Li Yu, Chief Executive Officer of Preferred Bank presides over the closing bell. |
Li Yu, Chief Executive Officer of Preferred Bank, presides over the closing bell.
Monday, April 09, 2007
Preferred Bank
[PFBC]
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Li Yu, Chief Executive Officer of Preferred Bank, presides over the closing bell.
Established in 1991, Preferred Bank is a full service commercial bank.
The bank provides commercial, real estate, real estate construction and international lending products and deposit products include regular checking, savings, NOW and money market deposit accounts, fixed-rate and fixed maturity certificates of deposits, and individual retirement accounts. The Bank serves both the Chinese-American market as well as the mainstream market in Southern California. The bank conducts banking business from its headquarters in downtown Los Angeles, and through its 10 full-service branch banking offices located in Alhambra, Century City, City of Industry, Torrance, Arcadia, Irvine, Diamond Bar, Valencia, Santa Monica, and Chino in California. On February 15, 2005, Preferred Bank went public in an IPO and issued approximately 1,478,000 shares at a price of $25.33 per share, raising approximately $37mm in additional capital.
Preferred Bank is one of the most highly regarded banks in California.
It has consistently earned the highest ratings from expert financial rating agencies such as Bauer Financial, Sheshunoff, Veribanc, Inc., and The Findley Reports.
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