NARA Nara Bancorp, Inc. (MM)

Nara Bancorp, Inc. (NASDAQ: NARA), the holding company of Nara Bank, expressed its condolences on the passing of David Hong, a founding director of Center Bank.

Ki Suh Park, Chairman of the Board of Directors of Nara Bancorp, spoke on behalf of the entire company, “We had the opportunity to get to know Mr. Hong well during the merger process and we are deeply saddened to learn of his passing. Mr. Hong made many valuable contributions to the Korean American community during his lifetime and he will be profoundly missed. Our deepest sympathies go out to Mr. Hong’s family, as well as our friends at Center Bank that have lost a valued adviser and colleague that played an instrumental role in the growth of the bank over the past 26 years.”

About Nara Bancorp, Inc.

Nara Bancorp, Inc. is the parent company of Nara Bank, which was founded in 1989. Nara Bank is a full-service community bank headquartered in Los Angeles, with 23 branches and one loan production office in the United States. Nara Bank operates full-service branches in California, New York and New Jersey, and a loan production office in Texas. Nara Bank was founded specifically to serve the needs of Korean-Americans. Presently, Nara Bank 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 FDIC and is an Equal Opportunity Lender.

Nara Bancorp (NASDAQ:NARA)
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