Welcome to Hanmi Financial Corporation 2009 third quarter conference call. (Operator Instructions) This conference call is being recorded today November 5th, 2009. This call may contain forward-looking statements, which are made under the SEC’s Safe Harbor rules for forward-looking statements. Forward-looking statements relate to the company’s future operations, prospects and businesses and are identified by words such as may, will, should, could, expects, plans, intends, anticipate, believes, estimates, predicts, potential or continue or the negative of such terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable based upon our current judgment, we cannot guarantee future results, level of activity, performance or achievements. These statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ from those expressed or implied by the forward-looking statements. Such statements are subject to certain risks and uncertainties, many of which are difficult to predict and generally beyond the control of Hanmi Financial. Accordingly, actual results may differ materially from those expressed and/or implied or projected by forward-looking information and statements. Hanmi undertakes no obligation to update any forward-looking statements in the future. For additional information on factors that could cause actual results to differ materially from the anticipated results or other expectations expressed in the forward-looking statements, please see the company’s filings with the SEC. Representing the company today are Jay S. Yoo, Hanmi's President and Chief Executive Officer; Brian Cho, Executive Vice President and Chief Financial Officer; and Charles Kim, First Vice President and Senior Loan Officer. I will now turn the call over to Mr. Yoo. Please go ahead, sir.

Thank you, Terry. Good morning everyone and thanks for joining us today. As many of you are well aware, John Park, our Chief Credit Officer recently passed away. We have appointed John [Auk Sun] our loans division leader as interim CCO pending regulatory approval. He will perform the duties of CCO until a permanent appointment is made, but today issues of credit quality will be addressed by Brian. As discussed in the morning's press release, our third quarter loss of $59.7 million was largely caused by tax charges of $38.2 million to establish a $44.9 million valuation allowance against the state deferred tax assets and a portion of the federal deferred tax assets. This is not a write off a tangible asset but simply a valuation allowance that can be reversed in the future. In absence of this non-operative charge, our third quarter operating loss is $31.6 million or $0.46 per share compared to our net loss of $9.5 million or $0.21 per share in the second quarter. The $49.5 million provision for credit losses, which replaced the impact of the CRE market deterioration on our borrowers, again resulted in a disappointing quarter. Responding to the ever-worsening credit market, we have employed various credit quality management programs such as independent loan reviews and collateral re-operators. We have also updated our ALLL methodology and loan-trading systems to ensure that our allowance [especially in] this quickly deteriorating credit markets. Delinquent loans were $151 million, 5.07% of total gross loans at September 30, 2009, decreased by 16% from $178.7 million, 5.66% of total gross loans at June 30, 2009. With this reduced delinquency and a higher allowance level the anticipated credit losses in this prolonged economic downturn appear to be well deserved. We also made important and meaningful improvement in our core banking…

In the quarter, we established a valuation allowance of roughly $45 million against our existing DTA, Deferred Tax Assets. Under the U.S GAAP our valuation allowance must be recognized if it is more likely than not that DTA will not be realized. During our periodic evaluation, we decided to establish a valuation allowance as of September 30 based on the existence of a three-year cumulative loss. This three year cumulative loss position was resulted from significant loan loss provisions we provided this year. Although, our credit financial forecasts indicate sufficient taxable income will be generated to realize these existing DTAs in the future. Those forecasts were not considered sufficient positive evidence to overcome the observable negative evidence, the aforementioned three-year cumulative loss position. Although this valuation allowance increased tax expenses and reduced our tangible book value, it did not have an effect on our cash flow. We delivered the remaining net DTA over to $2.5 million to be realized in the fourth quarter of this year. I will now turn my remarks to liquidity, which we continued to focus on. Year-to-date in 2009, deposits declined by just $78 million and such decrease was accompanied by far more decreases on the loan portfolio. As a result, our liquidity remains set seperatly with our net loan to deposit ratio of around 95% at this quarter end. The competition of our liabilities continues to shift toward core funds and away from volatile funds. As of September 30 2009, broker deposits excluding paybacks decreased to $366 million, now representing roughly 12% of total deposits. In fact net interest margin was up by 52 basis point to 3% in the third quarter from the prior quarter’s 2.48%. In the third quarter the average cost of interest-bearing deposits sequentially decreased by 67 basis points to 2.7%…

(Operator Instructions). Your first question comes from Julianna Balicka - KBW. Please proceed. Julianna Balicka - Keefe, Bruyette & Woods: I have just a few question mainly if you can just give us a little bit more color and background as to why the investment negotiations are continuing presumably all the way through July 2000 of next year. What's causing it delay because I thought that they were presumably going to be finished by the year-end or maybe I'm wrong about that? But if you can just give us a little more ideas as to what's going on in terms of regulator approvals and what not on both the Korean and the American side?

.: That's why it’s taking more time than we original planed. But as the regulatory gave us sufficient time, by July 31 next year, we believe that this project will be completed within the given period. Julianna Balicka - Keefe, Bruyette & Woods: And how are the South Korean regulators approaching this transaction?

Well we understand the South Korean regulators are very positive and they are only concerned with Fed approval in the U.S. Julianna Balicka - Keefe, Bruyette & Woods: And in terms of the second tranche of the leading investment, is there a timeframe on when that will close?

Well, as you know the first investment of $6.9 million was already invested in September and the second investment of 5%, $4.1 million, is scheduled to be invested by November 30. But at this moment I assume that would be delayed. Julianna Balicka - Keefe, Bruyette & Woods: And is there a reasonable timeline and why is it being delayed?

Well at this moment as (inaudible) discussed, we actually tried to figure out the right structure and the right size of the investment, together with the Fed and the regulators. So in that process there is a chance of combining the [special] constraints of $4.1 million, it’s a small amount, maybe this combined together with the other tranche, the (inaudible)one.

(Operator Instructions) There are no additional questions in queue. I would now like to turn the call over to Mr. Yoo for his closing remarks.

Thank you Terry. We understand that there are still many challenges ahead of us. The biggest challenge is the credit quality of our loan portfolio. Consequently, we are continuously taking all necessary steps to limit further deterioration in the asset quality. And also with our various initiatives, capital raising efforts and the core focus on the fundamentals of banking, I believe that we'll see major improvements in our asset quality, liquidity position and capital levels in the fourth quarter and 2010. Again, thank you for joining us today. We look forward to speaking with you when we report our fourth quarter results early next year. Goodbye everyone and have a great day.

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