Hanmi Financial Corp HAFC
Morningstar’s Analysis
1-Star Price
PREMIUM
5-Star Price
PREMIUM
Economic Moat
PREMIUM
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Company Profile
Hanmi Financial Corp is a Los Angeles-based bank that caters to Korean-Americans. The bank mainly focuses on small businesses and commercial and real estate loans. Hanmi also offers trade-finance products. The bank has several lending offices outside California and plans to expand outside the state mainly through acquisitions. The Bank's revenues are derived primarily from interest and fees on loans, interest, and dividends on the securities portfolio, and service charges on deposit accounts.