Community banking

In Brief: Hanmi Chief Credit Officer Stepping Down

Published January 10, 2005, 2:00 a.m. EST

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Updated January 07, 2005, 4:33 p.m. EST

1 Min Read

Hanmi Financial Corp. in Los Angeles said that Dong Il Kim will resign this week as the chief credit officer of its Hanmi Bank.

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Cliff Sung, the bank's senior credit officer, will be its interim chief credit officer until a permanent successor is found, Hanmi said Friday. He had been the interim chief credit officer before Mr. Kim joined the $3 billion-asset Hanmi when it bought the $1.1 billion-asset Pacific Union Bank in April. (Mr. Kim had been Pacific Union's chief credit officer.)

The announcement of Mr. Kim's departure came just four days after Sung Won Sohn succeeded Jae Whan Yoo as Hanmi's president and chief executive. Mr. Sohn had been the chief economist for Wells Fargo Bank, a unit of Wells Fargo & Co.

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