LOS ANGELES, May 7, 2012 (GLOBE NEWSWIRE) -- Preferred Bank(Nasdaq:PFBC), announced today that Chairman and CEO Li Yu and Chief Financial Officer Edward J. Czajka will present at the D.A. Davidson14^th Annual Financial Services Conference, to be held May 9 and 10 at the Bell Harbor Conference Center in Seattle, Washington.

The Company is scheduled to present on Wednesday, May 9, 2012 at 8:35 a.m. local time. Management's presentation will be webcast live and archived on the Investor Relations section of Preferred Bank's website at www.preferredbank.com. For more information about the conference please visit http://www.davidsoncompanies.com/events/default.cfm?confid=346909.

About Preferred Bank

Preferred Bank is one of the largest independent commercial banks in California focusing on the Chinese-American market. 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 Company conducts its banking business from its main office in Los Angeles, California, and through nine full-service branch banking offices in Alhambra, Century City, City of Industry, Torrance, Arcadia, Irvine, Diamond Bar, Anaheim and Pico Rivera, 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. Preferred Bank continues to benefit from the significant migration to Southern California of ethnic Chinese from China and other areas of East Asia. While its business is not solely dependent on the Chinese-American market, it represents an important element of the bank's operating strategy, especially for its branch network and deposit products and services. Preferred Bank believes it is well positioned to compete effectively with the smaller Chinese-American community banks, the larger commercial banks and other major banks operating in Southern California by offering a high degree of personal service and responsiveness, experienced multi-lingual staff and substantial lending limits.

The Preferred Bank logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=11817

CONTACT: For Further Information:

         AT THE COMPANY:
         Edward J. Czajka
         Chief Financial Officer
         (213) 891-1188

         INVESTOR RELATIONS:
         Kristen McNally
         (310) 663-8007
         kmcnally@finprofiles.com