Banks Find a Niche in Korean Businesses ; Branches, Funding Shift to Eastern Bergen County

Summary

---

When Los Angeles-based Nara Bank was looking to expand into North Jersey, the best location it could find was an underused Interchange Bank branch in Hackensack.

Interchange, which acquired a more visible Hackensack branch by purchasing Bridge View Bancorp last year, was happy to sell the walk- in bank inside a Main Street office building.

See the full content of this document

Extract

---

Banks Find a Niche in Korean Businesses ; Branches, Funding Shift to Eastern Bergen County

For Nara, which caters to entrepreneurial Korean-Americans, the branch is not expected to be a big money maker. But it's a foot in the door in Bergen County. The Hackensack deal, announced this month, will make it easier for Nara to win regulatory approval for br...

See the full content of this document

---