M&A Deal Summary

Hanmi Financial Acquires SWNB Bancorp

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

Acquisition Highlights
  • 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.

M&A Deal Summary

Date 2018-05-21
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

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.

Search 214,238 Deals Now

SEARCH BY

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

Try Free

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 6 of 6
Sector: Financial Services M&A 4 of 4
Type: Add-on Acquisition M&A Deals 5 of 5
State: Texas M&A 2 of 2
Country: United States M&A 6 of 6
Year: 2018 M&A 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 -