Brief: Hanmi Financial - Told SWNB Bancorp That It Terminated Agreement And Plan Of Merger

Hanmi Financial

27/09/2018 14:21

Sept 27 (Reuters) - Hanmi Financial Corp  HAFC.O :
    * HANMI FINANCIAL - ON SEPT 26, PROVIDED NOTIFICATION TO
SWNB
BANCORP THAT IT TERMINATED AGREEMENT AND PLAN OF MERGER, DATED
AS OF MAY 18, 2018
    * HANMI FINANCIAL SAYS TERMINATION OF A MATERIAL CONTRACT BY
AND
BETWEEN COMPANY AND SWNB EFFECTIVE IMMEDIATELY
    * HANMI FINANCIAL - TERMINATION ON BASIS OF SWNB'S "WILLFUL
AND
MATERIAL" BREACHES OF COVENANTS, FAILURE OF SWNB TO GET SWNB
SHAREHOLDER VOTE
    * HANMI FINANCIAL - COMPANY IS CURRENTLY ASSESSING ITS
OPTIONS
WITH REGARD TO ANY ADDITIONAL ACTIONS

Source: https://bit.ly/2QakmFa
Further company coverage:  HAFC.O 

 ((Reuters.Briefs@thomsonreuters.com))