Preferred Bank
NASDAQ:PFBC

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Preferred Bank
NASDAQ:PFBC
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Price: 87.34 USD 0.69% Market Closed
Market Cap: 1.2B USD
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Preferred Bank
Investor Relations

Preferred Bank, founded in 1991 and headquartered in Los Angeles, California, has carved out a niche as a leading player catering to the financial needs of middle-market businesses and high-net-worth individuals. The bank's roots reflect its strategic focus on relationship banking, emphasizing personalized service and tailored solutions. This approach distinguishes Preferred Bank from larger institutions, as it thrives on its ability to offer flexibility and rapid decision-making. With a concentration in commercial real estate and business lending, Preferred's operations are heavily tied to the dynamic economic ecosystem of Southern California. Its agility in meeting the complex demands of its clients is bolstered by a team of seasoned banking professionals who offer bespoke financial strategies, seamlessly blending traditional banking services with a forward-thinking approach to addressing financial complexities.

In terms of its business model, Preferred Bank capitalizes on its robust loan portfolio, which consists largely of real estate, commercial, and personal loans, generating interest income, which is its primary revenue stream. By maintaining a disciplined risk management framework, the bank balances loan growth with asset quality, ensuring profitability while safeguarding its financial health. Additionally, the bank earns significant non-interest income through banking services such as cash management and foreign exchange services, which serve the dual purpose of enhancing client relationships and diversifying revenue streams. As a public company, Preferred Bank leverages its solid financial performance and regional expertise to attract investors, underscoring its commitment to growth and shareholder value. In navigating the competitive and regulatory financial landscape, Preferred Bank's targeted lending approach and regional expertise continue to underpin its success in delivering consistent financial results.

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Management

Mr. Li Yu
Chairman, CEO & Corporate Secretary
No Bio Available
Mr. Wellington Chen
President & COO
No Bio Available
Mr. Edward J. Czajka
Executive VP & CFO
No Bio Available
Mr. Robert J. Kosof
Executive Vice President of Commercial Lending
No Bio Available
Ms. Sandy Ho
Executive VP & Regional Manager
No Bio Available
Ms. Stella Chen
Senior Vice President
No Bio Available
Pamela Lau
Executive Vice President
No Bio Available

Contacts

Address
CALIFORNIA
Los Angeles
601 South Figueroa Street
Contacts