Preferred Bank Declares Quarterly Cash Dividend
Preferred Bank (NASDAQ: PFBC) has declared a quarterly cash dividend of $0.43 per share, scheduled for payment on July 21, 2022. Shareholders on record as of July 7, 2022 will receive this dividend. The bank, headquartered in Los Angeles, is one of California's largest independent commercial banks, offering a range of financial services and products to both commercial and consumer customers. With multiple branches across California and one in New York, the bank continues to serve a diverse customer base.
- Quarterly cash dividend of $0.43 per share boosts shareholder income.
- Strong position as one of the largest independent commercial banks in California.
- None.
LOS ANGELES, June 22, 2022 (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
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: | AT FINANCIAL PROFILES: |
| Edward J. Czajka Executive Vice President Chief Financial Officer (213) 891-1188 | Jeffrey Haas General Information (310) 622-8240 PFBC@finprofiles.com |
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