UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 12, 2007
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Nara Bancorp, Inc.
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(Exact name of registrant as specified in its charter)
Delaware 000-50245 95-4170121
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
3731 Wilshire Boulevard, Suite 1000, Los Angeles, CA 90010
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (213) 639-1700
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(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))
Item 1.02 Termination of Material Definitive Agreement.
As previously disclosed, Nara Bank ( the "Bank"), the subsidiary of
Nara Bancorp, Inc. (the "Company"), had entered into a Memorandum of
Understanding (the "MOU") with the Federal Reserve Bank of San Francisco (the
"Reserve Bank") and the California Department of Financial Institutions (the
"DFI") dated July 29, 2005, which was amended on February 23, 2007.
Effective as of July 12, 2007, the Reserve Bank and DFI terminated the
MOU. A copy of the press release is attached as Exhibit 99.1 to this current
report on Form 8-K.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibit
99.1 Press release issued by Nara Bancorp, Inc. dated July 16, 2007.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
NARA BANCORP, INC.
Date: July 16, 2007 /s/ Alvin D. Kang
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Alvin Kang
Executive Vice President and
Chief Financial Officer