Preferred Bank

Preferred Bank

Infobox_Company
company_name = Preferred Bank
company_
company_type = Public (nasdaq|PFBC)
company_slogan = Quality Customer Service is Our Mandate
foundation = Los Angeles, CA (1991)
location = Los Angeles County, California and Orange County, California
key_people = Mr. Li Yu, Chairman, President & CEO
Mr. Edward J. Czajka, CFO
num_employees = 120
industry = Finance and Insurance
products = Banking
revenue = $56.83 million USD
homepage = [http://www.preferredbank.com www.preferredbank.com]

Preferred Bank (Chinese: 保富銀行) is a overseas Chinese bank in the United States.

Headquartered in Los Angeles, with branch offices in Arcadia, California,Alhambra, California, Century City, Los Angeles, California, Chino, California, Diamond Bar, California, Industry, California, Irvine, California, Santa Monica, California, Torrance, California, and Valencia, Santa Clarita, California, this publicly-held community bank was first established in December 23, 1991.

The initial offering closed December 11, 1991, and was oversubscribed at $20,180,000, and the bank is listed on NASDAQ (PFBC). As a California State chartered bank] , insured by the Federal Deposit Insurance Corporation, it has consistently earned the highest ratings from expert financial rating agencies such as Bauer Financial, Sheshunoff, Veribanc, Inc., and The Findley Reports.

In addition to ordinary banking services, Preferred Bank also specializes in several areas to serve its predominantly Chinese American clientele to help it survive in the fierce competition, and these includes:
*International Market Business: consisting of importers and exporters requiring both borrowing and operational products
*International Private Banking: handling international private banking needs in the Pacific Rim area
*Middle Market Business: consisting of manufacturing, service and distribution companies with sales of $3 million to $50 million annually and with borrowing requirements of up to $7 million dollars.
*Professionals: consisting of physicians, accountants, attorneys, and professionals associated with the entertainment industry

External links

* [http://www.preferredbank.com Preferred Bank]


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