Preferred Bank (PFBC)

NASDAQ: PFBC · IEX Real-Time Price · USD
67.16
-0.86 (-1.27%)
Jul 1, 2022 12:15 PM EDT - Market open

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 in the United States.

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; and commercial loans comprising lines of credit for working capital, term loans for capital expenditures, and commercial and stand-by letters of credit; and SBA 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, documentary collections, and bills purchase programs.

Further, it provides various high-wealth banking services to wealthy individuals residing in the Pacific Rim area; and remote deposit capture, and online and mobile banking services.

Additionally, the company offers various banking services to physicians, accountants, attorneys, business managers, and other professionals; and safe deposit boxes, account reconciliation, courier service, and cash management services to the manufacturing, service, and distribution companies.

As of December 31, 2021, it had eleven full-service branch offices in Alhambra, Century City, City of Industry, Torrance, Arcadia, Irvine, Diamond Bar, Pico Rivera, Tarzana, and San Francisco; and one branch in Flushing, New York.

The company was incorporated in 1991 and is headquartered in Los Angeles, California.

Preferred Bank
Preferred Bank Logo
Country United States
Founded 1991
IPO Date Apr 7, 1998
Industry Banks
Sector Financials
Employees 279
CEO Li Yu

Contact Details

Address:
601 South Figueroa Street
Los Angeles, California 90017-5734
United States
Phone 213 891 1188
Website preferredbank.com

Stock Details

Ticker Symbol PFBC
Exchange NASDAQ
Reporting Currency US Dollars
CIK Code 0001492165
CUSIP Number 740367107
ISIN Number US7403674044
Employer ID 95-4340119
SIC Code 7021

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
Feb 14, 2022 SC 13G/A Statement of acquisition of beneficial ownership by individuals
Feb 10, 2022 SC 13G/A Statement of acquisition of beneficial ownership by individuals
Feb 16, 2021 SC 13G/A Statement of acquisition of beneficial ownership by individuals
Feb 12, 2021 SC 13G/A Statement of acquisition of beneficial ownership by individuals
Feb 12, 2021 SC 13G/A Statement of acquisition of beneficial ownership by individuals
Feb 12, 2021 SC 13G/A Statement of acquisition of beneficial ownership by individuals
Feb 10, 2021 SC 13G/A Statement of acquisition of beneficial ownership by individuals
Feb 14, 2020 SC 13G/A Statement of acquisition of beneficial ownership by individuals
Feb 14, 2020 SC 13G/A Statement of acquisition of beneficial ownership by individuals
Feb 14, 2020 SC 13G/A Statement of acquisition of beneficial ownership by individuals