XNAS
PFBC
Market cap1.22bUSD
Oct 08, Last price
102.63USD
1D
-0.39%
1Q
-2.94%
Jan 2017
95.78%
IPO
-25.18%
Name
Preferred Bank
Chart & performance
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Profile
Preferred Bank offers a wide array of commercial banking products and services throughout the United States. Its primary clients include small and mid-sized businesses and their owners, entrepreneurs, real estate developers and investors, various professionals, and high-net-worth individuals. The institution provides diverse deposit options, such as checking, savings, and money market accounts. They also feature fixed-rate and fixed-maturity certificates of deposit for both retail and non-retail clients, along with individual retirement accounts. On the lending side, Preferred Bank extends real estate mortgage loans secured by a variety of properties, including retail, industrial, office, special purpose, and residential (single and multi-family) assets. They also finance real estate construction projects and offer commercial loans like working capital lines of credit, term loans for capital expenditures, and both commercial and standby letters of credit, in addition to SBA loans. Furthermore, the bank provides extensive trade finance solutions. These encompass commercial and export letters of credit, import lines of credit, international wire transfers, documentary collections, acceptance/trust receipt financing products, export financing, and bills purchase programs. Specialized high-wealth banking services are available for affluent individuals residing in the Pacific Rim region. The bank also supports modern financial management through remote deposit capture, as well as online and mobile banking platforms. Dedicated banking services are provided to professionals such as physicians, accountants, attorneys, and business managers. Manufacturing, service, and distribution companies can benefit from safe deposit boxes, account reconciliation, courier services, and comprehensive cash management solutions. As of December 31, 2021, Preferred Bank operated eleven full-service branch locations across California, including Alhambra, Century City, City of Industry, Torrance, Arcadia, Irvine, Diamond Bar, Pico Rivera, Tarzana, and San Francisco. An additional branch is situated in Flushing, New York. The bank was established in 1991 and maintains its headquarters in Los Angeles, California.
Key people
Chairman of the Board, Chief Executive Officer · since 2012
Wellington Chen
President, Chief Operating Officer · since 2012
Edward Czajka
Chief Financial Officer, Executive Vice President · since 2020
Johnny Hsu
Executive Vice President, Deputy Chief Operating Officer · since 2018
Nick Pi
Executive Vice President, Chief Risk Officer · since 2025
J. Richard Belliston
Independent Director · since 2003
William Cheng
Independent Director · since 1995
Clark Hsu
Independent Vice Chairman of the Board · since 2011
Gary Nunnelly
Independent Director · since 1991
Kathleen Shane
Independent Director · since 2019
Independent Director · since 2012
Wayne Wu
Independent Director · since 2013
Headquarters & legal address
601 S Figueroa St
Los Angeles, CA 90017-5734
US
Los Angeles, CA 90017-5734
US
Valuation
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