SAEHAN BANCORP ANNOUNCES SUCCESSFUL $60.6 MILLION STOCK SALE TRANSACTION

LOS ANGELES--(BUSINESS WIRE)--Saehan Bancorp (OTCBB:SAEB - News), parent company of Saehan Bank, today announced that it consummated a privately negotiated $60.6 million common stock sale transaction to accredited investors. Substantially all of the proceeds from the transaction will be contributed as new capital into Saehan Bank. As a result of the capital injection, Saehan Bank attained a Tier 1 capital leverage ratio in excess of 10% as required under the Consent Order dated December 7, 2010 with the Federal Deposit Insurance Corporation and the California Department of Financial Institutions.

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