President's Message

Dear Valued Customers,

We are delighted to inform all of you that BankAsiana has again exceeded the expectations in its second year of operation. Now, BankAsiana is achieving month-to-month operating profits. In fact, we began generating monthly profits within the first 18 months since our opening in November of 2007.

As of December 31, 2009, we reached over $100 million in total deposits, $97 million in total loans and over $130 million in total assets. These figures compare with $74 million in deposits, $60 million in loans and $92 million in assets as of December 31, 2008.

BankAsiana continues to be very well capitalized with plenty of excess equity. At December 31, 2009, the Bank's tier 1 leverage ratio was 13.26%.

As you may already know, on January 2, 2010, the Record, one of the most prominent news sources in the State of New Jersey, has recognized BankAsiana as the second most active lender in Bergen and Passaic Counties. In fact, the research concluded by the Record included all banks headquartered in Bergen and Passaic, New Jersey.

On our business front, BankAsiana continues to be recognized by the New Jersey and New York District Offices of the U.S. Small Business Administration. BankAsiana was honored by the SBA New York District Office by receiving the Silver Award for its excellence. Further, on January 6, 2010, we were pleased to have the presence of Mr. William C. Boone, SBA New Jersey District Assistant District Director and Ms. Onica E. Browne, Lender Relations Specialist at our offices to share our common vision of making the communities we serve better.

BankAsiana's SBA activity is currently marking 8th in the New Jersey District and 2nd in the New York District as we look to capture the available, viable, and safe and sound lending opportunities during the course of this year and forward.

With respect to our expansionary efforts, we are fully considering the viability to expand our capacities in the New Jersey and New York Metropolitan Areas during 2010. I look to personally inform all of you the fruits of our efforts in short due course.

Dedicated to our commitment of providing the Highest Standard of Service Excellence, BankAsiana continues to provide key services to enhance customer satisfaction, ultimately leading to all of your satisfaction.

By now, you'd know that BankAsiana is positioned to achieve even greater accomplishments as we move ahead. We would like to take this opportunity to express our gratitude for your considerable role in making BankAsiana a continuing success in all aspects of our banking business.

Thank you very much.

Respectfully yours,

Hong Sik Hur
President and Chief Executive