PFBC

Preferred Bank operates as the holding company for Preferred Bank, a full-service commercial bank serving businesses and their owners primarily in California and the greater New York City area. Headquartered in Los Angeles, California, the bank was founded in 1991 and focuses on providing relationship-based banking services to privately-held businesses, business owners, entrepreneurs, real estate investors, professionals, and high-net-worth individuals. The bank offers a comprehensive range of deposit products including checking, savings, and money market accounts, along with commercial real estate loans, commercial business loans, construction financing, and trade finance solutions. Preferred Bank operates through ten full-service branch locations in California and three in New York. As of recent reports, the company maintains total assets exceeding $7 billion and consistently ranks among the most profitable community banks in the United States based on return on assets. The bank distinguishes itself through its specialized focus on the Chinese-American business community while serving a diverse client base across various industries. The company emphasizes personalized service delivery, experienced relationship management teams, and conservative underwriting standards. Preferred Bank's business model centers on generating income through net interest margin on loans and investments, complemented by fee-based services including treasury management, international banking services, and letters of credit for import-export businesses.