With $100million market capitalization and $2.5billion in assets, Nara Bancorp, a bank holding company, owns one company, Nara Bank. Under Nara Bank are a number of subsidiaries, including Nara Loan Center and Nara Real Estate Trust. Nara accepts and uses the accepted deposits for commercial loans, commercial real estate loans, trade finance, SBA loans and consumer loans. In its real estate activities, Nara borrows from FHLB of San Francisco to help first time home owners.
Because Nara has been involved in investing in Mortgage Backed Securities and Collateralized Mortgage Obligations, it is still unclear as to the 2008 banking crisis's effect on Nara's balance sheet. As of Late January 2009, Nara has taken a hit with the rest of the banking sector. Like other banks, in order to protect liquidity, Nara has reduced dividends to $0.03 per share and what was once a $250million market capitalization has been reduced to $100million.