Another merger may affect California residents in the near future. Hanmi Bank recently announced its completed acquisition of Central Bancorp, Inc. This merger is believed to have a specific impact on Asian American communities.
The merger is part of a plan for the bank to become a leading community bank, appealing to residents from many different ethnic backgrounds. The bank now services a wide range of customers including Indian Americans, Pakistani Americans, and Korean Americans. The process of the merger went smoothly and California is now home to 30 branches of the community bank.