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Hana Bank expands US network with new LA branch
By Han
Neul-bit, The Korea Herald - Hana Financial Group announced Wednesday that its
US subsidiary Hana Bank USA opened a new branch in Los Angeles on Monday,
marking the bank’s first new branch in the United States in 22 years.
Hana Bank USA
has primarily operated in the eastern US — including New York, Georgia and
Florida — offering business loans and retail banking services. The bank
returned to profitability in the third quarter of 2022 and has maintained
strong performance since.
In May, all
restrictions imposed by US financial authorities were lifted, enabling the bank
to open its new branches. Hana Financial Group said it plans to widen its
network nationwide through its localization strategy.
The group also
intends to expand financial support for Korean companies entering the US market
and assist US companies seeking to invest in Korea, in line with recent policy
changes.
"It is
deeply meaningful to announce the group's new beginning in LA, where many
Koreans have grown with dreams and visions, forming a local community
together," said Hana Financial Group Vice Chair Lee Eun-hyung.
"We will
continue to serve as a financial partner, providing convenient and innovative
services for customers, as well as integrated financial solutions that combine
retail and corporate banking."
