Preferred Bank Announces Quarterly Cash Dividend

LOS ANGELES, September 22, 2021 (GLOBE NEWSWIRE) – Preferred Bank (NASDAQ: PFBC), one of California’s largest independent commercial banks, today announced that the board of directors has declared a quarterly cash dividend of $ 0.38 per share. The dividend is payable on October 21, 2021 to holders of record on October 7, 2021.

About the preferred bank

Preferred Bank (the “Bank”) is one of the largest independent commercial banks headquartered in California. The Bank is licensed by the State of California and its deposits are insured by the Federal Deposit Insurance Corporation, or FDIC, to the fullest extent permitted by law. The Bank operates its banking activities from its main office in Los Angeles, California, and through eleven full-service bank branches in California (Alhambra, Century City, City of Industry, Torrance, Arcadia, Irvine, Diamond Bar, Pico Rivera, Tarzana and San Francisco (2)) and a branch in Flushing, New York. In addition, the bank operates a loan production office in the Houston suburb of Sugar Land, Texas. Preferred Bank offers a wide range of deposit and loan products and services to business customers and consumers. The Bank provides personalized deposit services as well as real estate finance, business loans and trade finance to small and medium-sized businesses, entrepreneurs, real estate developers, professionals and high net worth individuals. Although originally founded as a Chinese-American bank, Preferred Bank now draws most of its customers from the diverse mainstream market, but continues to benefit from the significant migration to California of ethnic Chinese from China and others. regions of East Asia.