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Preferred Bank (PFBC)

-NasdaqGS
23.08 Down 0.25(1.07%) 4:00PM EDT
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Preferred Bank
601 South Figueroa Street
29th Floor
Los Angeles, CA 90017
United States - Map
Phone: 213-891-1188
Fax: 213-622-0369
Website: http://www.preferredbank.com

Details 
Index Membership:N/A
Sector:Financial
Industry:Regional - Pacific Banks
Full Time Employees:148

Business Summary 

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’s deposit products include checking, savings, negotiable order of withdrawal, and money market accounts; fixed-rate and fixed maturity retail certificates of deposit; and individual retirement accounts and non-retail certificates of deposit. It also provides real estate mini-permanent loans that are secured by retail, industrial, office, residential, and residential multi-family properties; real estate construction loans; commercial loan products comprising lines of credit for working capital and term loans for capital expenditures; and trade finance products, such as commercial and standby letters of credit, acceptance financing, documentary collections, foreign draft collections, international wires, and foreign exchange for importers and exporters. In addition, the company offers various private banking services to wealthy individuals residing in the Pacific Rim area with residences, real estate investments, or businesses in Southern California. Further, it provides various personal banking services to physicians, accountants, attorneys, business managers, and other professionals; and a range of deposit products and related services, such as safe deposit boxes, account reconciliation, courier service, and cash management services to the manufacturing, service, and distribution companies. As of December 31, 2013, the company had 11 full-service branch offices in Alhambra, Arcadia, Century City, City of Industry, Diamond Bar, Los Angeles, Pico Rivera, San Francisco, Torrance, Anaheim, and Irvine of California. Preferred Bank was founded in 1991 and is headquartered in Los Angeles, California.

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Corporate Governance 
Preferred Bank’s ISS Governance QuickScore as of Jul 1, 2014 is 10. The pillar scores are Audit: 1; Board: 8; Shareholder Rights: 6; Compensation: 10.
Brought to you by Institutional Shareholder Services (ISS)

Key Executives 
 PayExercised
Mr. Li Yu , 73
Chairman, Chief Exec. Officer, Company Sec. and Member of Loan Committee
1.58M0.00
Mr. Wellington Chen , 55
Pres and Chief Operating Officer
728.00K0.00
Mr. Edward J. Czajka , 49
Chief Financial Officer, Principal Accounting Officer and Exec. VP
382.00K0.00
Mr. Lucilio M. Couto , 45
Chief Credit Officer and Exec. VP
381.00K0.00
Mr. Gary S. Nunnelly , 65
Director, Chairman of Loan Committee, Member of Audit Committee and Member of Governance & Nominating Committee
67.00KN/A
Amounts are as of Dec 31, 2013 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.