Preferred Bank Announces Quarterly Cash Dividend

Rhea-AI Summary

Preferred Bank (NASDAQ: PFBC) has declared a quarterly cash dividend of $0.38 per share, payable on October 21, 2021, to shareholders of record as of October 7, 2021. This follows the Bank's ongoing commitment to return value to its shareholders while continuing to provide a range of banking services. Headquartered in Los Angeles, Preferred Bank operates multiple branches across California and New York, focusing on serving commercial and consumer banking needs.

Positive

• Quarterly cash dividend of $0.38 per share demonstrates commitment to shareholder returns.
• Strong operational presence with multiple branches in California and New York, enhancing market access.

Negative

• None.

LOS ANGELES, Sept. 22, 2021 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ: PFBC), one of the largest independent commercial banks in California, today reported that the Board of Directors has declared a quarterly cash dividend of $0.38 per share. The dividend is payable on October 21, 2021 to holders of record on October 7, 2021.

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 eleven full-service branch banking offices in California (Alhambra, Century City, City of Industry, Torrance, Arcadia, Irvine, Diamond Bar, Pico Rivera, Tarzana and San Francisco (2)) and one branch in Flushing, New York. In addition, the Bank operates a loan production office in the Houston suburb of Sugar Land, Texas. 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: Jeffrey Haas General Information (310) 622-8240 PFBC@finprofiles.com

FAQ

What is the dividend amount for PFBC?

The dividend amount for Preferred Bank (PFBC) is $0.38 per share.

When is the PFBC dividend payment date?

The dividend payment date for PFBC is October 21, 2021.

What is the record date for the PFBC dividend?

The record date for the PFBC dividend is October 7, 2021.

How does PFBC support its shareholders?

Preferred Bank supports its shareholders by declaring regular cash dividends, such as the recent $0.38 per share.