THE CORPORATE LIBRARY

Related Party Transactions and Outside Related Director Information

Nara Bancorp, Inc. (NARA)

5/31/2006 Proxy Information

Jesun Paik and Ki Suh Park are brothers-in-law.

There are no existing or proposed material transactions between the Company or the Bank and any of our officers, directors, nominees or principal stockholders or the immediate family or associates of the foregoing persons, except as indicated below:

Some of the directors and officers of the Company and/or the Bank and the immediate families and the business organizations with which they are associated, are customers of, and have had banking transactions with, the Bank in the ordinary course of our business and we expect to have banking transactions with such persons in the future. All loans made to such persons have been made on substantially the same terms, including interest rate and collateral, as those prevailing for comparable contemporaneous transactions with other persons of similar creditworthiness and do not involve more than a normal risk of collectibility or present other unfavorable features.

Stock Sale Agreement with Dr. Chong-Moon Lee

On August 31, 2005, Dr. Chong-Moon Lee, the chairman of the board agreed to purchase from the Company $20 million of newly issued shares of common stock at the market value on such date of $13.88 per share, or a total of 1,440,922 shares. The purchase price was determined by using the closing bid price for the CompanyÕs common stock on the Nasdaq National Market, the date both parties executed the purchase agreement. No underwriting discount or placement agent fee was payable in connection with this transaction. The transaction closed on September 12, 2005, after receipt by the Company of a fairness opinion by an outside investment banking firm. The shares of common stock sold to Dr. Lee were restricted, and the Company has not agreed to register the shares for resale under the Securities Act of 1933.

Sublease with Master Lessee of Yong Hwan Kim Related Entities

Yong Hwan Kim, who is a director of the Company and the Bank, owns approximately 15.96% partnership interest in Gordon Square LP which owns the commercial real property on which one of the BankÕs branches are located. Gordon Square LP is the master landlord to sublessors, Beach Galleria, LLC and Super 1 Hannam, Inc., which are unrelated to Mr. Kim and are both subleasing branch spaces to the Bank. The Bank does not have a direct lease with Gordon Square LP. In the year 2005, the Bank made aggregate total sublease payments of approximately $67,882.40 to Super 1 Hannam, Inc. and $14,039.50 to Beach Galleria LLC.

Consulting Agreement with Carpenter & Company

On March 13, 2006, the Bank agreed to retain Carpenter & Company to provide strategic consulting services to the Bank. Mr. Howard N. Gould, who was appointed director of the Company and the Bank on March 13, 2006, is the executive vice chairman of Carpenter & Company. The retainer is for a period of eighteen months and requires a payment of $20,000 per quarter for the first two quarters after the contract commencement date in 2006 and $15,000 per quarter thereafter, plus reimbursement of reasonable out-of-pocket expenses. The Company will also provide customary indemnification to Carpenter & Company.

3/15/2006 8K Information

Effective March 13, 2006, the Company agreed to engage Carpenter & Company for a term of eighteen months, during which time Carpenter & Company will provide strategic consulting services to the Company and the Bank. Mr. Gould is Vice Chairman and Chief Operating Officer of Carpenter & Company. The engagement involves payment to Carpenter & Company of $20,000 per quarter for the first two quarters and $15,000 per quarter thereafter, plus reimbursement of reasonable out-of-pocket expenses. The Company will also provide customary indemnification to Carpenter & Company.

9/6/2005 Proxy Information

Some of the directors and officers of Nara Bancorp and/or Nara Bank and the immediate families and the business organizations with which they are associated, are customers of, and have had banking transactions with, Nara Bank in the ordinary course of our business and we expect to have banking transactions with such persons in the future. All loans made to such persons have been made on substantially the same terms, including interest rate and collateral, as those prevailing for comparable contemporaneous transactions with other persons of similar creditworthiness and do not involve more than a normal risk of collectibility or present other unfavorable features.

Messrs. Jesun Paik and Ki Suh Park, are brothers-in-law.

6/30/2005 10-K Information

Jesun Paik and Ki Suh Park are brothers-in-law.

Some of the directors and officers of Nara Bancorp and/or Nara Bank and the immediate families and the business organizations with which they are associated, are customers of, and have had banking transactions with, Nara Bank in the ordinary course of our business and we expect to have banking transactions with such persons in the future. All loans made to such persons have been made on substantially the same terms, including interest rate and collateral, as those prevailing for comparable contemporaneous transactions with other persons of similar creditworthiness and do not involve more than a normal risk of collectibility or present other unfavorable features.

4/8/2004 Proxy Information

Some of the directors and officers of Nara Bancorp and/or Nara Bank and the immediate families and the business organizations with which they are associated, are customers of, and have had banking transactions with, Nara Bank in the ordinary course of our business and we expect to have banking transactions with such persons in the future. All loans made to such persons have been made on substantially the same terms, including interest rate and collateral, as those prevailing for comparable contemporaneous transactions with other persons of similar creditworthiness and do not involve more than a normal risk of collectibility or present other unfavorable features.