Corporate Profile
Preferred Bank is one of the larger independent commercial banks in California.
The bank is chartered by the State of California, its deposits are insured by the
Federal Deposit Insurance Corporation (FDIC), to the maximum extent permitted by law.
The Company conducts its banking business from its main office in Downtown Los Angeles,
California and operates eleven (11) full-service branch banking offices in: Alhambra,
Torrance, Century City, Irvine, City of Industry, Arcadia, Diamond Bar, Pico Rivera, San
Francisco (2), Tarzana and one (1) 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 financing, 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.