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. Kim
Number of Employees 366
Contact Information

3701 Wilshire Blvd Ste 220

Los Angeles, California 90010

narabank.com

1 213 639 1700

NAICS Code Commercial Banking: 522110

Recent Events

  • Nara Bancorp Reports Decrease In Q3 Profit - Update

    10/15/09 - Financial Announcement - View Story

  • Nara settles with Justice Department

    10/04/09 - Legal Settlement - View Story

  • Nara Bancorp Reports Second Quarter Financial Results

    7/24/09 - Financial Announcement - View Story

News & Analysis

nara bancorp inc. - All News and Analysis

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

  • Nara Bancorp Reports Second Quarter Financial Results

    Business Wire - 7/23/09 - View Story

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     NARA $10.25 -0.01 (-0.10% )
Average Volume 304,528
Shares Outstanding 37.82M
Market Cap 387.7M
Year High 10.91
Year Low 2.05
Earnings Per Share -0.71
P/E Ratio -14.44
Dividend 0.11
Yield 1.07
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