Hanmi Financial Drops After Sale Process Said to Stall

Hanmi Financial Corp. shares fell the most in more than a year after the lender’s talks with rivals about a sale were said to have stalled because of disagreements over price and management.

The shares dropped 6.3 percent to $15.64 at the close in New York, the most since November 2011. Hanmi, which caters to Korean-Americans, had drawn interest from Wilshire Bancorp Inc. and BBCN Bancorp Inc., said people familiar with the matter, who asked not to be named because the process is private.