Preferred Bank Declares Quarterly Cash Dividend
December 16 2020 - 7:30AM
Preferred Bank (NASDAQ: PFBC), an independent
commercial bank focusing on the diversified California market,
today reported that the Board of Directors has declared a quarterly
cash dividend of $0.30 per share. The dividend is payable on
January 21, 2021 to holders of record on January 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. 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 |
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