Bank of Hope: Direct Korean-American community bank and Hanmi's closest competitor, formed from the merger of BBCN and Wilshire Bancorp. Competes head-to-head in Korean-American retail, SME, and SBA lending, serving a similar customer base with bilingual services.
- Cathay Bank: California-headquartered community bank serving Asian-American communities, with similar focus on ethnic community banking, commercial lending, and trade finance for Asian-American businesses, particularly Chinese-American.
- East West Bank: Asian-American focused commercial bank providing SBA lending, commercial loans, and trade finance to immigrant-owned businesses. Comparable as a community bank targeting Asian-American business customers on the West Coast.
- Royal Business Bank: California-based community bank serving primarily Chinese-American and Asian-American business customers with similar commercial lending, SBA, and trade finance offerings. Comparable scale and customer profile.
- Open Bank: California-chartered community bank focused on Korean-American and broader Asian-American commercial and retail banking, providing competing branch and digital banking services in the same Los Angeles market.
- First General Bank: Southern California community bank serving the Asian-American small business segment with deposit and commercial lending products, overlapping with Hanmi's Korean-American SME customer base.
- Pacific City Financial Corporation: Parent of Pacific City Bank, a Korean-American focused community bank in Southern California offering similar SBA, commercial, and retail banking services targeting the same customer demographic.
Broad incumbents
- NongHyup Bank (NACF) U.S. operations: Major Korean agricultural and banking cooperative with U.S. presence serving Korean companies and trade finance. Larger parent organization with broader Korean market positioning but overlapping Korean-American corporate and trade finance services.
- City National Bank: Los Angeles-headquartered commercial bank with significantly larger scale serving similar commercial, private banking, and entertainment industry clients in California. Comparable commercial banking products but broader market positioning.
- JPMorgan Chase (Community Banking/Business Banking): Largest U.S. bank providing small business banking, SBA loans, commercial banking, and digital platforms. Competes for the same deposit and small-business customers but at vastly larger scale and broader product breadth.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks4 records
Key highlights6 records
Customer concentration
Hanmi Bank social profiles
Digital presenceHanmi Bank compliance and trust
Trust signalCompliance1 record
Hanmi Bank financial estimates
Financial estimateRevenue estimate
Valuation estimate
Hanmi Bank leadership team
Management profileNumber of profiles
Profiles4 records
Hanmi Bank funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Hanmi Bank M&A and investment
M&A and investmentM&A3 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Hanmi Bank
What does Hanmi Bank do?
Hanmi Bank is a community bank providing deposit accounts (checking, savings, money market, CDs), consumer lending (mortgages, personal credit cards), and business banking (commercial lending, SBA 7(a) loans, equipment leasing, specialty lending, trade finance, treasury management, merchant services, business credit cards). It serves personal and business customers through 32 full-service branches across 9 U.S. states plus integrated online and mobile banking with specialized bilingual Korea Desk services for Korean-American and Korea-linked businesses.
Is Hanmi Bank a public or private company?
Hanmi Bank is a public company. It is classified as public and is currently operating.
When was Hanmi Bank founded?
Hanmi Bank was founded in 1982. It employs 501 to 1,000 people.
Where is Hanmi Bank based?
Hanmi Bank is headquartered in Los Angeles, United States, in the North America region.
How does Hanmi Bank make money?
Seven revenue lines are on record. Net Interest Income is the primary driver. The others are loan Origination Fees, deposit Account Fees, trade Finance Services, credit Card Services, treasury Management Services and merchant Services.
Who are Hanmi Bank's main competitors?
Direct peers on record are Bank of Hope, Cathay Bank, East West Bank, Royal Business Bank, Open Bank, First General Bank and Pacific City Financial Corporation. Broad incumbents are NongHyup Bank (NACF) U.S. operations, City National Bank and JPMorgan Chase (Community Banking/Business Banking).
Does Hanmi Bank have an API?
No public API is recorded for Hanmi Bank.
What industry is Hanmi Bank in?
Hanmi Bank's product category is Community Banking. Its primary akta.pro industry code is FSABABAC, SME Deposits & Business Accounts (Operating, Savings, CDs), with a secondary code of FSABAIAD, Account & Balance Services (Operating accounts, statements, eBAM). Its NAICS code is 52211 and its SIC code is 6022.