BBCN Bancorp, Inc. (BBCN)

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Nara Bancorp and Center Financial Complete Merger of Equals Creating the Largest Korean American Bank in the Country

Nara Bancorp, Inc. (NASDAQ: NARA) and Center Financial Corporation (NASDAQ: CLFC) today announced the completion of their merger of equals that creates the largest Korean American bank in the country.

As previously announced, the combined company will operate under the new name of BBCN. The name of the holding company will be BBCN Bancorp, Inc. and the name of the bank will be BBCN Bank. It is expected that BBCN will start trading under the new stock ticker symbol, “BBCN“, effective as of market open on Thursday, December 1, 2011.

BBCN is the largest and best capitalized bank serving Korean American communities across the country. BBCN has more than $5 billion in assets, more than $4 billion in deposits, and more than 40 branches in Southern California, Northern California, New York, New Jersey, Seattle and Chicago. BBCN will have a market capitalization exceeding $700 million, based on recent trading prices.

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