Preferred Bank Declares Cash Dividend and Business Highlights
Preferred Bank's Recent Dividend Announcement
Preferred Bank (NASDAQ: PFBC), recognized as one of California's leading independent commercial banks, has made headlines with the declarations from its Board of Directors regarding a cash dividend. The board has approved a quarterly cash dividend of $0.70 per share, which is set to be payable shortly. This payment will benefit shareholders who are on record by a specified date.
Overview of Preferred Bank's Services
Preferred Bank, while mainly servicing its customers in California, ensures a wide array of banking services. Being chartered by the State of California, the bank's deposits enjoy protection under the Federal Deposit Insurance Corporation (FDIC) guidelines, reinforcing its dedication to customer security. From its main office in Los Angeles, Preferred Bank operates several full-service branch locations throughout California, illuminating its strong presence in the region.
Commitment to Community and Diverse Clientele
The bank's services are crafted to meet the needs of both commercial and consumer clients, whether they are small businesses or high net worth individuals. The bank provides specialized services including real estate financing, trade finance, and personalized deposit services. Although initially established to cater to the Chinese-American community, Preferred Bank has significantly broadened its customer base, appealing to a diverse clientele across different demographics.
Expanding Footprint and Future Prospects
With an ambitious outlook, Preferred Bank continues to evolve. It operates additional branches in strategic locations including New York and Texas, and recently bolstered its services with a Loan Production Office in Sunnyvale, California. The growth trend reflects the bank's commitment to serve those in local communities, enhancing financial opportunities for individuals and businesses alike.
Contact Information
For media inquiries or further information, the bank encourages communication with its key personnel. Edward J. Czajka, Executive Vice President and Chief Financial Officer, is reachable at (213) 891-1188. Additionally, inquiries about general information can be directed to Jeffrey Haas at (310) 622-8240 or via email. This open line of communication reflects Preferred Bank’s dedication to transparency and customer service.
Frequently Asked Questions
What is the announced cash dividend for Preferred Bank?
The recently declared cash dividend is $0.70 per share.
When will the dividend be payable?
The dividend is set to be payable on a specified date in the upcoming quarter.
What types of services does Preferred Bank offer?
Preferred Bank provides a comprehensive range of services including loans, deposits, and commercial financial products.
How does Preferred Bank ensure customer security?
The bank's deposits are insured by the FDIC, ensuring protection for its customers.
Who can I contact for more information about Preferred Bank?
Media inquiries can be directed to Edward J. Czajka at (213) 891-1188 or Jeffrey Haas at (310) 622-8240.
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