| Saehan Bancorp Declares 10% Stock
Dividend
Friday May 28, 2:52 pm ET
LOS ANGELES--(BUSINESS WIRE)--May 28, 2004--Saehan Bancorp
(OTCBB:SAEB - News), parent company of Saehan Bank, announced
that its board of directors has declared a 10 percent stock
dividend, payable on July 16, 2004 to shareholders of record
on June 25, 2004. Under the dividend, shareholders will receive
.10 share of common stock for each share of common stock held
as of the record date. A cash payment will be made to shareholders
for any fractional shares resulting from the dividend calculation.
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 the Korean-American community in Los
Angeles. Saehan Bancorp is committed to satisfying customers
and creating shareholder value. Its six retail branch offices,
International Department and SBA Department of Saehan Bank
focus on fulfilling these commitments to customers and shareholders.
Safe Harbor Statement
This press release may contain forward-looking statements
that are subject to risks and uncertainties that could cause
actual results to differ materially from the projected, including
descriptions of plans or objectives of its management for
future operations, products or services, and forecasts of
its revenues, earnings or other measures of economic performance.
Forward-looking statements can be identified by the fact that
they do not relate strictly to historical or current facts.
They often include the words "believe," "expect,"
"anticipate," "intend," "plan,"
"estimate," or words of similar meaning, or future
or conditional verbs such as "will," "would,"
"should," "could," or "may."
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Contact:
Saehan Bancorp
Daniel Kim, 213-637-4802
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