Preferred Bank Announces Fire Relief Donations
Preferred Bank (NASDAQ: PFBC) has announced a significant donation for fire relief efforts in Los Angeles. The Board of Directors has approved a $250,000 donation to be distributed among four organizations: Tzu-Chi – USA, Pasadena Community Foundation, Alliance for a Better Community, and Los Angeles Fire Department Foundation.
The Bank will also match any employee contributions made to wildfire relief efforts on top of the initial donation. Chairman and CEO Li Yu emphasized that the recent wildfires in Southern California have significantly impacted their associates, clients, and communities.
Preferred Bank operates primarily in California with twelve full-service branch banking offices, along with branches in Flushing, New York, and Sugar Land, Texas. The bank provides commercial and consumer banking services, including deposit services, real estate finance, and commercial loans.
Preferred Bank (NASDAQ: PFBC) ha annunciato una significativa donazione per gli sforzi di soccorso contro gli incendi a Los Angeles. Il Consiglio di Amministrazione ha approvato una donazione di $250.000 da distribuire tra quattro organizzazioni: Tzu-Chi – USA, Pasadena Community Foundation, Alliance for a Better Community e Los Angeles Fire Department Foundation.
La Banca sarà anche disponibile a eguagliare qualsiasi contributo dei dipendenti fatto per gli sforzi di soccorso contro gli incendi, oltre alla donazione iniziale. Il Presidente e CEO Li Yu ha sottolineato che i recenti incendi in California del Sud hanno avuto un impatto significativo sui loro associati, clienti e comunità.
Preferred Bank opera principalmente in California con dodici uffici bancari a servizi completi, insieme a filiali a Flushing, New York, e Sugar Land, Texas. La banca offre servizi bancari commerciali e al consumo, inclusi servizi di deposito, finanziamenti immobiliari e prestiti commerciali.
Preferred Bank (NASDAQ: PFBC) ha anunciado una donación significativa para los esfuerzos de ayuda por incendios en Los Ángeles. La Junta Directiva ha aprobado una donación de $250,000 a ser distribuidos entre cuatro organizaciones: Tzu-Chi – USA, Pasadena Community Foundation, Alliance for a Better Community y Los Angeles Fire Department Foundation.
El Banco también igualará cualquier contribución de los empleados hecha para los esfuerzos de ayuda por incendios además de la donación inicial. El presidente y CEO Li Yu enfatizó que los recientes incendios en el sur de California han impactado significativamente a sus asociados, clientes y comunidades.
Preferred Bank opera principalmente en California con doce sucursales bancarias de servicio completo, además de sucursales en Flushing, Nueva York, y Sugar Land, Texas. El banco ofrece servicios bancarios comerciales y de consumo, incluyendo servicios de depósito, financiamiento inmobiliario y préstamos comerciales.
선호은행 (NASDAQ: PFBC)은 로스앤젤레스에서의 화재 구호 활동을 위한 대규모 기부를 발표했습니다. 이사회는 25만 달러의 기부를 승인하여 네 개의 기관에 분배할 예정입니다: Tzu-Chi – USA, 패사디나 커뮤니티 재단, 더 나은 지역사회를 위한 연합 및 로스앤젤레스 소방서 재단입니다.
은행은 또한 초기 기부금 외에 직원들이 화재 구호 활동에 기여한 금액의 일부를 매칭할 것입니다. 회장 겸 CEO Li Yu는 최근 남부 캘리포니아의 대형 산불이 그들의 직원, 고객 및 지역 사회에 중대한 영향을 미쳤다고 강조했습니다.
선호은행은 주로 캘리포니아에서 12개의 종합 서비스 지점을 운영하며, 뉴욕 플러싱과 텍사스 슈가 랜드에 지점도 있습니다. 은행은 예금 서비스, 부동산 금융 및 상업 대출을 포함한 상업 및 소비자 은행 서비스를 제공합니다.
Preferred Bank (NASDAQ: PFBC) a annoncé un don significatif pour les efforts de secours en cas d'incendie à Los Angeles. Le Conseil d'Administration a approuvé un don de 250 000 $ à répartir entre quatre organisations : Tzu-Chi – USA, Pasadena Community Foundation, Alliance for a Better Community et Los Angeles Fire Department Foundation.
La Banque égalera également toute contribution des employés pour les efforts de secours aux incendies en plus de la donation initiale. Le Président et CEO Li Yu a souligné que les récents incendies de forêt dans le sud de la Californie ont eu un impact significatif sur leurs associés, clients et communautés.
Preferred Bank opère principalement en Californie avec douze agences bancaires à service complet, ainsi que des agences à Flushing, New York, et Sugar Land, Texas. La banque propose des services bancaires commerciaux et à la consommation, y compris des services de dépôt, du financement immobilier et des prêts commerciaux.
Preferred Bank (NASDAQ: PFBC) hat eine bedeutende Spende für die Brandbekämpfungsmaßnahmen in Los Angeles angekündigt. Der Vorstand hat eine Spende von 250.000 $ genehmigt, die auf vier Organisationen verteilt werden soll: Tzu-Chi – USA, Pasadena Community Foundation, Alliance for a Better Community und Los Angeles Fire Department Foundation.
Die Bank wird auch alle Mitarbeiterbeiträge zu den Brandbekämpfungsmaßnahmen zusätzlich zur ursprünglichen Spende verdoppeln. Der Vorsitzende und CEO Li Yu betonte, dass die jüngsten Waldbrände in Südkalifornien erhebliche Auswirkungen auf ihre Mitarbeiter, Kunden und Gemeinden gehabt haben.
Preferred Bank ist hauptsächlich in Kalifornien tätig und betreibt zwölf vollwertige Filialen sowie Filialen in Flushing, New York und Sugar Land, Texas. Die Bank bietet Dienstleistungen im Bereich Geschäfts- und Privatkundengeschäft an, einschließlich Einzahlungsdienstleistungen, Immobilienfinanzierung und Geschäftskrediten.
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LOS ANGELES, Jan. 30, 2025 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ: PFBC), (the “Bank”) one of the larger independent California banks, today reported that the Board of Directors had approved a significant donation to benefit fire relief efforts on the Los Angeles area.
Li Yu, Chairman and CEO, commented, “The recent wildfires in Southern California have been devastating and one of the worst disasters in the history of Southern California. As a company headquartered in the heart of Los Angeles, the fires have been particularly impactful for many of our associates, clients and communities. To support recovery efforts, the Board and executive management have authorized a donation in the amount of
Those Organizations are:
- Tzu-Chi – USA
- Pasadena Community Foundation
- Alliance for a Better Community
- Los Angeles Fire Department Foundation
“In addition, the Bank is also going to match any contribution any employee has already made, or will make, to the wildfire relief efforts on top of the
About Preferred Bank
Preferred 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 twelve full-service branch banking offices in California (Alhambra, Century City, City of Industry, Torrance, Arcadia, Irvine (2), Diamond Bar, Pico Rivera, Tarzana and San Francisco (2)), one branch in Flushing, New York and a branch office in the Houston, Texas suburb of Sugar Land. In addition, the Bank also operates a loan production office in Sunnyvale, 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. 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: | AT FINANCIAL PROFILES: | |
| Edward J. Czajka | Jeffrey Haas | |
| Executive Vice President | General Information | |
| Chief Financial Officer | (310) 622-8240 | |
| (213) 891-1188 | PFBC@finprofiles.com |
FAQ
How much did Preferred Bank (PFBC) donate for Los Angeles fire relief efforts in 2025?
Which organizations will receive PFBC's fire relief donations?
What additional support is PFBC offering for employee donations to fire relief?
How many branch locations does Preferred Bank (PFBC) currently operate?
