Preferred Bank Reschedules Second Quarter Conference Call
July 22 2008 - 8:16PM
PR Newswire (US)
LOS ANGELES, July 22 /PRNewswire-FirstCall/ -- Preferred Bank
(NASDAQ:PFBC), today announced that due to technical problems with
its conference call service, callers on today's conference call to
discuss the Company's second quarter results were unable to ask
questions. As a result, management has rescheduled the conference
call for tomorrow, Wednesday, July 23, 2008 at 4:30 p.m. Eastern
(1:30 p.m. Pacific). The call will be simultaneously broadcast over
the Internet. Interested participants and investors may access the
conference call by dialing 800-240-7305 (domestic) or 303-262-2075
(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
Credit Officer Robert Kosof and Chief Financial Officer Edward J.
Czajka will be present. 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 also be available at
800-405-2236 (domestic) or 303-590-3000 (international) through
July 30, 2008; the pass code is 11117826. 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. For Further Information: AT THE COMPANY: AT
FINANCIAL RELATIONS BOARD: Edward J. Czajka Lasse Glassen Chief
Financial Officer General Information (213) 891-1188 (213) 486-6546
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,
+1-213-486-6546, , for Preferred Bank Web site:
http://www.preferredbank.com/
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