Saehan Bancorp Announces FDIC Lifts Consent Order
Thursday May 20, 1:12 pm ET

LOS ANGELES--(BUSINESS WIRE)--May 20, 2004--Saehan Bancorp (OTCBB:SAEB - News), parent company of Saehan Bank, announced that the Federal Deposit Insurance Corporation (FDIC) has lifted the consent order which the Bank has been operating under since June 2002.

About Saehan Bancorp

Saehan Bancorp is a bank holding company with headquarters in Los Angeles, California. Through our wholly-owned bank subsidiary, Saehan Bank, we offer a comprehensive range of financial solutions to meet the financial needs of the Korean-American community in Los Angeles.

Saehan Bankcorp is committed to satisfying customers and creating shareholder value. Our six retail branch offices, International Department and SBA Department of Saehan Bank focus on fulfilling these commitments to customers and shareholders.

Saehan Bankcorp is traded on the OTC Bulletin Board under the ticker symbol "SAEB.OB."

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Contact:
Saehan Bancorp
Daniel Kim, 213-637-4802