Preferred Bank Increases Quarterly Cash Dividend
December 23 2016 - 08:30AM
Preferred Bank (NASDAQ:PFBC), an independent
commercial bank focusing on the diversified California market,
today reported that the Board of Directors has declared a quarterly
cash dividend of $0.18 per share, representing an increase of $0.03
or 20% increase over the prior quarter. The dividend is payable on
January 20, 2017 to holders of record on January 6, 2017.
About Preferred Bank
Preferred Bank (the “Bank”) is one of the larger
independent commercial banks headquartered in California. The Bank
is chartered by the State of California, and its deposits are
insured by the Federal Deposit Insurance Corporation, or FDIC, to
the maximum extent permitted by law. The Bank conducts its banking
business from its main office in Los Angeles, California, and
through eleven full-service branch banking offices in California
(Alhambra, Century City, City of Industry, Torrance, Arcadia,
Irvine, Diamond Bar, Anaheim, Pico Rivera, Tarzana and San
Francisco) and one branch in Flushing, New York. Preferred Bank
offers a broad range of deposit and loan products and services to
both commercial and consumer customers. The Bank provides
personalized deposit services as well as real estate finance,
commercial loans and trade finance to small and mid-sized
businesses, entrepreneurs, real estate developers, professionals
and high net worth individuals. Although originally founded as a
Chinese-American Bank, Preferred Bank now derives most of its
customers from the diversified mainstream market but does continue
to benefit from the significant migration to California of ethnic
Chinese from China and other areas of East Asia.
AT THE COMPANY:
Edward J. Czajka
Executive Vice President
Chief Financial Officer
(213) 891-1188
AT FINANCIAL PROFILES:
Kristen Papke
General Information
(310) 663-8007
kpapke@finprofiles.com
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