Add-on Acquisition • Financial Services

Hanmi Financial Acquires SWNB Bancorp

On May 21, 2018, Hanmi Financial acquired financial services company SWNB Bancorp for 77M USD

Acquisition Context
  • This is Hanmi Financial’s 4th transaction in the Financial Services sector.
  • This is Hanmi Financial’s 2nd largest (disclosed) transaction.
  • This is Hanmi Financial’s 6th transaction in the United States.
  • This is Hanmi Financial’s 2nd transaction in Texas.

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M&A Deal Summary

Date May 21, 2018
Target SWNB Bancorp
Sector Financial Services
Buyer(s) Hanmi Financial
Deal Type Add-on Acquisition
Deal Value 77M USD
Advisor(s) Sheshunoff & Co. Investment Banking (Financial)
Fenimore, Kay, Harrison & Ford (Legal)

Target Company

SWNB Bancorp

Houston, Texas, United States
SWNB Bancorp, Inc. is a provider of financial services. SWNB Bancorp was founded in 2004 and is based in Houston, Texas.
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Buyer Overview 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 Context for Buyer #
Overall 6 of 6
Sector: Financial Services 4 of 4
Type: Add-on Acquisition 5 of 5
State: Texas 2 of 2
Country: United States 6 of 6
Year: 2018 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-27 Banc of California - Commercial Specialty Finance

Irvine, California, United States

Banc of California, Inc. - Commercial Specialty Finance is a provider of financial services for commerical equipment leasing in US.

Buy -