Preferred Bank Company Description

Preferred Bank provides various banking products and services to small and mid-sized businesses, entrepreneurs, real estate developers, professionals, and high net worth individuals.

The company accepts checking, savings, and money market deposit accounts; fixed-rate and fixed maturity retail, and non-retail certificates of deposit; and individual retirement accounts.

It also provides real estate mortgage loans that are secured by retail, industrial, office, special purpose, and residential single and multi-family properties; real estate construction loans; commercial loans, including lines of credit for working capital, term loans for capital expenditures, and commercial and stand-by letters of credit; and small business administration loans for business purposes, such as owner-occupied commercial real estate, business acquisitions, start-ups, franchise financing, working capital, improvements and renovations, inventory and equipment, and debt-refinancing.

In addition, the company offers trade finance services, including commercial and export letters of credit, import lines of credit, documentary collections, international wire transfers, acceptances/trust receipt financing products, export financing, and bills purchase programs.

Further, it provides cash management services; and internet, mobile, and tablet banking services. The company was incorporated in 1991 and is headquartered in Los Angeles, California.

Preferred Bank

Country	United States
Founded	1991
Industry	Commercial Banks
Employees	323
CEO	Li Yu

Contact Details

Address: 601 South Figueroa Street Los Angeles, California 90017 United States
Phone	213 891 1188
Website	preferredbank.com

Stock Details

Ticker Symbol	1IU
Exchange	Frankfurt Stock Exchange
Stock Type	Common Stock
Fiscal Year	January - December
Reporting Currency	USD
SIC Code	6020

Key Executives

Name	Position
Li Yu	Chief Executive Officer
Edward Czajka	Chief Financial Officer
Wellington Chen	Chief Operating Officer