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

On February 12, 2009, Ms. Bonita Lee, 46, was offered and accepted the position of Executive Vice President and Chief Operating Officer (COO) for Nara Bancorp, Inc. (the "Company") and its subsidiary Nara Bank, effective as of March 16, 2009.

Ms. Lee, the Company's former Chief Credit Officer, worked for Nara Bancorp for 15 years prior to leaving the Bank in September 2008 to serve as Regional President of the Western Region of a Korean financial services company. As COO, Ms. Lee will oversee all business units and have responsibility for the day-to-day operations, including marketing and information technology.

Ms. Lee will be paid a base salary of $230,000 a year and be paid a signing bonus of $45,000 upon her first day of employment.

Ms. Lee will participate in the Company's Long Term Incentive Plan ("LTIP") and be eligible for a change in control payment of one year of base salary plus accrued bonus, if any. Ms. Lee was granted options to purchase 40,000 shares of Company common stock, at an exercise price of $8.64 per share. Her stock options will vest over five years at 20% a year on the anniversary of the grant date. Ms. Lee's participation in the LTIP, change in control payments and the grant of her stock options may be subject to certain requirements of recent federal legislation

Item 9.01 Financial Statements and Exhibits.

99.1 Press Release dated March 12, 2009.

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