Company Description
Preferred Bank provides various commercial banking products and services to small and mid-sized businesses and their owners, entrepreneurs, real estate developers and investors, 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 comprising lines of credit for working capital, term loans for capital expenditures, and commercial and stand-by letters of credit; and small business administration loans.
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 operates through full-service branch offices in the California counties of Los Angeles, Orange and San Francisco; Flushing, New York; Houston suburb of Sugar Land, Texas; and a satellite office in Manhattan, New York.
The company was incorporated in 1991 and is headquartered in Los Angeles, California.
| Country | United States |
| Founded | 1991 |
| IPO Date | Apr 7, 1998 |
| Industry | Banks - Regional |
| Sector | Financials |
| Employees | 300 |
| CEO | Li Yu |
Contact Details
Address: 601 South Figueroa Street, 48th and 47th Floors Los Angeles, California 90017 United States | |
| Phone | 213 891 1188 |
| Website | preferredbank.com |
Stock Details
| Ticker Symbol | PFBC |
| Exchange | NASDAQ |
| Fiscal Year | January - December |
| Reporting Currency | USD |
| CIK Code | 0001492165 |
| CUSIP Number | 740367404 |
| ISIN Number | US7403674044 |
| Employer ID | 95-4340199 |
Key Executives
| Name | Position |
|---|---|
| Li Yu | Chairman, Chief Executive Officer and Corporate Secretary |
| Wellington Chen | President and Chief Operating Officer |
| Edward J. Czajka | Executive Vice President and Chief Financial Officer |
| Nick Pi | Executive Vice President and Chief Credit Officer |
| Johnny Hsu | Executive Vice President and Deputy Chief Operating Officer |
| Robert J. Kosof | Executive Vice President of Commercial Lending |
| Sandy Ho | Executive Vice President and Regional Manager |
| Stella Chen | Senior Vice President |
| Erika Chi | Executive Vice President |
| Ted Hsu | Executive Vice President |
Latest SEC Filings
| Date | Type | Title |
|---|---|---|
| Nov 14, 2024 | SC 13G/A | [Amend] Statement of acquisition of beneficial ownership by individuals |
| Oct 31, 2024 | SC 13G | Statement of acquisition of beneficial ownership by individuals |
| Feb 14, 2024 | SC 13G/A | [Amend] Statement of acquisition of beneficial ownership by individuals |
| Feb 13, 2024 | SC 13G/A | [Amend] Statement of acquisition of beneficial ownership by individuals |
| Jan 24, 2024 | SC 13G/A | [Amend] Statement of acquisition of beneficial ownership by individuals |
| Feb 14, 2023 | SC 13G | Statement of acquisition of beneficial ownership by individuals |
| Feb 14, 2023 | SC 13G/A | [Amend] Statement of acquisition of beneficial ownership by individuals |
| Feb 9, 2023 | SC 13G/A | [Amend] Statement of acquisition of beneficial ownership by individuals |
| Jan 24, 2023 | SC 13G | Statement of acquisition of beneficial ownership by individuals |
| Feb 14, 2022 | SC 13G/A | [Amend] Statement of acquisition of beneficial ownership by individuals |