Nara Bancorp Inc. named its chief operating officer as its interim president, and a former California bank commissioner as a director.
The $1.8 billion-asset Los Angeles company said Monday that Min Kim would serve as the acting president until a permanent successor is named for Ho Yang, who resigned last month.
Two other senior executives will work with Ms. Kim in a newly formed "interim office of the president." Mr. Yang's resignation came just weeks after his predecessor, Benjamin Hong, came out of retirement to become the CEO of the $513 million-asset Saehan Bancorp.
Nara named Howard Gould, a former commissioner of the California Department of Financial Institutions, as a director of the company and its Nara Bank. Mr. Gould is also the chairman of a newly formed "transition committee" that will advise Nara's interim officers.
The company said it is recruiting two additional independent directors to strengthen its corporate governance.
