LOS ANGELES, Sept. 21, 2017 (GLOBE NEWSWIRE) -- 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 $0.20 per share. The dividend is payable on October 20, 2017 to holders of record on October 6, 2017.
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 ten
full-service branch banking offices in California (Alhambra, Century City, City of Industry, Torrance, Arcadia, Irvine,
Diamond Bar, Pico Rivera, Tarzana and San Francisco) 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
Kristen Papke
Executive Vice President General Information
Chief Financial Officer (310) 663-8007
(213) 891-1188
kpapke@finprofiles.com
