8-K/A

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K/A

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):  March 30, 2005

Nara Bancorp, Inc.

(Exact name of registrant as specified in its charter)

Delaware	000-50245	95-4170121
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

3701 Wilshire Blvd., Suite 220, Los Angeles, CA	90010
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code (213) 639-1700

(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):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 5.02   Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers

(a)As previously reported, on March 30, 2005, the Chairman of the Board of Directors of Nara Bancorp, Inc. received a letter dated March 25, 2005 from Mr. Benjamin Hong in which he resigned from the Board of Directors and committees of Nara Bancorp, Inc. (the “Company”).

Mr. Hong has delivered a letter dated April 7, 2005 (the “Letter”) addressed to the Board Members of Nara Bancorp, Inc. and delivered to certain of the Board members.  In the Letter, Mr. Hong has provided his thoughts and evaluation of the Company’s actions announced on March 30, 2005.  While Mr. Hong’s letter refers to March 20, 2005, the Company disclosed the decisions of the Subcommittee of the Audit Committee and the Board of Directors relating the restatement of the Company’s financial statements for the fiscal year ended December 31, 2002 and certain personnel actions on March 30, 2005.   The Letter is attached as Exhibit 99.1 hereto.

Item 9.01   Financial Statements and Exhibits

Exhibit 99.1 – Letter dated April 7, 2005 from Mr. Benjamin Hong to the Board of Directors of Nara Bancorp, Inc.

2

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:  April 11, 2005		/s/ Christine Yoon Oh
	Christine Yoon Oh
	Acting Chief Financial Officer

3

EX-99.1

EXHIBIT 99.1

April 7, 2005

Dear Board members of Nara Bancorp:

I would like to provide you with my thoughts and evaluation of the bancorp’s announcement on March 20, 2005.  I regret that I am writing this letter after your announcement was made, because I have not had the benefit of knowing the outcome of the investigation of the outside counsel, nor have I had a chance to defend my position regarding the allegation related to Thomas Chung’s letter dated October 10, 2002.

First, I believe the restatement of the year 2002 annual financial results is not warranted, nor justified.  You are aware of the fact that neither the $600,000, nor any portion of that amount has ever been paid to me.  It is almost certain now that the bank will not pay any portion of it in the future.  Why is the restatement necessary at this time?

Second, Thomas Chung’s letter specified that the payment of any portion of the $600,000 would be for the reimbursement of my future business expenses up to $60,000 per year for my anticipated services as a board member in M&A and investor related activities.  These anticipated activities would benefit the bank’s future performances and would be justifiable business expenses to be paid out of the bank’s future earnings.  All the bank’s board members approved this idea, before Thomas Chung signed the letter.

Third, John Park and Yonghwan Kim served as members of the special audit committee on this case.  They approved Thomas Chung’s letter in 2002.  I believe they both have a conflict of interest here and should have resigned from the committee as Thomas Chung did.

Fourth, Thomas Chung’s letter was never intended to be confidential nor was it kept as a secret from the Board members.  Since the nature of the letter was that of a mutual understanding between the board members and myself, I asked Tim Chang, CFO and Ho Yang, my successor, at the time of my retirement, to discuss the letter with the board members and inform me what would be a reasonable and acceptable arrangement for the bank.  If I knew then what I know now, I would have been willing to release the bank from its obligations to me.  The board has not given me any chance to do so.

I believe the actions that the board members have taken so far lacks business judgment and has created much confusion among shareholders.  In my opinion, this is not the way to serve for the best interest of shareholders.

Sincerely,

Benjamin Hong

1