A regulator has lifted a memorandum of understanding against Hanmi Bank after the Los Angeles institution's condition improved.

The California Department of Financial Institutions lifted the May order against Hanmi, a unit of the $2.8 billion-asset Hanmi Financial (HAFC), earlier this week.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.