On June 7, 2016, Hanmi Financial Corporation and Hanmi Bank announced that the Boards of Directors of the Company and Bank had appointed Mr. Thomas J. Williams to the Board of Directors of Company and Bank, effective June 1, 2016. Mr. Williams, 53, is a 30 year veteran of the bank regulatory and banking industry. Mr. Williams brings extensive experience across a broad range of risk and lending activities. Prior to his retirement in May 2015, Mr. Williams was at BofI Federal Bank as Senior Vice President and Chief Risk Officer, overseeing all risk and control-related functions. Before BofI, he served as Executive Director of Commercial Credit Review with Capital One, and Director of Regulatory Relations with Silicon Valley Bank. Earlier in his career, Mr. Williams spent five years as Principal Examiner at the Federal Reserve Bank of San Francisco and ten years as a National Bank Examiner with the OCC. Mr. Williams earned his B.S. in Economics from the University of South Dakota.