Shares of Hanmi Financial Corp. were down nearly 10 percent Thursday after the Koreatown bank holding company revealed that talks with a potential investor had ended without a deal. Regulators have told the parent of Hanmi Bank it needs to raise $100 million in capital by July 31 due to losses stemming from its commercial [...]
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First Cal Plans 10 Million Share Offering
Posted by admin on March 29th, 2010
The holding company of First California Bank announced Thursday that it plans to sell 10 million shares of common stock to fund working capital needs, acquisitions and regulatory expenses. The offering will be underwritten by brokerage firm Keefe Bruyette & Woods in New York. The Westlake Village bank currently has 17 branches in Los Angeles, [...]
SEC Puts Brakes on Bus Driver Investment Plan
Posted by admin on March 29th, 2010
Financial fraud often goes unnoticed when the economy is strong. But in times like these, scams tend to fall apart. That’s especially the case with Ponzi schemes that rely on new investors to pay off older ones. In a tough economy, fresh money tends to dry up while withdrawals tend to rise. A local example [...]
Overhauled Brokerage Beefs Up in Los Angeles
Posted by admin on March 18th, 2010
Since centralizing its business structure in December, Colliers International of Seattle has been busy hiring and promoting others within the company in Los Angeles. In January, Colliers hired top multifamily broker Kitty Wallace, who was formerly with Sperry Van Ness. It also has promoted Darrin Kennedy and Bret Hardy to newly created national managing director [...]
Tags: Debit Card Company Takes a Run at Utah Bank
Posted by admin on March 18th, 2010
Green Dot Bank? A funny name for sure – but it’s not out of the realm of possibility. Green Dot Corp., an issuer of prepaid debit cards that made news last week with plans for a $150 million IPO, has been quietly pursuing plans to operate its own bank. The Monrovia company has filed papers [...]
