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  6. Hanmi Financial Acquires Pacific Union Bank

M&A Deal Summary

Hanmi Financial Acquires Pacific Union Bank

On April 30, 2004, Hanmi Financial acquired financial services company Pacific Union Bank for 299M USD

Acquisition Highlights
  • This is Hanmi Financial’s 1st transaction in the Financial Services sector.
  • This is Hanmi Financial’s largest (disclosed) transaction.
  • This is Hanmi Financial’s 1st transaction in the United States.
  • This is Hanmi Financial’s 1st transaction in California.

M&A Deal Summary
Date 2004-04-30
Target Pacific Union Bank
Sector Financial Services
Buyer(s) Hanmi Financial
Deal Type Add-on Acquisition
Deal Value 299M USD
Advisor(s) FBR & Co. (Financial)
Manatt, Phelps & Phillips (Legal)

Target

Pacific Union Bank

Los Angeles, California, United States
Pacific Union Bank is a chartered commercial bank. Pacific Union offers various personal and business banking options. Customers can bank in person, as well as via ATM, telephone, fax and the Internet.

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Buyer(S) 1

Buyer

Hanmi Financial

Los Angeles, California, United States
Category Company
Founded 1982
Sector Financial Services
Employees615
Revenue 233M USD (2024)
DESCRIPTION

Hanmi Financial is a holding company for Hanmi Bank provides various banking products and services in the United States. Hanmi Financial was founded in 1982 and is based in Los Angeles, California.

DEAL STATS #
Overall 1 of 6
Sector: Financial Services M&A 1 of 4
Type: Add-on Acquisition M&A Deals 1 of 5
State: California M&A 1 of 4
Country: United States M&A 1 of 6
Year: 2004 M&A 1 of 1
Size (of disclosed) 1 of 3
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-02 Chun-Ha Insurance

Garden Grove, California, United States

Chun-Ha Insurance provides comprehensive insurance solutions, including commercial and personal insurance, and employee benefits services. Chun-Ha Insurance was founded in 1980 and is based in Garden Grove, California.

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