Nara Bancorp Completes Common Stock Offering
31 Octubre 2011 - 2:01PM
Business Wire
Nara Bancorp, Inc. (NASDAQ:NARA) today announced the closing of
its public offering of common stock at a price of $7.25 per share
for gross proceeds of $63.3 million, or approximately $59.7 million
net proceeds after underwriting fees and estimated offering
expenses. The Company sold a total of 8,724,475 shares of its
common stock in the offering, including 7,586,500 primary shares
and 1,137,975 additional shares from the underwriters’ exercise of
the over-allotment option.
The offering was underwritten by Keefe, Bruyette & Woods,
Inc. and D.A. Davidson & Co.
The shares were offered pursuant to a prospectus supplement
filed as part of a shelf registration statement that has been filed
with the Securities and Exchange Commission on Form S-3
(Registration No. 333-172521) and is effective.
This announcement shall not constitute an offer to sell or the
solicitation of an offer to buy shares of Nara common stock, nor
shall there be any offer or sale of shares of Nara common stock in
any state in which such offer, solicitation or sale would be
unlawful.
The prospectus supplement and the accompanying prospectus by
which the offering was made may be obtained from Keefe, Bruyette
& Woods, Inc., Equity Capital Markets, 787 Seventh Avenue, 4th
Floor, New York, NY 10019, or by calling toll-free (800) 966-1559;
or from D.A. Davidson & Co. - Prospectus Department, 8 Third
Street North, Great Falls, MT 59401, (406) 791-7319.
About Nara Bancorp, Inc.
Nara Bancorp, Inc. is the parent company of Nara Bank, a
full-service community bank headquartered in Los Angeles with $3.0
billion in assets as of September 30, 2011. Nara Bank operates 23
full-service branches in California, New York and New Jersey, and a
loan production office in Texas. Founded in 1989 specifically to
serve the needs of Korean-Americans, Nara Bank now serves a diverse
group of customers mirroring its communities. Nara Bank specializes
in core business banking products for small and medium-sized
companies, with an emphasis in commercial real estate and business
lending, SBA lending and international trade financing. Nara Bank
is a member of the Federal Reserve System and its deposits are
insured by the FDIC. Nara Bank is an Equal Opportunity Lender.
Forward-Looking Information
This press release contains forward-looking statements that are
subject to risks and uncertainties that could cause actual results
to differ materially from those expressed or implied by such
forward-looking statements. These risks and uncertainties include
but are not limited to economic, competitive, governmental and
technological factors affecting the Company's operations, markets,
products, services and pricing. Readers should carefully review the
risk factors and the information that could materially affect the
Company's financial results and business, described in documents
the Company files from time to time with the Securities and
Exchange Commission, including its quarterly reports on Form 10-Q
and Annual Reports on Form 10-K, and particularly the discussions
of business considerations and certain factors that may affect
results of operations and stock price set forth therein. Readers
are cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date of the respective
documents. The Company undertakes no obligation to revise these
forward-looking statements.
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