Hanmi Financial (HAFC) in Los Angeles has hired a handful of banking executives from rival Korean-American lender BBCN Bank (BBCN).
The $2.7 billion-asset company has named new chief lending officer and chief banking officer and is creating a new office to handle its corporate and commercial and industrial lending, it announced Wednesday. The hirings and new banking center are part of a push to expand Hanmi's deposit share and loan portfolio, particularly its C&I lending, it said.
Anthony Kim is Hanmi Bank's new chief lending officer, and Peter Yang is its new chief banking officer, it said. Hanmi could not immediately be reached for further details on the appointments.
In addition, Chris Cho and Jay Kim have joined as corporate banking managers, and they will head Hanmi's new corporate banking center and will focus on expanding the company's C&I lending.
"Cho and Kim are leading experts in their field, and I'm confident that we will have one of the strongest and most knowledgeable C&I lending teams in the Korean-American community," said Bonnie Lee, Hanmi's chief operating officer, in a news release. "Our efforts to improve loan growth will be fortified by increased marketing efforts."
Lee, who joined Hanmi in August, is also a former BBCN executive.