Hanmi Financial Corp. announced Monday that it has hired the investment bank Cappello Capital Corp. to explore strategic alternatives to satisfy regulators.
The move by the $3.1 billion-asset company follows its filing of a $200 million shelf registration I in November.
In that month, the California Department of Financial Institutions gave it until July 31 to increase its shareholder equity by at least $100 million.
At Dec. 31, the of Los Angeles company's Hanmi Bank unit was adequately capitalized with a total risk-based capital ratio of 9.07%.
Since last year, Hanmi has said that it has in the works a capital infusion for as much as $100 million from two Korean companies. Of that, a $6.9 million infusion has been made, with the remainder awaiting regulatory approval.