NasdaqGS - Delayed Quote USD

Preferred Bank (PFBC)

76.94 +2.10 (+2.81%)
At close: April 23 at 4:00 PM EDT

Key Executives

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.
NameTitlePayExercisedYear Born
Mr. Li Yu Chairman, CEO & Corporate Secretary 2.19M -- 1941
Mr. Wellington Chen President & COO 1.19M -- 1960
Mr. Edward J. Czajka Executive VP & CFO 761.02k -- 1964
Mr. Nick Pi Executive VP & Chief Credit Officer 677.68k -- 1961
Mr. Johnny Hsu Executive VP & Deputy COO 550.88k -- 1975
Mr. Robert J. Kosof Executive Vice President of Commercial Lending 388.21k -- 1944
Ms. Sandy Ho Executive VP & Regional Manager 169.42k -- --
Ms. Stella Chen Senior Vice President 172.26k -- --
Erika Chi Executive Vice President -- -- --
Mr. Ted Hsu Executive Vice President -- -- 1963

Preferred Bank

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

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 April 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.

Recent Events

  • Apr 19, 2024
    Dividend Date
  • Apr 04, 2024
    Ex-Dividend Date
  • Feb 14, 2024
    SC 13G/A: Tender Offer/Acquisition Reports
    See Full Filing
  • Feb 13, 2024
    SC 13G/A: Tender Offer/Acquisition Reports
    See Full Filing
  • Feb 14, 2023
    SC 13G/A: Tender Offer/Acquisition Reports
    See Full Filing

Upcoming Events

Jul 17, 2024 - Jul 22, 2024
Preferred Bank Earnings Call

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