PFBC Profile
Preferred Bank operates as a leading provider of comprehensive commercial banking services tailored to small and mid-sized businesses, entrepreneurs, real estate developers, investors, professionals, and high net worth individuals throughout the United States. Based in Los Angeles, California, the bank offers a wide array of financial products, including checking, savings, and money market deposit accounts, as well as fixed-rate and fixed maturity certificates of deposit and individual retirement accounts.
Established in 1991, Preferred Bank has built a robust portfolio of lending solutions, encompassing real estate mortgage loans secured by various property types such as retail, industrial, office, special purpose, and residential properties. The bank also specializes in real estate construction loans and commercial loans, providing lines of credit for working capital, term loans for capital expenditures, and commercial and stand-by letters of credit, along with Small Business Administration (SBA) loans.
In addition to its lending activities, Preferred Bank offers a range of trade finance services, including commercial and export letters of credit, import lines of credit, documentary collections, international wire transfers, and export financing solutions. The bank caters to high-net-worth individuals in the Pacific Rim area with specialized wealth management services. It also provides remote deposit capture, online and mobile banking services, and high-touch banking services tailored to professionals such as physicians, accountants, attorneys, and business managers.
With a network of twelve full-service branch offices strategically located across California in cities such as Alhambra, Arcadia, Irvine, and San Francisco, as well as one branch in Flushing, New York, Preferred Bank remains committed to delivering personalized banking solutions and exceptional customer service. The bank continues to expand its presence and enhance its offerings to meet the evolving financial needs of its diverse client base.
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