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Preferred Bank (PFBC)

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76.49+0.07 (+0.09%)
As of 10:05AM EDT. Market open.

Preferred Bank

601 South Figueroa Street
48th and 47th Floors
Los Angeles, CA 90017
United States
213 891 1188
https://www.preferredbank.com

Sector(s)Financial Services
IndustryBanks - Regional
Full Time Employees

Key Executives

NameTitlePayExercisedYear Born
Mr. Li YuChairman, CEO & Corporate Secretary2.19MN/A1941
Mr. Wellington ChenPresident & COO1.19MN/A1960
Mr. Edward J. CzajkaExecutive VP & CFO761.02kN/A1964
Mr. Nick PiExecutive VP & Chief Credit Officer677.68kN/A1961
Mr. Johnny HsuExecutive VP & Deputy COO550.88kN/A1975
Mr. Robert J. KosofExecutive Vice President of Commercial Lending388.21kN/A1944
Ms. Sandy HoExecutive VP & Regional Manager169.42kN/AN/A
Ms. Stella ChenSenior Vice President172.26kN/AN/A
Erika ChiExecutive Vice PresidentN/AN/AN/A
Mr. Ted HsuExecutive Vice PresidentN/AN/A1963
Amounts are as of December 31, 2022 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Preferred Bank provides various commercial banking products and services to small and mid-sized businesses and their owners, entrepreneurs, real estate developers and investors, professionals, and high net worth individuals in the United States. The company accepts checking, savings, and money market deposit accounts; fixed-rate and fixed maturity retail, and non-retail certificates of deposit; and individual retirement accounts. It also provides real estate mortgage loans that are secured by retail, industrial, office, special purpose, and residential single and multi-family properties; real estate construction loans; and commercial loans comprising lines of credit for working capital, term loans for capital expenditures, and commercial and stand-by letters of credit; and SBA loans. In addition, the company offers trade finance services, including commercial and export letters of credit, import lines of credit, documentary collections, international wire transfers, acceptances/trust receipt financing products, export financing, and bills purchase programs. Further, it provides various high-wealth banking services to wealthy individuals residing in the Pacific Rim area; and remote deposit capture, bill pay, treasury management, and internet and mobile banking services. Additionally, the company offers various banking services to physicians, accountants, attorneys, business managers, and other professionals; and safe deposit boxes, account reconciliation, courier service, and cash management services to the manufacturing, service, and distribution companies. The company was incorporated in 1991 and is headquartered in Los Angeles, California.

Corporate Governance

Preferred Bank’s ISS Governance QualityScore as of March 1, 2024 is 5. The pillar scores are Audit: 8; Board: 8; Shareholder Rights: 3; Compensation: 3.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.