Preferred Bank to Present at Sandler O'Neill & Partners L.P. West Coast Financial Services Conference
February 27 2007 - 5:52PM
PR Newswire (US)
LOS ANGELES, Feb. 27 /PRNewswire-FirstCall/ -- Preferred Bank
(NASDAQ:PFBC), announced today that Li Yu, Chairman, President and
Chief Executive Officer, will be presenting on Tuesday, March 6,
2007 at 1:00 p.m. PST at the Sandler O'Neill West Coast Financial
Services Conference to be held in San Francisco, California.
Attendance at the Conference is by invitation only. However, a
simultaneous webcast and audio conference of the presentation may
be accessed live via the internet by going to
http://www.sandleroneill.com/. Registration will be required so
please allow extra time before the presentation. To listen to the
conference via audio, please call (866) 634-2275. An archive of the
webcast will be available beginning on March 7, 2007 and be
available for 30 days. 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 other 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. For Further Information: AT
THE COMPANY: AT FINANCIAL RELATIONS BOARD: Edward J. Czajka Lasse
Glassen Chief Financial Officer General Information (213) 891-1188
(310) 854-8313 DATASOURCE: Preferred Bank CONTACT: Edward J.
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
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