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Nara Bancorp (NARA)
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QUOTE AND NEWS
The Year Of The Mega Data Breach
Forbes  Nov 25  Comment 
In 2009, a small number of data leaks exposed more personal information than ever before.
Don't Buy These Stocks Today
Motley Fool  Nov 13  Comment 
They may look cheap, but is the timing right?
Nara Bancorp, Inc. Announces Closing of Common Stock Offering
Business Wire  Oct 27  Comment 
Nara Bancorp, Inc. (“Nara” or the “Company”) (Nasdaq:NARA) announced that on October 27, 2009, it had sold $86.25 million of its common stock through the previously announced public offering of 11.5 million shares of the Company’s common
Nara Bancorp (NARA) Prices 10M Shares at $7.50
StreetInsider.com  Oct 22  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Equity+Offerings/Nara+Bancorp+%28NARA%29+Prices+10M+Shares+at+%247.50/5036836.html for the full story.
Nara Bancorp, Inc. Announces Pricing of Common Stock Offering
Business Wire  Oct 21  Comment 
Nara Bancorp, Inc. (“Nara” or the “Company”) (Nasdaq: NARA), announced the pricing of the previously announced underwritten public offering of 10,000,000 shares of the Company’s common stock at a price of $7.50 per share. The net proceeds
Nara Bancorp, Inc. Announces $70 Million Common Stock Offering
Business Wire  Oct 19  Comment 
Nara Bancorp, Inc. (“Nara” or the “Company”) (Nasdaq: NARA) announced today that it has commenced an offering of approximately $70 million of its common stock in an underwritten public offering through Keefe, Bruyette & Woods. The Company
Nara Bancorp "market perform," target price raised
newratings.com  Oct 19  Comment 
NEW YORK, October 19 (newratings.com) - Analysts at Friedman Billings reiterate their "market perform" rating on Nara Bancorp (ticker: NARA). The target price has been raised from $5 to $9. [more]
Nara Bancorp Reports Net Income Available to Common Stockholders of $2.9 Million for the Third Quarter
Business Wire  Oct 15  Comment 
Nara Bancorp, Inc. (the “Company”) (NASDAQ: NARA), the holding company of Nara Bank (the “Bank”) reported net income available to common stockholders of $2.9 million, or $0.11 per diluted share, for third quarter 2009, compared to net income
Nara Bancorp to Webcast Review of Third Quarter Financial Results on Friday, October 16, 2009
Business Wire  Oct 13  Comment 
Nara Bancorp, Inc. (Nasdaq: NARA) announced today that the Company will hold a conference call to discuss third quarter 2009 financial results on Friday, October 16, 2009 at 9:30 a.m. Pacific Time / 12:30 p.m. Eastern Time. Interested participants
Ancestry.com Expands Partnership With the National Archives Through New Off-Site Scanning Location
PR Newswire  Oct 6  Comment 
PROVO, Utah, Oct. 6 /PRNewswire/ -- Ancestry.com today announced an expansion to their relationship with the National Archives and Records Administration (NARA) that enables the company to digitize NARA record collections at a new Ancestry.com
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Marcus Maltempo
NARA AT A GLANCE
 
 
 
 
 
 
 
 

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.




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