Preferred Bank (PFBC)

Preferred Bank is a commercial bank based in Los Angeles, California, founded in 1991. It serves small and mid-sized businesses, real estate developers, professionals and high net worth individuals in the United States.

Deposit products include checking, savings and money market accounts, plus fixed-rate and fixed maturity certificates of deposit, including IRA accounts. On the lending side, the bank makes real estate mortgage loans backed by retail, industrial, office and residential property, as well as commercial loans, SBA loans and construction loans. It also offers trade finance for international business.

The bank runs eleven full-service branches in California, in cities such as Alhambra, Century City, Irvine and San Francisco, and one branch in Flushing, New York. Customers can also use remote deposit capture, online banking and mobile banking. The bank emphasizes personal service and a broad set of financial products for both business and personal customers.