Exhibit 10.29
 STATE OF CALIFORNIA
    
    ARNOLD SCHWARZENEGGER, GovernorBUSINESS, TRANSPORTATION AND HOUSING AGENCY
    
    DALE E. BONNER, Secretary
 DEPARTMENT OF FINANCIAL
INSTITUTIONS
WILLIAM S. HARAF, Commissioner of Financial Institutions
www.dfi.ca.gov
    
    (STAMP)
 cc:
    
    Gary Steven Findley, Esq.
Mary Luvisi, Federal Reserve Board
John Ross, Department of Financial Institutions, Los Angeles
David Spainhour, Department of Financial Institutions, Los Angeles
 45 Fremont Street, Suite 1700
    
    1810 13th Street
    
    300 S. Spring Street, Suite 15513
    
    7575 Metropolitan Drive, Suite 108San Francisco, CA 94105
    
    Sacramento, CA 95811
    
    Los Angeles, CA 90013
    
    San Diego, CA 92108(415) 263-8500
    
    (916) 322-5966
    
    (213) 897-2085
    
    (619) 682-7227




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STATE OF CALIFORNIA
 DEPARTMENT OF FINANCIAL INSTITUTIONS
 In the Matter of
    
    
    )))HANMI BANK
    
    
    )
    
    
    FINAL ORDER)
    
    
    (Financial Code Section 1913)))
 FINAL ORDER
  I.
    
    Hanmi Bank (Bank) shall discontinue its unsafe and injurious practices, as follows:
 1.
    
    Within 60 days of the effective date of this Order, the board of directors of
the Bank shall submit to the Department of Financial Institutions (Department) a
written plan to strengthen board oversight of the management and operations of the
Bank. The plan shall, at a minimum, address, consider, and include:
 (a)
    
    The actions that the board of directors will take to improve
the Banks condition and maintain effective control over, and supervision of,
the Banks major operations and activities, including but not limited to,
credit risk management, credit administration,




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processes to mitigate risks associated with credit concentrations,
earnings, and liquidity;(b)
    
    The responsibility of the board of
directors to monitor
managements adherence to approved policies and procedures,
and applicable laws and regulations; and(c)
    
    A description of the information and
reports that will be regularly
reviewed by the board of directors in its oversight of the operations
and management of the Bank, including information on the Banks
adversely classified assets, allowance for loan and lease losses,
capital, earnings, and liquidity.
 2.
    
    Within 60 days of the effective date of this Order, the Bank shall submit to the Department
an acceptable written plan to strengthen credit risk management practices. The plan shall, at
a minimum, address, consider, and include:
 (a)
    
    Procedures to periodically review and revise risk exposure limits to address
changes in market conditions;(b)
    
    Strategies to minimize credit losses and reduce the level of problem assets;(c)
    
    Enhanced stress testing of loan and portfolio segments; and(d)
    
    Procedures to identify, limit, and manage concentrations of credit that are
consistent with the interagency Guidance on Concentrations in Commercial Real Estate
Lending, Sound Risk Management Practices, dated December 12, 2006 (SR 07-1).
 2




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3.
    
    Within 60 days of the effective date of this Order, the Bank shall submit to the
Department acceptable revised written credit administration policies and procedures that
shall, at a minimum, address, consider, and include:
 (a)
    
    For loans that are modified, analyses of borrowers current financial
condition and guarantors cash flow and repayment sources(b)
    
    The appropriate use of interest reserves; and(c)
    
    Enhancements to the internal loan grading system to timely and accurately
identify individual problem credits.
 4.
    
    (a)    The Bank shall not, directly or indirectly, extend or renew any credit
to or for the benefit of any borrower, including any related interest of the borrower, who
is obligated to the Bank in any manner on any extension of credit or portion thereof that
has been charged off by the Bank or classified, in whole or in part, loss in the Report
of Examination of the Bank conducted by the Federal Reserve Bank of San Francisco and the
Department that commenced on April 13, 2009 (the Report of Examination) or in any
subsequent report of examination, as long as such credit remains uncollected.
 (b)
    
    The Bank
shall not, directly or indirectly, extend or renew any credit to or for the benefit of any
borrower, including any related interest of the borrower, whose extension of credit has
been classified doubtful or substandard in the Report of Examination or in any
subsequent report of examination, without the prior approval of the Banks board of
directors or the Banks loan committee. The board
 3




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of directors or loan committee shall document in writing the reasons for the
extension of credit or renewal, specifically certifying that: (i) the extension of
credit is necessary to protect the Banks interest in the ultimate collection of
the credit already granted or (ii) the extension of credit is in full compliance
with the Banks written loan policy, is adequately secured, and a thorough credit
analysis has been performed indicating that the extension or renewal is reasonable
and justified, all necessary loan documentation has been properly and accurately
prepared and filed, the extension of credit will not impair the Banks interest in
obtaining repayment of the already outstanding credit, and the board of directors
or loan committee reasonably believes that the extension of credit or renewal will
be repaid according to its terms. The written certification shall be made a part of
the minutes of the board of directors meetings, and a copy of the signed
certification, together with the credit analysis and related information that was
used in the determination, shall be retained by the Bank in the borrowers credit
file for subsequent supervisory review. For purposes of this Order, the term
related interest is defined as set forth in Section 215.2(n) of Regulation O of
the Board of Governors of the Federal Reserve System (Board of Governors) (12
C.F.R. § 215.2(n)).
 5.
    

    (a)   Within 60 days of the effective date of this Order, the Bank shall submit to the
Department an acceptable written plan designed to
 4




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improve the Banks position through repayment, amortization, liquidation, additional
collateral, or other means on each loan or other asset in excess of $3 million, including
other real estate owned (OREO), that (i) is past due as to principal or interest more than
90 days as of the date of this Order; (ii) is on the Banks problem loan list; or (iii)
was adversely classified in the Report of Examination. In developing the plan for each
loan, the Bank shall, at a minimum, review, analyze, and document the financial position
of the borrower, including source of repayment, repayment ability, and alternative
repayment sources, as well as the value and accessibility of any pledged or assigned
collateral, and any possible actions to improve the Banks collateral position.
 (b)
    
    Within 30 days of the date that any additional loan or other asset in excess of $3 million,
including OREO, becomes past due as to principal or interest for more than 90 days, is on the
Banks problem loan list, or is adversely classified in any subsequent report of examination
of the Bank, the Bank shall submit to the Department an acceptable written plan to improve the
Banks position on such loan or asset.(c)
    
    Within 30 days after the end of each calendar quarter thereafter, the Bank shall submit a
written progress report to the Department to update each asset improvement plan, which shall
include, at a minimum, the carrying value of the loan or other asset and changes
 5




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in the nature and value of supporting collateral, along with a copy of the Banks
current problem loan list, a list of all loan renewals and extensions without full
collection of interest in the last quarter, and past due/non-accrual report. The
board of directors shall review the progress reports before submission to the
Department and shall document the review in the minutes of the board of directors
meetings.
 6.
    
    (a)    Within 10 days after the effective date of this Order, the Bank shall eliminate from its
books, by charge-off or collection, all assets or portions of assets classified loss in the
Report of Examination that have not been previously collected in full or charged off.
Thereafter the Bank shall, within 30 days from the receipt of any federal or state report of
examination, charge off all assets classified loss unless otherwise approved in writing by
the Department.
 (b)
    
    Within 60 days after the effective date of this Order, the Bank shall
review and revise its allowance for loan and lease losses (ALLL) methodology consistent with
relevant supervisory guidance, including the Interagency Policy Statements on the Allowance
for Loan and Lease Losses, dated July 2, 2001 (SR 01-17 (Sup)) and December 13, 2006 (SR
06-17), and the findings and recommendations regarding the ALLL set forth in the Report of
Examination, and submit a description of the revised methodology to the Department. The
revised ALLL methodology shall be designed
 6




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to maintain an adequate ALLL and shall address, consider, and include, at a minimum, the
reliability of the Banks loan grading system, the volume of criticized loans,
concentrations of credit, the current level of past due and nonperforming loans, past loan
loss experience, evaluation of probable losses in the Banks loan portfolio, including
adversely classified loans, and the impact of market conditions on loan and collateral
valuations and collectibility.(c)
    
    Within 60 days of the effective date of this Order, the Bank shall submit to the Department
an acceptable written program for the maintenance of an adequate ALLL. The program shall
include policies and procedures to ensure adherence to the revised ALLL methodology and
provide for periodic reviews and updates to the ALLL methodology, as
appropriate. The program
shall also provide for a review of the ALLL by the board of directors on at least a quarterly
calendar basis. Any deficiency found in the ALLL shall be remedied in the quarter it is
discovered, prior to the filing of the Consolidated Reports of Condition and Income, by
additional provisions. The board of directors shall maintain written documentation of its
review, including the factors considered and conclusions reached by the Bank in determining
the adequacy of the ALLL. During the term of this Order, the Bank shall submit to the
Department, within 30 days after the end of each calendar quarter, a written report regarding
the board of directors quarterly review of the
 7




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ALLL and a description of any changes to the methodology used in determining the
amount of ALLL for that quarter.
 7.
    
    (a)    By December 31, 2009, the Bank shall have and thereafter
continue to maintain a ratio of tangible shareholders equity to total tangible
assets of not less than 7.0%. Such requirement shall be in addition to a fully
funded ALLL, the adequacy of which shall be satisfactory to the Commissioner as
determined at subsequent examinations and/or visitations.
 (b)
    
    By July 31, 2010, the Bank shall increase its
contributed equity capital by
not less than an additional $100 million, and shall thereafter maintain a ratio of
tangible shareholders equity to total tangible assets of not less than 9.0%. Such
requirement shall be in addition to a fully funded ALLL, the adequacy of which shall
be satisfactory to the Commissioner as determined at subsequent examinations and/or
visitations.(c)
    
    By December 31, 2010, and thereafter during the life of this Order, the Bank
shall maintain a ratio of tangible shareholders equity to total tangible assets of
not less than 9.5%. Such requirement shall be in addition to a fully funded ALLL, the
adequacy of which shall be satisfactory to the Commissioner as determined at
subsequent examinations and/or visitations.
 8.
    
    By November 30, 2009, the Bank shall develop, adopt, and implement a comprehensive capital
augmentation and maintenance plan (Capital
 8




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Plan) acceptable to the Commissioner. Such Capital Plan shall identify the sources and
timing of additional capital and shall, at a minimum, provide a plan for compliance with
Subparagraphs 7(a) through 7(d) of this Order. Such Capital Plan shall include provisions
for monitoring, controlling, and addressing risks to the Banks capital, and shall also
discuss contingency plans for identifying and raising additional capital in the future if
and when it should become necessary. Such Capital Plan shall be in a form and shall be
implemented in a manner acceptable to the Commissioner.9.
    
    The Bank shall notify the Department, in writing, no more than 30 days after the end of any
quarter in which any of the Banks capital ratios (total risk-based, Tier 1, or leverage) fall
below the approved Capital Plans minimum ratios. Together with the notification, the Bank
shall submit an acceptable written plan that details the steps the Bank will take to increase
the Banks capital ratios to or above the approved Capital Plans minimums.10.
    
    (a)    Within 60 days of the effective date of this Order, the Bank shall
submit to the Department a strategic plan to improve the Banks earnings, and a
budget for 2010. The written plan and budget shall include, but not be limited to:
 (i)
    
    Identification of the major areas where, and means by which,
the board of directors will seek to improve the Banks
operating performance;
 9




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(ii)
    
    A realistic and comprehensive budget for calendar year 2010,
including income statement and balance sheet projections; and(iii)
    
    A description of the operating assumptions that form the basis for, and adequately
support, major projected income, expense, and balance sheet
components.
 (b)
    
    A strategic
plan and budget for each calendar year subsequent to
2010 shall be submitted to the Department at least 30 days prior to
the beginning of that calendar year.
 11.
    
    Within 60 days of the effective date of this Order, the Bank shall submit to the Department
an acceptable written plan designed to improve management of the Banks liquidity position and
funds management practices that includes, but is not limited to, measures to reduce reliance
on short-term wholesale funding, including brokered deposits.12.
    
    Within 60 days of the effective date of this Order, the Bank shall submit to the Department
an acceptable revised written contingency funding plan that, at a minimum, identifies
available sources of liquidity and includes adverse scenario planning.13.
    
    (a)    The Bank shall not declare or pay any dividends, or make any other
distribution to its shareholder, without the prior written approval of the
Department.
 (b)
    
    All requests for prior approval shall be received at least 30 days prior to
the proposed dividend declaration date. All requests shall
 10




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contain, at a minimum, current and projected information on the Banks capital,
asset quality, earnings and ALLL needs.
 14.
    
    (a)    Within 60 days from the date of this Order, and during the life of this Order, the Banks
board of directors shall have and retain management acceptable to the Commissioner. Such
management shall include a Chief Executive Officer, a Chief Financial Officer, and a Chief
Credit Officer (collectively referred to as Senior Executive Officers) qualified to restore
the Bank to satisfactory condition.
 (b)
    
    During the life of this Order, the Bank shall have and retain members of the
Banks board of directors acceptable to the Commissioner. Such members of the Banks
board of directors shall possess the skills and abilities to satisfactorily perform
the duties of a director of the Bank, to properly oversee and provide appropriate
guidance to the management of the Bank, and shall be qualified to restore the Bank to
satisfactory condition. Without limiting the generality of the foregoing, the
Commissioner reserves the right to determine whether Banks current senior officers
and the current members of Banks board of directors will be considered to be
qualified for purposes of this Order.(c)
    
    During the life of this Order, the Banks board of directors shall notify the
Commissioner in writing when it proposes to add any individual to the Banks board of
directors or employ any individual
 11




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as a Senior Executive Officer. The notification must be received at least 30 days
before such addition or employment is intended to become effective and should
include a detailed description of the background and experience of the individual
or individuals to be added or employed. The Bank may not add any individual to its
board of directors or employ any individual as a Senior Executive Officer unless
and until the Commissioner has issued a notice of non-disapproval in writing.
 15.
    
    The Bank shall not open, relocate or discontinue any branch office or place of business/loan
production office without the prior written consent of the Commissioner.16.
    
    (a)    Within 10 days of the effective date of this Order, the board of
directors of the Bank shall appoint a committee (the Compliance Committee) to
monitor and coordinate the Banks compliance with the provisions of this Order. The
Compliance Committee shall include a majority of outside directors who are not
executive officers or principal shareholders of the Bank or Hanmi Financial
Corporation, as defined in Sections 215.2(e)(1) and 215.2(m)(1)
of Regulation O of
the Board of Governors (12 C.F.R. §§ 215.2(e)(1) and 215.2(m)(1)). At a minimum,
the Compliance Committee shall meet at least monthly, keep detailed minutes of each
meeting, and report its findings to the board of directors of the Bank.
 12




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(b)
    
    Within 30 days after the end of each calendar quarter following the effective
date of this Order, the Bank shall submit to the Department written progress
reports detailing the form and manner of all actions taken to secure compliance
with this Order and the results thereof.
 17.
    
    (a)    The Bank shall submit written plans, policies, procedures, and a
program that are acceptable to the Department within the applicable time periods
set forth in Paragraphs 2, 3, 5, 6(c), 7, 8, 10, and 11 of this Order.
 (b)
    
    Within 10 days of approval by the Department, the Bank shall adopt the
approved plans, policies, procedures, and program. Upon adoption, the Bank shall
promptly implement the approved plans, policies, procedures, and program, and
thereafter fully comply with them.(c)
    
    During the term of this Order, the approved plans, policies,
procedures, and program shall not be amended or rescinded without the prior
written approval of the Department.
 18.
    
    If the Department determines that the Bank has violated any substantive provision of this
Order, the Bank shall, for the purposes of the California Financial Code, be deemed to be
conducting its business in an unsafe or unauthorized manner and may subject the Bank to
further regulatory enforcement action by the Department.
 
 13




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II.
    
    This Order is effective immediately and shall remain effective and enforceable except to
the extent, and until such time as, the Commissioner shall amend, supplement, suspend or
terminate this Order.
  /s/ William S. HarafWilliam S. HarafCommissionerCalifornia Department of Financial Institutions 14




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STATE OF CALIFORNIA
 DEPARTMENT OF FINANCIAL INSTITUTIONS
 In the Matter of
    ))HANMI BANK
    )
    
    
    WAIVER AND CONSENT))
    HANMI BANKBy
    
    /s/ JOSEPH K. RHO

(Signature)JOSEPH K. RHOCHAIRMAN OF THE BOARD

(Print Name and Title)




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STATE OF CALIFORNIA
 DEPARTMENT OF FINANCIAL INSTITUTIONS
 In the Matter of
    )))HANMI BANK
    )
    
    
    FINAL ORDER)
    
    
    (Financial Code Section 1913)))
 FINAL ORDER
  I.
    
    Hanmi Bank (Bank) shall discontinue its unsafe and injurious practices, as follows:
 1.
    
    Within 60 days of the effective date of this Order, the board of
directors of the Bank shall submit to the Department of Financial Institutions
(Department) a written plan to strengthen board oversight of the management and
operations of the Bank. The plan shall, at a minimum, address, consider, and include:
 (a)
    
    The actions that the board of directors will take to
improve the Banks condition and maintain effective control over, and
supervision of, the Banks major operations and activities, including but not
limited to, credit risk management, credit administration,
 EXHIBIT A




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processes to mitigate risks associated with credit concentrations, earnings,
and liquidity;(b)
    
    The responsibility of the board of directors to monitor managements
adherence to approved policies and procedures, and applicable laws and regulations;
and(c)
    
    A description of the information and reports that will be regularly reviewed
by the board of directors in its oversight of the operations and management of the
Bank, including information on the Banks adversely classified assets, allowance for
loan and lease losses, capital, earnings, and liquidity.
 2.
    
    Within 60 days of the effective date of this Order, the Bank shall submit to the
Department an acceptable written plan to strengthen credit risk management practices. The plan
shall, at a minimum, address, consider, and include:
 (a)
    
    Procedures to periodically review and revise risk exposure limits to address
changes in market conditions;(b)
    
    Strategies to minimize credit losses and reduce the level of problem assets;(c)
    
    Enhanced stress testing of loan and portfolio segments; and(d)
    
    Procedures to identify, limit, and manage concentrations of credit that are
consistent with the Interagency Guidance on Concentrations in Commercial Real Estate
Lending, Sound Risk Management Practices, dated December 12, 2006 (SR 07-1).
 2




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3.
    
    Within 60 days of the effective date of this Order, the Bank shall submit to the
Department acceptable revised written credit administration policies and procedures that
shall, at a minimum, address, consider, and include:
 (a)
    
    For loans that are modified, analyses of borrowers current financial
condition and guarantors cash flow and repayment sources;(b)
    
    The appropriate use of interest reserves; and(c)
    
    Enhancements to the internal loan grading system to timely and accurately
identify individual problem credits.
 4.
    
    (a)
    The Bank shall not, directly or indirectly, extend or renew any credit
to or for the benefit of any borrower, including any related interest of the borrower, who
is obligated to the Bank in any manner on any extension of credit or portion thereof that
has been charged off by the Bank or classified, in whole or in part, loss in the Report
of Examination of the Bank conducted by the Federal Reserve Bank of San Francisco and the
Department that commenced on April 13, 2009 (the Report of Examination) or in any
subsequent report of examination, as long as such credit remains uncollected.
 (b)
    
    The Bank shall not, directly or indirectly, extend or renew any credit to or for the benefit
of any borrower, including any related interest of the borrower, whose extension of credit
has been classified doubtful or substandard in the Report of Examination or in any
subsequent report of examination, without the prior approval of the Banks board of
directors or the Banks loan committee. The board
 3




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of directors or loan committee shall document in writing the reasons for the
extension of credit or renewal, specifically certifying that: (i) the extension of
credit is necessary to protect the Banks interest in the ultimate collection of the
credit already granted or (ii) the extension of credit is in full compliance with
the Banks written loan policy, is adequately secured, and a thorough credit
analysis has been performed indicating that the extension or renewal is reasonable
and justified, all necessary loan documentation has been properly and accurately
prepared and filed, the extension of credit will not impair the Banks interest in
obtaining repayment of the already outstanding credit, and the board of directors or
loan committee reasonably believes that the extension of credit or renewal will be
repaid according to its terms. The written certification shall be made a part of the
minutes of the board of directors meetings, and a copy of the signed certification,
together with the credit analysis and related information that was used in the
determination, shall be retained by the Bank in the borrowers credit file for
subsequent supervisory review. For purposes of this Order, the term related
interest is defined as set forth in Section 215.2(n) of Regulation O of the Board
of Governors of the Federal Reserve System (Board of Governors) (12 C.F.R. §
215.2(n)).
 5.
    
    (a)
    Within 60 days of the effective date of this Order, the Bank shall submit to
the Department an acceptable written plan designed to
 4




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improve the Banks position through repayment, amortization, liquidation, additional
collateral, or other means on each loan or other asset in excess of $3 million, including
other real estate owned (OREO), that (i) is past due as to principal or interest more than
90 days as of the date of this Order; (ii) is on the Banks problem loan list; or (iii) was
adversely classified in the Report of Examination. In developing the plan for each loan,
the Bank shall, at a minimum, review, analyze, and document the financial position of the
borrower, including source of repayment, repayment ability, and alternative repayment
sources, as well as the value and accessibility of any pledged or assigned collateral, and
any possible actions to improve the Banks collateral position.
 (b)
    
    Within 30 days of the date that any additional loan or other asset in
excess of $3 million, including OREO, becomes past due as to principal or interest for
more than 90 days, is on the Banks problem loan list, or is adversely classified in any
subsequent report of examination of the Bank, the Bank shall submit to the Department an
acceptable written plan to improve the Banks position on such loan or asset.
 (c)
    
    Within 30 days after the end of each calendar quarter thereafter, the Bank shall submit a
written progress report to the Department to update each asset improvement plan, which shall
include, at a minimum, the carrying value of the loan or other asset and changes
 5




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in the nature and value of supporting collateral, along with a copy of
the Banks current problem loan list, a list of all loan renewals and extensions
without full collection of interest in the last quarter, and past
due/non-accrual report. The board of directors shall review the progress reports
before submission to the Department and shall document the review in the minutes
of the board of directors meetings.
 6.
    
    (a)
    Within 10 days after the effective date of this Order, the Bank
shall eliminate from its books, by charge-off or collection, all assets or portions of
assets classified loss in the Report of Examination that have not been previously
collected in full or charged off. Thereafter the Bank shall, within 30 days from the
receipt of any federal or state report of examination, charge off all assets classified
loss unless otherwise approved in writing by the Department.
 (b)
    
    Within 60 days
after the effective date of this Order, the Bank shall review and revise its allowance
for loan and lease losses (ALLL) methodology consistent with relevant supervisory
guidance, including the Interagency Policy Statements on the Allowance for Loan and Lease
Losses, dated July 2, 2001 (SR 01-17 (Sup)) and December 13, 2006 (SR 06-17), and the
findings and recommendations regarding the ALLL set forth in the Report of Examination,
and submit a description of the revised methodology to the Department. The revised ALLL
methodology shall be designed
 6




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to maintain an adequate ALLL and shall address, consider, and include, at a minimum, the
reliability of the Banks loan grading system, the volume of criticized loans,
concentrations of credit, the current level of past due and nonperforming loans, past loan
loss experience, evaluation of probable losses in the Banks loan portfolio, including
adversely classified loans, and the impact of market conditions on loan and collateral
valuations and collectibility.(c)
    
    Within 60 days of the effective date of this Order, the Bank shall submit to the
Department an acceptable written program for the maintenance of an adequate ALLL. The program
shall include policies and procedures to ensure adherence to the revised ALLL methodology and
provide for periodic reviews and updates to the ALLL methodology, as appropriate. The program
shall also provide for a review of the ALLL by the board of directors on at least a quarterly
calendar basis. Any deficiency found in the ALLL shall be remedied in the quarter it is
discovered, prior to the filing of the Consolidated Reports of Condition and Income, by
additional provisions. The board of directors shall maintain written documentation of its
review, including the factors considered and conclusions reached by the Bank in determining
the adequacy of the ALLL. During the term of this Order, the Bank shall submit to the
Department, within 30 days after the end of each calendar quarter, a written report regarding
the board of directors quarterly review of the
 7




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ALLL and a description of any changes to the methodology used in determining the
amount of ALLL for that quarter.
 7.
    
    (a)
    By December 31, 2009, the Bank shall have and thereafter
continue to maintain a ratio of tangible shareholders equity to total tangible
assets of not less than 7.0%. Such requirement shall be in addition to a fully
funded ALLL, the adequacy of which shall be satisfactory to the Commissioner as
determined at subsequent examinations and/or visitations.
 (b)
    
    By July 31, 2010, the Bank shall increase its contributed equity capital by
not less than an additional $100 million, and shall thereafter maintain a ratio of
tangible shareholders equity to total tangible assets of not less than 9.0%. Such
requirement shall be in addition to a fully funded ALLL, the adequacy of which shall
be satisfactory to the Commissioner as determined at subsequent examinations and/or
visitations.(c)
    
    By December 31, 2010, and thereafter during the life of this Order, the Bank
shall maintain a ratio of tangible shareholders equity to total tangible assets of
not less than 9.5%. Such requirement shall be in addition to a fully funded ALLL, the
adequacy of which shall be satisfactory to the Commissioner as determined at
subsequent examinations and/or visitations.
 8.
    
    By November 30, 2009, the Bank shall develop, adopt, and implement a comprehensive capital
augmentation and maintenance plan (Capital
 8




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Plan) acceptable to the Commissioner. Such Capital Plan shall identify the sources and
timing of additional capital and shall, at a minimum, provide a plan for compliance with
Subparagraphs 7(a) through 7(d) of this Order. Such Capital Plan shall include provisions
for monitoring, controlling, and addressing risks to the Banks capital, and shall also
discuss contingency plans for identifying and raising additional capital in the future if
and when it should become necessary. Such Capital Plan shall be in a form and shall be
implemented in a manner acceptable to the Commissioner.9.
    
    The Bank shall notify the Department, in writing, no more than 30 days after the end of any
quarter in which any of the Banks capital ratios (total risk-based, Tier 1, or leverage) fall
below the approved Capital Plans minimum ratios. Together with the notification, the Bank
shall submit an acceptable written plan that details the steps the Bank will take to increase
the Banks capital ratios to or above the approved Capital Plans minimums.
 10.
    
    (a)
    Within 60 days of the effective date of this Order, the Bank shall submit to the Department a
strategic plan to improve the Banks earnings, and a
budget for 2010. The written plan and budget shall include, but not be limited to:
 (i)
    
    Identification of the major areas where, and means by which,
the board of directors will seek to improve the Banks
operating performance;
 9




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(ii)
    
    A realistic and comprehensive budget for calendar year 2010,
including income statement and balance sheet projections; and(iii)
    
    A description of the operating assumptions that form the basis for, and
adequately support, major projected income, expense, and balance
sheet components.
 (b)
    
    A strategic plan and budget for each calendar year subsequent to
2010 shall be submitted to the Department at least 30 days prior to
the beginning of that calendar year.
 11.
    
    Within 60 days of the effective date of this Order, the Bank shall submit to the Department
an acceptable written plan designed to improve management of the Banks liquidity position and
funds management practices that includes, but is not limited to, measures to reduce reliance
on short-term wholesale funding, including brokered deposits.12.
    
    Within 60 days of the effective date of this Order, the Bank shall submit to the Department
an acceptable revised written contingency funding plan that, at a minimum, identifies
available sources of liquidity and includes adverse scenario planning.
 13.
    
    (a)
    The Bank shall not declare or pay any dividends, or make any other
distribution to its shareholder, without the prior written approval of the
Department.
 (b)
    
    All requests for prior approval shall be received at least 30 days prior
to the proposed dividend declaration date. All requests shall
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contain, at a minimum, current and projected information on the Banks capital,
asset quality, earnings and ALLL needs.
 14.
    
    (a)
    Within 60 days from the date of this Order, and during the life of this Order,
the Banks board of directors shall have and retain management
acceptable to the Commissioner.
Such management shall include a Chief Executive Officer, a Chief Financial Officer, and a
Chief Credit Officer (collectively referred to as Senior Executive Officers) qualified to
restore the Bank to satisfactory condition.
 (b)
    
    During the life of this Order, the Bank shall have and retain members of the
Banks board of directors acceptable to the Commissioner. Such members of the Banks
board of directors shall possess the skills and abilities to satisfactorily perform
the duties of a director of the Bank, to properly oversee and provide appropriate
guidance to the management of the Bank, and shall be qualified to restore the Bank to
satisfactory condition. Without limiting the generality of the foregoing, the
Commissioner reserves the right to determine whether Banks current senior officers
and the current members of Banks board of directors will be considered to be
qualified for purposes of this Order.
 (c)
    
    During the life of this Order, the Banks board of directors shall notify the
Commissioner in writing when it proposes to add any individual to the Banks board of
directors or employ any individual
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as a Senior Executive Officer. The notification must be received at least 30 days
before such addition or employment is intended to become effective and should
include a detailed description of the background and experience of the individual
or individuals to be added or employed. The Bank may not add any individual to its
board of directors or employ any individual as a Senior Executive Officer unless
and until the Commissioner has issued a notice of non-disapproval in writing.
 15.
    
    The Bank shall not open, relocate or discontinue any branch office or place of business/loan
production office without the prior written consent of the Commissioner.
 16.
    
    (a)
    Within 10 days of the effective date of this Order, the board of
directors of the Bank shall appoint a committee (the Compliance Committee) to
monitor and coordinate the Banks compliance with the provisions of this Order. The
Compliance Committee shall include a majority of outside directors who are not
executive officers or principal shareholders of the Bank or Hanmi Financial
Corporation, as defined in Sections 215.2(e)(1) and 215.2(m)(1) of Regulation O of
the Board of Governors (12 C.F.R. §§ 215.2(e)(1) and 215.2(m)(1)). At a minimum,
the Compliance Committee shall meet at least monthly, keep detailed minutes of each
meeting, and report its findings to the board of directors of the Bank.
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(b)
    
    Within 30 days after the end of each calendar quarter following the
effective date of this Order, the Bank shall submit to the Department written
progress reports detailing the form and manner of all actions taken to secure
compliance with this Order and the results thereof.
 17.
    
    (a)
    The Bank shall submit written plans, policies, procedures, and a
program that are acceptable to the Department within the applicable time periods
set forth in Paragraphs 2, 3, 5, 6(c), 7, 8, 10, and 11 of this Order.
 (b)
    
    Within 10 days of approval by the Department, the Bank shall adopt the
approved plans, policies, procedures, and program. Upon adoption, the Bank shall
promptly implement the approved plans, policies, procedures, and program, and
thereafter fully comply with them.
 (c)
    
    During the term of this Order, the approved plans, policies,
procedures, and program shall not be amended or rescinded without the prior
written approval of the Department.
 18.
    
    If the Department determines that the Bank has violated any substantive provision of this
Order, the Bank shall, for the purposes of the California Financial Code, be deemed to be
conducting its business in an unsafe or unauthorized manner and may subject the Bank to
further regulatory enforcement action by the Department.
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II.
    
    This Order is effective immediately and shall remain effective and enforceable except to the extent, and until
such time as, the Commissioner shall amend, supplement, suspend or terminate this Order.
 
 /s/ William S. Haraf
William S. HarafCommissionerCalifornia Department of Financial Institutions
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