Preferred Bank (PFBC)
NASDAQ: PFBC · IEX Real-Time Price · USD
85.00
+0.17 (0.20%)
Jul 17, 2024, 4:30 PM EDT - Market closed

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.

Preferred Bank
Preferred Bank logo
Country United States
Founded 1991
IPO Date Apr 7, 1998
Industry Banks - Regional
Sector Financials
Employees 299
CEO Li Yu

Contact Details

Address:
601 S. Figueroa Street, 29th Floor
Los Angeles, California 90017
United States
Phone 213-891-6829
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
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
Feb 10, 2022 SC 13G/A [Amend] Statement of acquisition of beneficial ownership by individuals
Feb 16, 2021 SC 13G/A [Amend] Statement of acquisition of beneficial ownership by individuals