Hanmi Financial Corp (Public, NASDAQ:HAFC) Watch this stock

Tapinder Katoch Investments www.stockcaps.blogspot.com
Hanmi Financial Corporation (Hanmi Financial) is a holding company for Hanmi Bank (the Bank). The Bank is a community bank conducting general business banking, with its primary market encompassing the Korean-American community, and other communities in the multi-ethnic populations of Los Angeles County, Orange County, San Bernardino County, San Diego County, the San Francisco Bay area, and the Silicon Valley area in Santa Clara County. The Bank provides its banking services through its branch network to a variety of small- to medium-sized businesses. As of December 31, 2009, the Bank had a branch network of 27 full-service branch offices in California and two loan production offices (LPOs) in Virginia and Washington. Its subsidiaries include Chun-Ha Insurance Services, Inc. and All World Insurance Services, Inc., which are insurance agencies offering a line of insurance products, including life, commercial, automobile, health, and property and casualty.
Thu Jan 27, 2011 9:23am EST
* Q4 EPS $0.04 vs est loss $0.07/shr

* Lower provision for bad loans boosts Q4

* Shares up 23 pct before market

Jan 27 (Reuters) - Hanmi Financial Corp (HAFC.O) reported its first quarterly profit in two years, helped by a steep decline in provision for bad loans, sending its shares up 23 percent premarket.

Net income for the fourth quarter was $5.3 million, or 4 cents a share, compared with a net loss of $35.9 million, or 70 cents a share, in the year ago period.

Analysts expected a loss of 7 cents a share, according to Thomson Reuters I/B/E/S.

PremierWest Bancorp (Public, NASDAQ:PRWT) Watch this stock 0.410 +0.066 (19.26%)

Tapinder Katoch Investments www.stockcaps.blogspot.com
PremierWest Bancorp (PremierWest) is a bank holding company that operates primarily through its principal subsidiary, PremierWest Bank (the Bank), which offers a variety of financial services. The Bank offers a range of banking services to its customers, principally to small and medium-sized businesses, professionals and retail customers. PremierWest Bank conducts a general commercial banking business, gathering deposits from the general public, and applying those funds to the origination of loans for real estate, commercial, consumer purposes and investments. The Bank also offers safe deposit facilities, traveler’s checks, money orders and automated teller machines at most of its facilities. The Bank offers a range of financial products and services through its network of branches encompassing a two-state region between northern California and southern Oregon. On July 17, 2009, the Company acquired two Wachovia Bank branches in Northern California.
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