PFBC Preferred Bank

LOS ANGELES, Jan. 17 /PRNewswire-FirstCall/ -- Preferred Bank (NASDAQ:PFBC), today announced plans to release its financial results for the quarter and year ended December 31, 2006 at the close of the market on Wednesday, January 24, 2007. In conjunction with the release, management will host a conference call on Wednesday, January 24, 2007 at 5:00 p.m. Eastern (2:00 p.m. Pacific). The call will be simultaneously broadcast over the Internet. Interested participants and investors may access the conference call by dialing 866-250-2351 (domestic) or 303-262-2211 (international). There will also be a live webcast of the call available at the Investor Relations section of Preferred Bank's web site at http://www.preferredbank.com/. Web participants are encouraged to go to the web site at least 15 minutes prior to the start of the call to register, download and install any necessary audio software. Preferred Bank's Chairman and CEO Li Yu, Chief Financial Officer Edward Czajka and Chief Credit Officer Walt Duchanin will be present to discuss Preferred Bank's financial results, business highlights and outlook. After the live webcast, a replay will remain available in the Investor Relations section of Preferred Bank's web site. A replay of the call will be available at 800-405-2236 (domestic) or 303-590-3000 (international) through February 3, 2007; the pass code is 11082352. About Preferred Bank Preferred Bank is one of the largest independent commercial banks in California focusing on the Chinese-American market. 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 Company conducts its banking business from its main office in Los Angeles, California, and through ten full-service branch banking offices in Alhambra, Century City, Chino Hills, City of Industry, Torrance, Arcadia, Irvine, Diamond Bar, Santa Monica and Valencia, California. 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. Preferred Bank continues to benefit from the significant migration to Southern California of ethnic Chinese from China and other areas of East Asia. While its business is not solely dependent on the Chinese-American market, it represents an important element of the bank's operating strategy, especially for its branch network and deposit products and services. Preferred Bank believes it is well positioned to compete effectively with the smaller Chinese-American community banks, the larger commercial banks and other major banks operating in Southern California by offering a high degree of personal service and responsiveness, experienced multi-lingual staff and substantial lending limits. AT THE COMPANY: AT FINANCIAL RELATIONS BOARD: Edward Czajka Lasse Glassen Chief Financial Officer General Information (213) 891-1188 (310) 854-8313 DATASOURCE: Preferred Bank CONTACT: Edward Czajka, Chief Financial Officer of Preferred Bank, +1-213-891-1188; or General Information, Lasse Glassen of Financial Relations Board, +1-310-854-8313, , for Preferred Bank Web site: http://www.preferredbank.com/

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