Hanmi Financial Corp. has filed a shelf registration to raise up to $200 million.
The $3.5 billion-asset Los Angeles company, which is under regulatory pressure to boost its capital ratios, said Thursday in a filing with the Securities and Exchange Commission that it might issue common or preferred stock from time to time. The filing also allows for issuing debt securities, warrants, rights, depositary shares and units.
Hanmi said the proceeds would be used to add regulatory capital and for general corporate purposes.
At the end of the third quarter its bank unit qualified as well capitalized based on normal standards; but with a leverage ratio of 7.05%, it was out of compliance with an 8% requirement that regulators imposed earlier this year in a memorandum of understanding. And an agreement Hanmi signed this month with the California Department of Financial Institutions gave it until July 31 to increase shareholders’ equity by at least $100 million.
It has said that a capital infusion from two Korean companies is in the works; it has received $6.9 million of the $100 million it is hoping to get but still needs regulatory approval for the rest.