James Marasco Appointed to the Board of Hanmi Financial Corporation
January 25 2024 - 8:30AM
Hanmi Financial Corporation (NASDAQ: HAFC, or
“Hanmi”), and its wholly-owned subsidiary, Hanmi Bank (the
“Bank”), today announced that James Marasco has been appointed to
the Board of Directors of the Company and the Bank. The addition of
Mr. Marasco brings the total number of Hanmi Board directors to
ten.
“We are delighted to welcome Jim to the Hanmi
Board,” said John J. Ahn, Chairman of the Board. “With decades of
experience in commercial lending and a wide array of financial
services management, Jim brings a wealth of knowledge and
understanding to the Board that will enrich our strategic
discussions as we continue to steer Hanmi Bank toward new heights
of success. We look forward to leveraging his experience and
insights as we continue to create value for our shareholders and
all of Hanmi’s stakeholders."
Mr. Marasco was appointed to the Risk,
Compliance and Planning Committee and to the Compensation and Human
Resources Committee of the Company.
With more than 35 years of experience in
commercial lending and financial services, Mr. Marasco currently is
an Executive Vice President and Head of Originations at Gibraltar
Business Capital, a national middle market direct lender
headquartered in Northbrook, Illinois. He also was an independent
director for Gibraltar from 2021 to 2023. Prior to joining
Gibraltar, Mr. Marasco served as a Strategic Advisor for Crescent
Capital Group, L.P., a Los Angeles-based asset manager with more
than $40 billion in assets under management at that time. From 1989
to 2021, Mr. Marasco held numerous leadership positions in
originations and capital markets at Wells Fargo Capital Finance, a
division of Wells Fargo and Company. He was a member of its senior
credit committee for its asset-based lending and specialty
businesses and served on the company’s administrative, management,
and operating committees. Mr. Marasco earned his B.A. degree in
accounting from Michigan State University.
About Hanmi Financial
Corporation Headquartered in Los Angeles, California,
Hanmi Financial Corporation owns Hanmi Bank, which serves
multi-ethnic communities through its network of 35 full-service
branches and eight loan production offices in California, Texas,
Illinois, Virginia, New Jersey, New York, Colorado, Washington and
Georgia. Hanmi Bank specializes in real estate, commercial, SBA and
trade finance lending to small and middle market businesses.
Additional information is available at www.hanmi.com.
Investor Contacts:Romolo (Ron) SantarosaSenior
Executive Vice President & Chief Financial
Officer213-427-5636
Larry Clark, CFAInvestor RelationsFinancial Profiles,
Inc.lclark@finprofiles.com 310-622-8223
Media Contact:Juanita Gutierrez Vice
PresidentFinancial Profiles,
Inc.310-622-8235jgutierrez@finprofiles.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/238e6ffb-6e36-486b-8f9f-20c5b216bf8c
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