Nara Bancorp Inc. said that it netted $82 million from a secondary offering of its common shares that closed Tuesday.The Los Angeles holding company for Nara Bank said it sold 10 million shares at $7.50 per share. Its underwriter, Keefe, Bruyette & Woods Inc., bought 1.5 million additional shares in its over-allotment option. Gross proceeds totaled $86.3 million.
Nara intends to use proceeds for general corporate purposes, which may include funding acquisitions, working capital and related regulatory capital needs.
Nara shares closed up 2 cents, or less than 1 percent, to $7.50 on the Nasdaq.