Hanmi Financial receives FDIC approval to complete SWNB Bancorp merger
Hanmi Financial Corporation announced that it has received regulatory approval from the Federal Deposit Insurance Corporation to complete its pending merger with SWNB Bancorp, Inc. and the merger of their subsidiary banks. Hanmi expects to receive the final regulatory approval from the California Department of Business Oversight in the near future. The merger of Hanmi and SWNB remains subject to the satisfaction of customary closing conditions, including SWNB stockholder approval. SWNB is scheduled to hold a special stockholders' meeting on August 16, 2018 to vote on the transaction. Hanmi expects to close the transaction in the late third quarter or early fourth quarter of 2018.