Preferred Bank
From Wikipedia, the free encyclopedia
| Preferred Bank | |
 |
|
| Type of Company | Public (NASDAQ: PFBC) |
|---|---|
| Founded | Los Angeles, CA (1991) |
| Headquarters | Los Angeles County, California and Orange County, California |
| Key people | Mr. Li Yu, Chairman, President & CEO Mr. Edward J. Czajka, CFO |
| Industry | Finance and Insurance |
| Products | Banking |
| Revenue | $56.83 million USD |
| Employees | 120 |
| Slogan | Quality Customer Service is Our Mandate |
| Website | www.preferredbank.com |
Preferred Bank (保富銀行) is a overseas Chinese bank in the United States. Headquartered in Los Angeles, with branch offices in Arcadia, California, Alhambra, California, Century City, Los Angeles, California, Chino, California, Diamond Bar, California, Industry, California, Irvine, California, Santa Monica, California, Torrance, California, and Valencia, Santa Clarita, California, this publicly-held community bank was first established in December 23, 1991.
The initial offering closed December 11, 1991, and was oversubscribed at $20,180,000, and the bank is listed on NASDAQ (PFBC). As a California State chartered bank, insured by the Federal Deposit Insurance Corporation, it has consistently earned the highest ratings from expert financial rating agencies such as Bauer Financial, Sheshunoff, Veribanc, Inc., and The Findley Reports.
In addition to ordinary banking services, Preferred Bank (保富銀行) also specializes in several areas to serve its predominantly Chinese American clientele to help it survive in the fierce competition, and these includes:
- International Market Business: consisting of importers and exporters requiring both borrowing and operational products
- International Private Banking: handling international private banking needs in the Pacific Rim area
- Middle Market Business: consisting of manufacturing, service and distribution companies with sales of $3 million to $50 million annually and with borrowing requirements of up to $7 million dollars.
- Professionals: consisting of physicians, accountants, attorneys, and professionals associated with the entertainment industry
[edit] External Link
 |
This United States bank-related article is a stub. You can help Wikipedia by expanding it. |
