Hana Financial has announced that it will purchase 71% of Broadway National Bank's holding company. Broadway National Bank is a New York-based bank that tailors its services to Korean clients.
Hana Financial is one of Korea's largest retail and investment banks. The main purpose of the acquisition is to expand Hana's retail operations to the U.S. market.
Sean Hayes, IPG's Co-Chair of the Korea Practice Team, may be contacted at: SeanHayes@ipglegal.com