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Preferred Bank
Preferred Bank is a Los Angeles-based commercial bank serving Chinese-American communities with lending and cross-border trade finance.
Preferred Bank
Preferred Bank was founded in 1991 and is headquartered in Los Angeles. The bank focuses on serving Chinese-American communities and businesses, with additional offices in Beijing, Palo Alto, San Jose, and other US cities. The bank concentrates its lending on commercial loans, real estate and construction loans, trade finance, and SBA lending. It offers a full range of business services including treasury management, remote deposit capture, and merchant solutions. Key asset classes include commercial real estate, residential mortgages, and trade finance. The bank targets small and mid-sized businesses, as well as international clients engaged in US-China commerce. Preferred Bank maintains a network of branches across California, Georgia, and New York. It employs no publicly disclosed professionals count. The bank was ranked by Forbes among America's Best Banks in 2025. No recent operational events beyond standard regulatory filings have been publicly reported. The bank's structural differentiator is its niche focus on cross-border banking between the US and China. Deposit insurance is provided through the FDIC's Expanded FDIC Deposit Insurance Protection program. The bank does not manage external capital or operate as a family office.
General information
Firm type
Bank
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Los Angeles
Corporate office
Los Angeles, CA, United States
Additional offices
Beijing · Palo Alto · San Jose · San Francisco · Atlanta · Menlo Park
Sector focus
Frequently asked questions
Does Preferred Bank operate as a family office?
No. Preferred Bank is a commercial bank serving consumers and businesses. It does not manage external capital or operate as a single- or multi-family office.
What types of loans does Preferred Bank specialize in?
The bank focuses on commercial loans, real estate and construction loans, trade finance, SBA lending, and residential mortgages. It also offers credit cards and international foreign currency wires.
Where does Preferred Bank have offices?
The bank is headquartered in Los Angeles, with additional offices in Beijing, Palo Alto, San Jose, San Francisco, Atlanta, and Menlo Park.
How does Preferred Bank differentiate from other community banks?
Its niche is serving Chinese-American communities and businesses engaged in US-China trade. It offers cross-border lending and trade finance, along with offices in Beijing.
Is Preferred Bank publicly traded?
Yes, Preferred Bank is publicly traded under the ticker PFBC on the NASDAQ. Its investor relations page provides financials and regulatory filings.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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