Hanmi Financial Corporation and its wholly-owned subsidiary, Hanmi Bank (the ?Bank?), 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. 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.