EX-99.2 3 dex992.htm MEDIA FACT SHEET Media Fact Sheet

EXHIBIT 99.2

Transforming the Korean-American Banking Landscape

MERGER OF EQUALS

 

LOGO    +    LOGO

Deal at a Glance

 

Transaction Summary:    Merger of Equals between Nara Bancorp and Center Financial creates the largest and strongest bank in the Korean-American community with a true national presence
Terms:    Center Financial shareholders will receive 0.7804 shares of Nara Bancorp stock for every one share of Center Financial stock they own
Ownership:   

•        Nara Bancorp shareholders will own 55% of the combined company

 

•        Center Financial shareholders will own 45% of the combined company

Expected Closing:    Sometime in the second half of 2011
Required Approvals:   

•        Approval of regulators

 

•        Approval of Nara Bancorp shareholders

 

•        Approval of Center Financial shareholders

Management and Board of Directors:   

Alvin Kang will be CEO of the combined company; Jae Whan (J.W.) Yoo will be President

 

Bank Holding Company: Ki Suh Park will be the Chairman and Chang Hwi Kim will be Vice Chairman

 

Bank: Kevin Kim will be Chairman and Scott Whang will be Vice Chairman

 

The Board of Directors will consist of 7 directors from Nara and 7 directors from Center

Pro Forma Combination:   

•        More than $5 billion in assets and $4 billion in deposits

 

•        More than 40 branches in Southern California, Northern California, New York, New Jersey, Seattle and Chicago

 

•        The largest deposit market share among Korean-American banks in Southern California, Northern California and the New York/New Jersey area, and strong market share in Seattle and Chicago

Transaction Rationale:   

•        Shareholders will benefit from the increased earnings power of the combined company and the improved ability to generate profitable growth going forward

 

•        Customers will benefit from the convenience of additional locations and increased investment in the bank’s products and services capabilities

 

•        Employees will benefit from being part of the most profitable and strongest bank in the Korean-American community