8-K

                                  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): February 26, 2007


                               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:

[_]  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 8.01  Other Events.

         On February 26, 2007, Nara Bancorp, Inc. issued a press release
announcing the receipt of relief on certain restrictions imposed by regulatory
agencies. A copy of the press release is attached as Exhibit 99.1 to this
current report on Form 8-K.

         The foregoing information and the attached exhibit are intended to be
furnished only and shall not be deemed "filed" for purposes of Section 18 of the
Securities Exchange Act of 1934 or otherwise subject to the liabilities of that
Section, nor shall it be deemed incorporated by reference into any filing under
the Securities Act of 1933.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.    Description
- -----------    -----------

Exhibit 99.1   Press release issued by Nara Bancorp, Inc.
               dated February 26, 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:  February 27, 2007                By:      /s/ Alvin D. Kang
                                        -------------------------------
                                        Name:        Alvin D. Kang
                                        Title:       Chief Financial Officer

EX-99.1

                                                                    Exhibit 99.1



                        Nara Bancorp Receives Relief on
              Certain Restrictions Imposed by Regulatory Agencies



    LOS ANGELES--(BUSINESS WIRE)--Feb. 26, 2007--Nara Bancorp, Inc.
(the "Company") (NASDAQ:NARA), the holding company of Nara Bank (the
"Bank") announced today that the Federal Reserve Bank of San Francisco
(the "Reserve Bank"), by letter dated February 8, 2007, eased certain
operational and other restrictions on the Company that were originally
imposed in connection with the entry by Nara Bank into a Memorandum of
Understanding (MOU) on July 29, 2005. Due to the progress made by the
Company in addressing certain earlier criticisms and concerns of the
Reserve Bank, the following operational restrictions, among others,
were changed:

    --  The Company will no longer be required to seek Reserve Bank
        approval prior to paying dividends on its trust preferred
        securities or paying any other dividend in the amount of
        $800,000 or less.

    --  Prior approval requirements have been suspended for the
        receipt by the Company of dividends or other payments
        representing a reduction of capital of the Bank and for
        increases in Company borrowings or the incurrence or renewal
        of Company debt.

    --  The Company is no longer required to obtain approval from the
        Reserve Bank prior to issuing trust preferred securities.
        Instead it may issue such securities upon prior notice to the
        Reserve Bank.

    In connection with the lifting of the foregoing operational
restrictions on the Company, on February 23, 2007, the Bank entered
into an amendment of the MOU among the Bank, the Reserve Bank and the
California Department of Financial Institutions (the "Department"),
which eased related operating restrictions at the Bank level.
Accordingly, the Bank is no longer required to seek approval prior to
declaring or paying dividends to the Company for purposes of servicing
regularly scheduled trust preferred payments or prior to paying any
other dividend in an amount not exceeding $400,000.

    "We are very pleased that our regulators recognize the efforts we
have made to strengthen our corporate governance," said Min Kim, Chief
Executive Officer of Nara Bancorp. "We will continue to work
diligently towards receiving full relief from our MOU."

    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 18 branches and 7 loan production
offices in the United States. Nara Bank operates full-service branches
in California and New York, with loan production offices in
California, Washington, Texas, Georgia, Illinois, New Jersey, and
Virginia. 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."

    Forward-Looking Statements

    This press release contains forward-looking statements including
statements about future operations that are subject to risks and
uncertainties that could cause actual results to differ materially
from those expressed or implied by such forward-looking statements,
including, but not limited to economic, competitive, governmental and
technological factors affecting the Company's operations, markets,
products, services, and pricing. Readers should carefully review the
risk factors and the information that could materially affect the
Company's financial results and business, described in documents the
Company files from time to time with the Securities and Exchange
Commission, including its quarterly reports on Form 10-Q and Annual
Reports on Form 10-K. Readers are cautioned not to place undue
reliance on these forward-looking statements, which speak only as of
the date of this press release. The Company undertakes no obligation
to revise or publicly release the results of any revision to these
forward-looking statements.



    CONTACT: Financial Relations Board
             Investors and Financial Media:
             Tony Rossi, 310-854-8317