QUOTE AND NEWS
Cloud Computing  May 8  Comment 
ZL Technologies, Inc. (ZL), a leader in comprehensive unstructured Big Data management for large organizations, will be presenting at the National Conference on Managing Electronic Records (MER) on May 21, in partnership with representatives from...
Globe Newswire  Jun 1  Comment 
KANSAS CITY, Mo., June 1, 2012 (GLOBE NEWSWIRE) -- Hunt Midwest Real Estate Development, Inc. announces that the National Archives and Records Administration (NARA) has signed a lease for 102,000 s.f. of industrial warehouse and office space in Hunt
Benzinga  Dec 5  Comment 
The Active Network, Inc. (NYSE: ACTV) announced today that the National Archives and Records Administration launched an integrated software-as-a-service solution from Active Network aimed at increasing efficiency and improving customer service of...
Banking Business Review  Dec 1  Comment 
Nara Bancorp and Center Financial Corporation (CLFC) have completed the merger of equals marking the creation of a financial institution, BBCN, which will serve Korean American communities across the US.
StreetInsider.com  Nov 7  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/Nara+%28NARA%29%2C+Center+Financial+%28CLFC%29+Clear+Final+Regulatory+Hurdle+in+Proposed+Merger/6918520.html for the full story.
StreetInsider.com  Oct 31  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/Nara+Bancorp+%28NARA%29+Completes+Public+Offering%3B+Gross+Proceeds+of+%2463.3+Million/6897469.html for the full story.
StreetInsider.com  Oct 26  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Equity+Offerings/Nara+Bancorp+%28NARA%29+Price+7.6M+Shares+at+%247.25/6883065.html for the full story.
Benzinga  Oct 24  Comment 
Nara Bancorp, Inc. (Nasdaq: NARA) announced today that it has commenced an underwritten public offering of approximately $55 million of its common stock. Keefe, Bruyette & Woods and D.A. Davidson & Co. will serve as co-lead underwriters. The...
StreetInsider.com  Jul 25  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Earnings/Nara+Bancorp%2C+Inc.+%28NARA%29+Reports+In-Line+Q2+EPS/6658015.html for the full story.
Clusterstock  Jun 2  Comment 
We came across a beautiful collection of vintage photos of Brooklyn taken in in the summer of 1974. Photographer Danny Lyon spent two months snapping pictures of the daily life in the borough -- exploring Bushwick, Bedford-Stuyvesant, Fort Green...




 
TOP CONTRIBUTORS

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.




References

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