Preferred Bank (PFBC) is a highly reputable financial institution based in downtown Los Angeles, California. Founded in 1991, it has grown to be one of the larger independent banks in Southern California and prides itself on strong lending capacity, diverse business mix, and the wide range of professional financial services it offers to clients.
The primary emphasis of Preferred Bank is commercial banking business, including small and mid-sized businesses, entrepreneurial firms, and other commercial entities. This emphasis is reflected in their range of services on offer: from various real estate lending products, international finance, commercial loans, to treasury management and other services that foster trade with Asia.
Preferred Bank has an international portfolio too and is one of the few American banks that facilitate trade finance with Pacific Rim countries. It has an International Banking Group specializing in the U.S./Asia trade finance, supporting businesses that import, export, manufacture, or distribute products. This strategic focus on facilitating international trade lends to its strength and has fuelled the bank’s growth over the years.
Just like its client base, Preferred Bank's operations have also expanded over the years from simply banking to trust services too. Furthermore, there has been significant upgrade of digital services for business customers, reflecting its robust IT infrastructure. It now offers online banking services and mobile banking app, providing customers a seamless virtual banking experience.
Preferred Bank consistently ranks at the top of key profitability measures, compared with peers of mid- to large-sized Californian banks. This is attributed to its sound strategic planning, solid execution, a keen eye for risk management, responsible use of leverage, and the bank’s enduring culture that prioritizes both customers and shareholders. Furthermore, it has a skilled management team with a proven track record. The bank is led by experienced professionals with extensive knowledge across banking and finance industry, dedicated to superior performance and longevity of Preferred Bank.
Prudent financial management, impressive growth across the years, and consistent introduction of customer-centric products/services help PFBC maintain a distinct edge in the market. Regarded for its financial strength and stability, Preferred Bank continues to grow and provide robust financial solutions to all its clients. Its unaspiring quest for excellence makes PFBC a preferred choice for both customers and investors alike.