SAEHAN BANCORP ANNOUNCES APPOINTMENT OF CHUNG HOON YOUK AS PRESIDENT AND CHIEF EXECUTIVE OFFICER

LOS ANGELES, CALIFORNIA – August 22, 2008 -- Saehan Bancorp (OTCBB:SAEB) today announced the appointment of Chung Hoon Youk as president and Chief Executive Officer of both Saehan Bancorp and Saehan Bank, succeeding Benjamin Hong who will retire effective September 30, 2008.
   A leader in the Korean-American business community for more than 25 years, Youk most recently served as interim president and chief executive officer of Hanmi Bank. His banking career includes serving as president and chief executive of Hanmi Bank from 1999 to 2003 and senior vice president and chief credit officer of Hanmi Bank from 1993 to 1999. Earlier in his career, he served as senior vice president and general manager of the Downtown branch of Hanmi Bank. He earned a Bachelor of Arts degree from Seoul National University in Korea. Youk subsequently earned a Master of Business Administration degree from the University of California Berkeley, Haas School of Management.
   “Benjamin Hong has contributed tremendously to Saehan Bank during his 3-year tenure with the bank. The entire board of directors and employees of Saehan Bank wish him well in his retirement. Chung Hoon Youk’s accomplishments, banking experience and solid reputation in the Korean-American banking community were important considerations in his selection and we look forward to his new leadership and contributions to Saehan Bank,” said Kee Whan Ha, chairman of Saehan Bancorp and Saehan Bank.

Contact:
Saehan Bancorp
Daniel Kim, 

213-637-4802