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.

Search 200,197 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Hanmi Financial

Los Angeles, California, United States
Category Company
Founded 1982
Sector Financial Services
Employees615
Revenue 250M USD (2023)
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) 1 of 4
Type (Add-on Acquisition) 1 of 5
State (California) 1 of 4
Country (United States) 1 of 6
Year (2004) 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.

Buy -
Mergr

Product

Company

Legal