Business Context and Reporting Period
This Form 8-K Current Report was filed by Nara Bancorp, Inc. (referred to in metadata as HOPE BANCORP INC) on December 20, 2006. The report discloses a corporate governance event effective as of the filing date.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on personnel and board composition changes.
Material Changes
Effective December 20, 2006, the Boards of Directors of Nara Bancorp, Inc. and its subsidiary, Nara Bank, appointed Min J. Kim as a new director. Ms. Kim, who currently serves as President and Chief Executive Officer of both entities, will also serve on the following committees:
- Asset Liability Management
- Loan & Credit Policy
- Risk & Compliance
- Joint Compliance (a joint committee of the Bank and the Company)
Management Commentary and Background
Management highlights that Ms. Kim brings nearly 25 years of banking experience. She has been with Nara Bank since 1995, holding previous roles as Chief Credit Administrator, Chief Credit Officer, and Acting President and Chief Operating Officer. Prior to joining the Bank, she served as a Branch Manager at Hanmi Bank and an Operations Officer at Wilshire State Bank.
Investor Verification Checklist
- Confirm the effective date of Min J. Kim's appointment to the Board of Directors.
- Verify the specific committees on which Ms. Kim will serve.
- Review the company's most recent 10-K or 10-Q for financial performance data, as this 8-K contains no financial metrics.