Parent of bank serving Korean community, with branch in Torrance, ordered to raise $100 million.

Hanmi Financial Corp., which owns the largest bank focused on the Korean American market, reported another large quarterly loss Thursday and said regulators had ordered it to raise $100 million in capital by July or face seizure.

The parent of Hanmi Bank wants to raise the new capital from private investors in South Korea, giving them a controlling stake, said Jay S. Yoo, the company’s chief executive.

But some analysts said the Los Angeles company would struggle to raise the needed money, mainly because regulators have permitted few … Continue Reading