SAEHAN BANCORP ANNOUNCES EXTENSION OF DUE DATE TO COMPLY WITH CAPITAL REQUIREMENTS UNDER CONSENT ORDER

LOS ANGELES--(BUSINESS WIRE)--Saehan Bancorp (OTCBB:SAEB - News), announced today that its subsidiary, Saehan Bank, received approval from the California Department of Financial Institutions and the Federal Deposit Insurance Corporation for an extension on the due date for compliance with certain capital ratio requirements. Under the terms of the consent order with the DFI and FDIC, which became effective as of December 7, 2009, Saehan Bank was required to attain a Tier 1 capital leverage ratio of 8% by February 5, 2010 and 10% by March 8, 2010. Today, the DFI and FDIC agreed to extend the due date for compliance from February 5, 2010 to March 8, 2010 while maintaining the requirement that Saehan Bank attain a Tier 1 capital leverage ratio of 10% by such date.

Safe Harbor

This press release contains certain forward-looking information about Saehan Bancorp that is intended to be covered by the safe harbor for “forward-looking statements” provided by the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking statements. Such statements involve inherent risks and uncertainties, many of which are difficult to predict and are generally beyond the control of Saehan Bancorp. Saehan Bancorp cautions readers that a number of important factors could cause actual results to differ materially from those expressed in, or implied or projected by, such forward-looking statements. If any of these risks or uncertainties materializes or if any of the assumptions underlying such forward-looking statements proves to be incorrect, Saehan Bancorp’s results could differ materially from those expressed in, or implied or projected by such forward-looking statements. Saehan Bancorp assumes no obligation to update such forward-looking statements, except as required by law.

Saehan Bancorp
Daniel Kim, SVP & CFO, 213-637-4802