No stored Google rating available.
Hanmi Bank is a 40+ year old FDIC-insured bank offering personal and business checking, savings, SBA lending, and digital banking solutions with branch locations nationwide.
Data compiled from public sources
Hanmi Bank was founded in 1982 and holds the distinction of being the first Korean American bank in the United States. 13 billion in deposits as of September 30, 2025. It maintains a network of full-service branches and personalized loan offices across the country, serving both individual and business customers.
The bank offers a comprehensive range of services including personal checking and savings accounts, business banking with 24/7 mobile access, and listed SBA lending programs. Hanmi Bank provides digital banking tools that allow customers to categorize spending, set budgets, visualize spending habits, and access financial planning features. For business customers, the bank offers online domestic wire transfers, relationship-based banking, and personalized guidance.
The institution is FDIC-insured, providing federal deposit protection. Hanmi Bank distinguishes itself through its focus on relationship-based banking and listed experience context in small business lending. S.
according to the 7a Activity Report as of September 30, 2024, and was recognized by Forbes in 2024 as one of America's Best Banks. The bank holds a 2-star rating from Bauer Financial. For business checking accounts, Hanmi offers promotions such as earning up to 200,000 points worth up to $2,000 in cash value.
Hanmi Bank is a legitimate, well-established FDIC-insured institution with strong regulatory oversight and a long operating history. However, as a full-service traditional bank, it may have higher minimum balance requirements and less rate claims to verify compared to online-only banks. Customers should verify current rates and fees directly, as the website does not prominently display APY rates or specific fee schedules.
The bank emphasizes security features and has recently enhanced protocols such as limiting OTP delivery to phone-only for business customers.
This is state-level context for Banks consumers in Los Angeles, CA. It does not confirm that Hanmi Bank or this specific location is licensed.
State regulator
California Department of Financial Protection and Innovation (DFPI)
Consumer protection
Source: CreditDoc state-law summary and listed public regulator resources. Verify licensing directly with the listed state regulator before relying on a provider.
Hanmi Bank processed 25 mortgage applications in 2023, with 80% recorded as approved across 2 states.
25
Applications
80%
Approval Rate
$1.2M
Avg Loan
2
States Served
Based on 25 applications. Income in thousands (reported by applicant).
Source: CFPB Home Mortgage Disclosure Act (HMDA) Data, 2023. Applications include originated, approved, and denied loans.
Hanmi Bank offers 12 services including Personal checking accounts, Personal savings accounts, Business checking accounts with promotional point rewards, Business banking with 24/7 mobile access, SBA lending programs (top 2% SBA lender), and 7 more.
Hanmi Bank has profile signals associated with Small business owners seeking listed SBA lending and relationship-based banking support, Customers who value in-person branch relationships alongside digital banking convenience, Individuals and businesses seeking FDIC-insured deposits with institutional stability and 40+ year track record, Korean American communities and those seeking culturally-aware banking services.
Key strengths: FDIC-insured with $9.62 billion in total assets, providing strong institutional stability; Ranked in top 2% of SBA lenders in the U.S., with listed small business lending experience context; 40+ years of operating history as the first Korean American bank in the U.S.. Areas to consider: Website does not clearly display APY rates or fee structures for comparison shopping; Specific minimum balance requirements for accounts not listed on homepage.
In the Banks category, comparable providers include Commercial Bank of California (Formerly Community Bank of the Bay), East West Bank, LendingClub. Each company has different strengths, so compare services, pricing, and consumer complaint records before deciding what to do next.
CreditDoc Profile Note
Hanmi Bank is best suited for small business owners seeking listed SBA lending experience context and relationship-based service, as well as individuals who value institutional stability, branch access, and integrated digital tools. The main caveat is that customers should directly verify current rates, fees, and minimum balances, as these are not prominently displayed on the website, and compare offerings against online-only competitors before opening an account.
Commercial Bank of California (formerly Community Bank of the Bay) is a regional bank offering checking, savings, and business banking services to California consumers and small businesses.
Google rating from 7 reviews
Profile signals: California-based consumers seeking regional banking relationships with local decision-making, Small business owners preferring community bank service models over national chains
FDIC-insured bank offering personal and commercial banking, home loans, wealth management, and international trade solutions with multilingual support.
Google rating from 21 reviews
Profile signals: Bilingual/multilingual customers seeking banking services in their preferred language, Small business owners and entrepreneurs needing SBA loans and commercial banking services
LendingClub is a digital marketplace bank offering personal loans up to $60,000, auto refinancing, and award-winning checking/savings accounts with no physical branches.
Google rating from 4,720 reviews
Profile signals: Borrowers with good-to-excellent credit seeking competitive personal loan rates, Credit card debt consolidators looking for fixed-rate alternatives
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