Preferred Bank Announces Cash Dividend of $0.08 Per Common Share
January 28 2009 - 2:10PM
PR Newswire (US)
LOS ANGELES, Jan. 28 /PRNewswire-FirstCall/ -- Preferred Bank
(NASDAQ: PFBC), today announced that at a meeting held on January
28, 2009, its Board of Directors declared a quarterly cash dividend
of $0.08 per common share payable on February 26, 2009 to
shareholders of record on February 12, 2009. 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 eleven full-service branch banking offices in Alhambra,
Century City, Chino Hills, City of Industry, Torrance, Arcadia,
Irvine, Diamond Bar, Santa Monica, Anaheim and Pico Rivera,
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 J. Czajka Lasse Glassen Executive Vice
President General Information Chief Financial Officer (213)
486-6546 (213) 891-1188 DATASOURCE: Preferred Bank CONTACT: Edward
J. Czajka, Executive Vice President, Chief Financial Officer of
Preferred Bank, +1-213-891-1188; or Lasse Glassen, General
Information, +1-213-486-6546, , for Preferred Bank Web Site:
http://www.preferredbank.com/
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