Preferred Bank Increases Quarterly Cash Dividend
December 26 2017 - 4:05PM
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 $0.22 per share. This represents an increase of
$0.02, or 10% over the previous quarterly dividend. The dividend is
payable on January 22, 2018 to holders of record on January 8,
2018.
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 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 PapkeGeneral
Information(310) 663-8007kpapke@finprofiles.com
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