CONTIGENCY CLAUSES: "I'm not paying $50 million for the current bank," but for the "future condition, when it has a relatively clean balance sheet," Hanmi CEO C.G. Kum says of requirements in the deal that Central lower its classified assets and make other fixes.

Hanmi's M&A Shift Changes Korean-American Bank Picture

Early in the year Hanmi Financial in Los Angeles was poised to put itself up for sale. But its deal to buy a Texas bank with operations in six states could rearm Hanmi in its fight with BBCN Bancorp and Wilshire Bancorp to be the top Korean-American bank.

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