Preferred Bank to Present at Sandler O'Neill West Coast Financial Services Conference
February 24 2009 - 7:42PM
PR Newswire (US)
LOS ANGELES, Feb. 24 /PRNewswire-FirstCall/ -- Preferred Bank
(NASDAQ: PFBC), announced today that Mr. Li Yu, Chairman, President
& CEO will present a short company overview and participate in
a panel discussion at the Sandler O'Neill West Coast Financial
Services Conference on Tuesday, March 3, 2009, at 10:45.a.m. PST in
San Francisco, California. Attendance at the Sandler O'Neill
Conference is by invitation only. However, a simultaneous live
webcast will be available via the internet which may be accessed at
http://www.sandleroneill.com/. Registration will be required so
please allow extra time before the presentation is scheduled to
begin. The webcast is available to the general public and will be
archived for replay for 60 days following the close of the
conference. If you wish to listen to the audio webcast, please call
1-800-259-0251, the passcode is Session 2. 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 other 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. For Further Information: AT
THE COMPANY: AT FINANCIAL RELATIONS BOARD: Edward J. Czajka Lasse
Glassen Chief Financial Officer General Information (213) 891-6829
(213) 486-6546 DATASOURCE: Preferred Bank CONTACT: Edward J.
Czajka, Chief Financial Officer of Preferred Bank, +1-213-891-6829;
or General Information, Lasse Glassen, +1-213-486-6546, , for
Preferred Bank Web Site: http://www.sandleroneill.com/
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