Nara Bancorp, Inc. · Los Angeles, CA United States ·(NASDAQ (GS): NARA)
Company Description
Phone: 213-639-1700
Fax: 213-235-3033
Rankings
- S&P 600
View Nara Bancorp, Inc. Locations On A US Map
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This link will open in a new window Nara Bancorp is the holding company for state-chartered Nara Bank, which serves consumers and small to midsized minority-owned businesses through about 20 branches in Korean-American communities in California and the New York metropolitan area. It also has eight loan production offices in California, Georgia, Nevada, New Jersey, Texas, and Virginia. Commercial real estate loans make up more than two-thirds of the company's loan portfolio. The bank also provides Small Business Administration (SBA) loans and international trade financing. It discontinued offering auto and home equity loans. To read the full description, subscribe now.
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Key Nara Bancorp, Inc. Financials
| Company Type | Public - NASDAQ (GS): NARA Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $110.2 |
| 2008 Employees | 366 |
Nara Bancorp, Inc. Executives
23 executives listed for Nara Bancorp, Inc.'s Los Angeles, CA location.
| Title | Name & Bio | Contact |
| Chairman | Chong-Moon Lee | Network |
| President, CEO, and Director | Min Kim | Network |
| EVP and COO, Nara Bancorp and Nara Bank | Bonita Lee | Network |
Competition
Competitive Landscape for Nara Bancorp, Inc.
Demand for banking services is closely tied to economic activity and the level of interest rates. The profitability of individual banks depends on marketing skills, efficient operations, and good risk management. Large economies of scale exist in some segments of the industry, which has encouraged industry consolidation. Smaller banks can compete successfully in segments where customer service or knowledge of the local market is more important. The industry is capital-intensive and highly automated: annual revenue per employee is close to $300,000. Many banks and thrifts aggressively offered adjustable rate and subprime mortgages during the housing boom of the early 2000s only to find themselves saddled with loan defaults and extensive losses when the housing bubble burst. Deep exposure to subprime mortgages and mortgage-backed securities caused bank failures, government takeovers, and involuntary mergers. To read the full description, subscribe now.Top Nara Bancorp, Inc. Competitors
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