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Saehan Bancorp and Hana Financial Group Terminate Memorandum of Understanding


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Published in Business and Finance on by Market Wire   Print publication without navigation


LOS ANGELES--([ ])--Saehan Bancorp (OTCBB:SAEB) today announced that Saehan and Hana Financial Group have mutually terminated their previously announced Memorandum of Understanding covering the proposed purchase by Hana of a 51% ownership position in Saehan.

About Saehan Bancorp

Saehan Bancorp is a bank holding company with headquarters in Los Angeles, California. Its wholly owned subsidiary, Saehan Bank, offers a comprehensive range of financial solutions to meet the needs of multi-ethnic communities in the U.S. Saehan Bancorp is committed to satisfying customers and creating shareholder value. Its ten retail branch offices, International Department, and SBA Department of Saehan Bank focus on fulfilling these commitments to customers and shareholders.


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