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Nara Bancorp to Pay Dividend to U.S. Treasury

  //business-finance.news-articles.net/content/200 .. ara-bancorp-to-pay-dividend-to-u-s-treasury.html
  Published in Business and Finance on Wednesday, February 4th 2009 at 13:11 GMT, Last Modified on 2009-02-04 13:11:48 by Market Wire
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LOS ANGELES--([ BUSINESS WIRE ])--Nara Bancorp, Inc. (NASDAQ:NARA) today announced a total quarterly dividend of $781,666.67 payable to the U.S. Treasury on the 67,000 shares of Fixed Rate Cumulative Perpetual Preferred Stock, Series A, purchased from the Company by the Treasury as part of the Department's Capital Purchase Program. The dividend is payable on February 17, 2009. The U.S. Treasury is the only holder of the Series A preferred stock.

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 21 branches and 5 loan production offices in the United States. Nara Bank operates full-service branches in California, New York and New Jersey, with loan production offices in California, Nevada, Texas, Georgia, and New Jersey. Nara Bank was founded specifically to serve the needs of Korean-Americans, one of the fastest-growing Asian ethnic communities over the past decade. 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 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. For more information on Nara Bank, visit our website at [ www.narabank.com ]. Nara Bancorp, Inc. stock is listed on NASDAQ under the symbol "NARA."