Preferred Bank PFBC

PFBC Company Overview

Preferred Bank is a California-chartered commercial bank and the holding company of Preferred Bank, headquartered in Los Angeles, California and publicly traded on NASDAQ under the ticker PFBC. The bank primarily serves small and mid-sized businesses, entrepreneurs, commercial real estate operators, and high-net-worth individuals, with a particular focus on the Chinese-American and broader Asian-American business communities in the United States. Its operations are concentrated in commercial banking, with revenue primarily generated through net interest income from lending activities and, to a lesser extent, fees from treasury management and deposit-related services.

The company operates in the commercial banking and financial services industries through business lines that include commercial real estate lending, commercial and industrial lending, construction financing, trade finance, SBA lending, and deposit products. Preferred Bank has historically differentiated itself through relationship-based banking, conservative underwriting standards, and specialization in serving immigrant-owned and internationally connected businesses engaged in U.S.-Asia commerce. Founded in 1991, the bank expanded organically across California and later into other U.S. markets with significant Asian-American commercial activity, evolving from a community-focused institution into a multi-state commercial banking organization.