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Home > Company Index > Banking > Banking - West > Nara Bancorp, Inc.

Nara Bancorp, Inc.
Nasdaq: NARA
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 PROFILE
Nara Bancorp (formerly Nara Bank N.A.) is the holding company for Nara Bank, which serves small to medium-sized minority-owned businesses and consumers through some ten branches and three loan offices primarily in Korean districts of Los Angeles and New York City. Nara provides a wide range of commercial loans (nearly 40% of all loans) including SBA loans and equipment lease financing. Construction (49%), real estate, and consumer loans are also available, as well as factoring services. The bank also offers a range of international banking services such as merchant drafts and letters of credit for its immigrant clientele. The acquisitive holding company has expanded into the Bay Area, Chicago, and Seattle.

 COMPETITION
GBC Bancorp (GBCB)
Pacific Union Bank (PUBB)
Wilshire State Bank (WSBK)

 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 35.10
1-Yr. Sales Growth: 5.4%
Employees: 266
Revenue per employee: $131,954.89

 KEY PEOPLE
• Benjamin B. Hong
    CEO
• Bon T. Goo
    CFO

 CONTACT INFO
3701 Wilshire Blvd.
Los Angeles, CA 90010
US
Phone: 213-389-2000
Fax: 213-637-2599
Online: Web Site

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