Disclosure Hana Financial, Inc. ("Hana") has developed
a Business Continuity Plan in order to respond to events that may significantly
disrupt our business. This plan encompasses all Hana businesses. Since the timing
and impact of disasters and disruptions is unpredictable, Hana will have to be flexible
in responding to actual events as they occur. With that in mind, Hana is providing
the following information regarding our Business Continuity Plan. Hana plans to recover and resume business
operations after a significant business disruption based on the recovery time objectives
established in the plan for each division of the company as well as safeguarding
our employees and property, making financial and operational assessments, protecting
the company's books and records, and allowing our customers to transact business.
Through the use of established teams in the various parts of its business, Hana's
plans address: data backup and recovery, all mission critical systems, financial
and operational assessments, alternative communications with customers and employees,
critical counter-party and bank impact and regulatory reporting. Significant business disruptions can vary in scope
and can impact a portion of a single building housing a division of our company,
the business district where our company is located, and the city where we are located.
In each of these cases, Hana will transfer our operations to other Hana site(s)
and/or back up facilities when needed and expect to recover and resume business
within the agreed to recovery objectives per the documented plan. Clients may experience
some delays in reaching the company due to increased client calls, technology delays,
or other difficulties arising from the transfer of operations. Hana Financial, Inc.'s Business Continuity Plan is designed
to prepare the company for significant business disruptions and to enable it to
resume its business operations based on agreed to recovery time objectives for each
division as stated in each documented plan. The information contained herein is
a summary of the overall Business Continuity Plan. Because of the confidential nature
of much of the plans, it is not possible to distribute the plans to clients, customers
or other external entities.
Recovery-time objectives provide concrete goals for business resumption. However
various external factors surrounding a disruption, such as time of day and scope
of disruption can affect actual recovery times.
The company's Business Continuity Plan is subject to change due to ongoing assessment,
technology and business changes, and enhancement of the company's Business Continuity
Plan. In addition, all plans are reviewed and updated at a minimum annually and
plan testing occurs periodically that may result in further plan updates. A current
copy of the Business Continuity Plan summary may be obtained by mail upon request.
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