BNET Industries
Market Cap:$387.6M
Last Fiscal Year Sales:$183.6M
- Public
- US
Dow Jones Description
Nara Bancorp, Inc. (Nara Bancorp, on a parent-only basis, and we or our on a consolidated basis) is a bank holding company headquartered in Los Angeles, California. We offer a full range of commercial banking and, to a lesser extent, consumer financial services through our wholly owned subsidiary, Nara Bank, a California state-chartered bank (the Bank or Nara Bank). Nara Bank primarily focuses its business in Korean communities in California and in the New York City metropolitan area. Our headquarters are located at 3731 Wilshire Boulevard, Suite 1000, Los Angeles, California 90010, and our telephone number at that address is (213) 639-1700. Nara Bancorp is registered as a bank holding company and is regulated in that capacity by the Board of Governors of the Federal Reserve System (the FRB). Nara Bancorp was organized for the purpose of becoming the holding company for Nara Bank through a corporate reorganization that was completed in January 2005. Nara Banks deposits are insured by the Federal Deposit Insurance Corporation (FDIC), up to applicable limits, and Nara Bank is a member of the Federal Reserve System.
President and Chief Executive Officer
Min J. KimNumber of Employees 366
Contact Information
3701 Wilshire Blvd Ste 220
Los Angeles, California 90010
1 213 639 1700
Peer Companies
NAICS Code Commercial Banking: 522110
Recent Events
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Nara Bancorp Reports Decrease In Q3 Profit - Update
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Nara settles with Justice Department
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Nara Bancorp Reports Second Quarter Financial Results
News & Analysis
Filter by
nara bancorp inc. - All News and Analysis
Nara Bancorp Inc. Q4 2008 Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions Our first question is from Brett Rabatin – FTN Midwest Securities. Brett Rabatin – FTN Midwest Securities Wanted to first ask, I’m curious you mentioned the third net charge-off was related to a commercial real estate loan that sounded like it went through...
Nara Bancorp Q3 2008 Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions Your first question comes from Brett Rabatin - FTN Midwest. Brett Rabatin - FTN Midwest I wanted to ask first, the last quarter you’ve indicated classified loans were $32 million; do you have an updated number for that for 3Q? Min Kim ...
Nara Bancorp, Inc. Q2 2008 Earnings Call Transcript
Question-and-Answer SessionOperator Thank you, we will now begin the question and answer session. Operator instructions The first question comes from the line of Brett Rabatin from FTN Midwest. Please go ahead. Brett Rabatin – FTN Midwest Good morning. Min Kim Good morning, Brett. Brett Rabatin –...
Nara Bancorp, Inc. Q1 2008 Earnings Call Transcript
Question-and-Answer SessionOperator Yes ma’am. Operator Instructions Our first question comes from Aaron Deer with Sandler O’Neil. Please go ahead. Aaron Deer – Sandler O’Neil & Partners LP Hi, good morning everyone. Min J. Kim Good morning Aaron. Aaron Deer – Sandler O’Neil & Partners...
Nara Bancorp Q4 2007 Earnings Call Transcript
Question-and-Answer Session Operator Our first question comes from Brett Rabatin - FTN Midwest Research. Brett Rabatin - FTN Midwest Research First, I just wanted to ask on the gain on sale of SBA loans and just that business going forward. Obviously the margins are...
Nara Bancorp, Inc. Files Form 8-K Regarding Nasdaq Notification
LOS ANGELES -- Nara Bancorp, Inc. (Nasdaq:NARA), parent company of Nara Bank, received a notification from The Nasdaq Stock Market Listing Qualifications Department advising the Company that its failure to file its quarterly report on Form 10-Q for the quarter ended March 31, 2005 with the Securities and Exchange Commission...
Nara Bancorp, Inc. Corrects Quarterly Earnings Release Issued Oct. 17
Business Editors CORRECTION...by Nara Bancorp, Inc. --BUSINESS WIRE In BW0820-10/17, (CA-NARA-BANCORP) reports financial results released Oct. 17, Financial Highlights table header over third and fourth columns should read xxx For the Nine Months Ended sted Six Months.
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| Min J. Kim | President and Chief Executive Officer |
| Alvin D. Kang | Executive Vice President and CFO |
| Bonita Lee | Chief Credit Officer |
| Jasna Penich | Chief Risk Officer |
| Mark Hakjoon Lee | Executive Vice President & Chief Credit Officer |
| Myung Hyun | Senior Vice President & Chief Operations. Administrator |
| Timothy Chang | CFO & Vice President |
| Annie Ahn | Senior Vice President, Senior Admin Officer |
| Jim Graham | Senior Vice President & Auditor |
| Bonnie Lee | Vice President |
| Brandon Kim | Vice President |
| David Kim | Vice President |
| Eric Wu | Vice President |
| Eunice Kang | Vice President |
| Heidi Han | Vice President |
| Jay Jung | Vice President |
| Jennifer Shin | Operations Manager, FVP |
| Jin H. Lee | Vice President |
| Jung Kim | Vice President |
| Karl Chang | Vice President |
| Mira Jung | Vice President |
| Steven Yang | Vice President |
| Sue Song | Vice President |
| Tina Hwang | Vice President |
| Young Bae | Vice President & Manager |
| Young K. Oh | Vice President |
| William Davis | Director, Information Technology |
| Cindy An | Manager |
| Han Park | Senior Vice President & Manager, Public Relations |
| Hannah Shin | Operations Manager |
| Kyu Kim | Executive Vice President and Eastern Regional Manager |
| Mona Chui | Senior Vice President and It Manager |
| Christine Oh | Senior Vice President and Controller |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Howard Gould | Chair |
| Jesun Paik | Chair |
| Scott Yoon-Suk | Chair |
| Chong-Moon Lee | Board of Directors |
| James P. Staes | Board of Directors |
| Jodie Park | Board of Directors |
| John H. Park | Board of Directors |
| Ki Suh Park | Board of Directors |
| Terry Schwakopf | Board of Directors |
| Yong Hwan Kim | Board of Directors |
Min J. Kim. Ms. Kim was appointed as the President and Chief Executive Officer of the Company and its subsidiary, Nara Bank, on November 27, 2006. Before this appointment, she served as the Acting President and a member of the Interim Office of the President from March 2006, and concurrently served as Executive Vice President and Chief Operating Officer of the Bank from October 2003. Ms. Kim served as Executive Vice President and Chief Credit Officer from January 2000 to October 2003 and a Senior Vice President and Chief Credit Administrator of the Bank from 1996 to 1999. Prior to joining the Bank in 1995, Ms. Kim served in numerous positions with Hanmi Bank, including Vice President and Manager of the Western Branch of Hanmi Bank in Los Angeles from 1985 to 1995.
| Organization | Position | Status |
|---|---|---|
| Nara Bancorp, Inc. | President and Chief Executive Officer | Current |
| Nara Bancorp, Inc. | Board of Directors | Current |
| Nara Bancorp, Inc. | COO & Vice President | Former |
Mr. Kang has served as the Executive Vice President and Chief Financial Officer of the Bank and the Company since July 28, 2005. He also served as a member of the Interim Office of the President from March 2006 until November 2006. He continues to serve as a member of the Office of the President under the direction of the CEO and President, Min J. Kim. Prior to joining the Bank, Mr. Kang served as Executive Vice President, Chief Operating and Chief Financial Officer for Broadway Federal Bank and Chief Financial Officer of Broadway Financial Corporation from 2001 to July 2005. Mr. Kang has also held a senior position at Takenaka and Company, an investment banking and consulting firm, as well as serving as an audit partner at KPMG LLP and at Ernst & Young LLP. Mr. Kang worked with KPMG LLP for 26 years during which time he served as lead partner of the Asian Business Group and as lead partner on audits of major financial institutions in Los Angeles.
| Organization | Position | Status |
|---|---|---|
| Nara Bancorp, Inc. | Executive Vice President and CFO | Current |
| Broadway Federal Bank | Chief Operating and Chief Financial Officer | Former |
| Broadway Financial Corporation | CFO | Former |
| Broadway Federal Bank | Executive Vice President | Former |
| Broadway Financial Corporation | Executive Vice President | Former |
Ms. Lee has served as the Executive Vice President and Chief Credit Officer of the Bank since April 13, 2005. She also served as a member of the Interim Office of the President from March 2006 until November 2006. She continues to serve as a member of the Office of the President under the direction of the CEO and President, Min J. Kim. Ms. Lee has also served the Bank as Senior Vice President and Chief Credit Officer from October 2003 to April 2005, Senior Vice President and Credit Administrator from February 2000 to October 2003 and Vice President and Credit Administrator from 1993 to 2000. Prior to joining the Bank, Ms. Lee held various lending positions with California Center Bank in Los Angeles from 1989 to 1993.
| Organization | Position | Status |
|---|---|---|
| Nara Bancorp, Inc. | Chief Credit Officer | Current |
| Shinhan Bank America | Regional President | Former |
| California Center Bank | Former | |
| Shinhan Bank America | Director | Former |
| Organization | Position | Status |
|---|---|---|
| Nara Bancorp, Inc. | Chief Risk Officer | Current |
| Pmb Securities Corp | Executive Vice President of Operations | Former |
| Pmb Securities Corp | Financial Operations Principal | Former |
| Organization | Position | Status |
|---|---|---|
| Nara Bancorp, Inc. | Executive Vice President & Chief Credit Officer | Current |
| Organization | Position | Status |
|---|---|---|
| Nara Bancorp, Inc. | Senior Vice President & Chief Operations. Administrator | Current |
| Nara Bancorp, Inc. | Vice President | Former |
| Organization | Position | Status |
|---|---|---|
| Nara Bancorp, Inc. | CFO & Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Nara Bancorp, Inc. | Senior Vice President, Senior Admin Officer | Current |
| Organization | Position | Status |
|---|---|---|
| Nara Bancorp, Inc. | Senior Vice President & Auditor | Current |
| Organization | Position | Status |
|---|---|---|
| Nara Bancorp, Inc. | Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Nara Bancorp, Inc. | Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Nara Bancorp, Inc. | Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Nara Bancorp, Inc. | Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Nara Bancorp, Inc. | Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Nara Bancorp, Inc. | Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Nara Bancorp, Inc. | Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Nara Bancorp, Inc. | Operations Manager, FVP | Current |
| Nara Bancorp, Inc. | Manager | Former |
| Organization | Position | Status |
|---|---|---|
| Nara Bancorp, Inc. | Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Nara Bancorp, Inc. | Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Nara Bancorp, Inc. | Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Nara Bancorp, Inc. | Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Nara Bancorp, Inc. | Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Nara Bancorp, Inc. | Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Nara Bancorp, Inc. | Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Nara Bancorp, Inc. | Vice President & Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Nara Bancorp, Inc. | Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Nara Bancorp, Inc. | Director, Information Technology | Current |
| Nara Bancorp, Inc. | Director, Information Technology | Former |
| Organization | Position | Status |
|---|---|---|
| Nara Bancorp, Inc. | Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Nara Bancorp, Inc. | Senior Vice President & Manager, Public Relations | Current |
| Organization | Position | Status |
|---|---|---|
| Nara Bancorp, Inc. | Operations Manager | Current |
Kyu S. Kim. Ms. Kim has served as the Executive Vice President and Eastern Regional Manager since April 2008. She also served as the Senior Vice President and Eastern Regional Manager from October 2005 until March 2008. Prior to her promotion to Eastern Regional Manger she served as the Deputy Regional Manager from July 2003 to September 2005. Ms. Kim also served as the Manhattan Branch Manager from February 2000 to September 2005 and Flushing Branch Manager from September 1998 to February 2000. Prior to joining the Bank, Ms. Kim was Vice President and Chief Credit Officer at Foster Bank in Chicago from March 1990 to September 1997.
| Organization | Position | Status |
|---|---|---|
| Nara Bancorp, Inc. | Executive Vice President and Eastern Regional Manager | Current |
| Foster Bank | Chief Credit Officer | Former |
| Nara Bancorp, Inc. | Vice President | Former |
| Foster Bank | Vice President | Former |
Mona Chui. Ms. Chui has served as the Senior Vice President and IT Manager since July 2006. Prior to joining the Bank she served as Vice President of business systems development at Bank of the West. Between 1981 and 2006, Ms. Chui served at various technical and managerial positions focusing on system integration and implementation of new technologies.
| Organization | Position | Status |
|---|---|---|
| Nara Bancorp, Inc. | Senior Vice President and It Manager | Current |
Christine Oh. Ms. Oh has served as Senior Vice President and Controller since 2003. Prior to her promotion to Senior Vice President and Controller she served as the Vice President and Accounting Manager from 1999 to 2003. She joined the Company in 1993. Prior to joining the Company Ms. Oh was a credit Analyst at Center Bank.
| Organization | Position | Status |
|---|---|---|
| Nara Bancorp, Inc. | Senior Vice President and Controller | Current |
| Nara Bancorp, Inc. | Vice President & Controller | Former |
| Center Bank | Analyst | Former |
Mr. Gould is Vice Chairman of Carpenter and Company, a firm that advises banks on capital, strategic and charter related matters. From 2004 to 2005, he was California Commissioner of Financial Institutions under Governor Arnold Schwarzenegger. From 2002 to 2003, he was Vice Chairman of The Bank of the West which had acquired United California Bank. From 1992 to 2002, he was Vice Chairman and Chief Operating Officer of United California Bank. He was State Superintendent of Banking under Governor George Deukmejian. Mr. Gould also served as a Partner in one of the nation’s premiere bank consulting firms and officer at Bank of America and Wells Fargo Bank.
| Organization | Position | Status |
|---|---|---|
| Nara Bancorp, Inc. | Chair | Current |
| Mission Community Bancorp | Director | Current |
| Financial Institutions, Inc. | California Commissioner | Former |
| Banking Corporation | State Superintendent | Former |
| Organization | Position | Status |
|---|---|---|
| Robb Evans & Associates LLC | Executive Vice President | Current |
| Nara Bancorp, Inc. | Chair | Current |
| Robb Evans & Associates LLC | Senior Advisor | Former |
| Organization | Position | Status |
|---|---|---|
| Nara Bancorp, Inc. | Chair | Current |
Mr. Lee founded Diamond Multimedia Systems, served as CEO & Chairman of the company for 17 years, and took the company to a successful IPO in 1995. Mr. Lee is chairman of AmBex Venture Group, a venture capital and technology investment company in Silicon Valley, and a member of Advisory Board of Stanford Technology Venture Program (STVP) of Engineering School, Stanford University. He served as a Consulting Professor at Asia Pacific Research Center of Stanford University for 5 years. He currently serves as a Chaired Professor Emeritus of Korea Advanced Institute of Science & Technology (KAIST). Mr. Lee serves as a Commissioner & Trustee of Asian Art Museum of San Francisco Chong-Moon Lee Center for Asian Art & Culture, the largest Asian arts museum outside of Asia. He also serves as a Trustee of Asia Society, New York, and Center for Strategic & International Studies (CSIS), Washington, DC, one of the most active and influential think tanks in America. He also is as a member of California Arts Council.
| Organization | Position | Status |
|---|---|---|
| Diamond Multimedia Systems Inc | CEO | Current |
| Pumpkin Networks | Co-Founder and Chairman | Current |
| Diamond Multimedia Systems Inc | Founder | Current |
| Diamond Multimedia Systems Inc | Chairman | Current |
| Asian Art Museum | Board of Directors | Current |
| California Arts Council | Board of Directors | Current |
| Nara Bancorp, Inc. | Board of Directors | Current |
| Diamond Computer Systems, Inc. | CEO | Former |
| Diamond Computer Systems, Inc. | Founder | Former |
| Nara Bancorp, Inc. | Chairman | Former |
Mr. Staes is a director of Mechanics Bank located in Richmond, California which he joined in 2002 and where he is Lead Director, Chairman of Governance Committee, and a member of Loan and Compensation Committees. In January 2006, Mr. Staes became a Director of the Palos Verdes Peninsula Land Conservancy. From 1997 to 2004, he was a director of Manufacturers Bank, where he was Chairman of Credit Risk Management, ALM and Trust, and Audit Committees, as well as a member of Compliance Committee.
| Organization | Position | Status |
|---|---|---|
| Mechanics Bank | Director | Current |
| Nara Bancorp, Inc. | Board of Directors | Current |
| California Inc | Director | Current |
| The Loan | Board of Directors | Current |
| Compensation Committees | Board of Directors | Current |
| Credit Risk Management | Chairman | Former |
| Palos Verdes Peninsula Land Conservancy | Director | Former |
| Manufacturers Bank | Director | Former |
| Organization | Position | Status |
|---|---|---|
| Nara Bancorp, Inc. | Board of Directors | Current |
Mr. Park is President of ABI USA Sales Corp, an import and export company which he founded in 2001, and President of BB Imex Corporation which he founded in 2003. From 1985 to 2001, he was President and Chief Executive Officer of Showroom 3 Inc. From 1978 to 2001, he was President and Chief Executive Officer of B.B. World Corporation.
| Organization | Position | Status |
|---|---|---|
| Nara Bancorp, Inc. | Board of Directors | Current |
Ki Suh Park has served as Managing, Planning and Design Partner for Gruen Associates, a Los Angeles-based architectural firm, since 1981, and has held various positions within that company since 1961. Park's designs include the recent $300 million Los Angeles Convention Center expansion and the Koreatown Plaza located in the heart of Los Angeles' Koreatown, and he is responsible for the location and design of the I-105 Freeway in Southern California, which debuted October 1993.
| Organization | Position | Status |
|---|---|---|
| Nara Bancorp, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Nara Bancorp, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Nara Bancorp, Inc. | Board of Directors | Current |
Executive News
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Nara Bancorp Reports Second Quarter Financial Results
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