Preferred Bank Increases Quarterly Cash Dividend
June 23 2017 - 4:01PM
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 $0.20 per share, representing an increase of $0.02
or 11% over the previous quarterly dividend of $0.18 per share. The
dividend is payable on July 21, 2017 to holders of record on July
7, 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, through ten
full-service branch banking offices in California (Alhambra,
Century City, City of Industry, Torrance, Arcadia, Irvine, Diamond
Bar, 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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