Two Los Angeles community banks that cater to Korean-Americans announced strong earnings this week.

Nara Bank said Thursday that its net income for 2000 rose 163% from the year earlier, to a record $10.5 million. Net income per share was $1.99 for the year. On Wednesday, $1 billion-asset Hanmi Bank reported a 29.4% increase in net income for 2000, to $15.5 million.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.