Preferred Bank's Latest Dividend Announcement
Preferred Bank (NASDAQ: PFBC), known as one of California's top independent commercial banks, has recently made a splash with its Board of Directors' announcement about a cash dividend. The board has approved a quarterly cash dividend of $0.70 per share, which will be paid out soon. This payout will benefit shareholders who are on record by a specific deadline.
Understanding Preferred Bank's Services
While primarily focused on serving customers in California, Preferred Bank offers a broad range of banking services. Chartered by the State of California, the bank ensures that its deposits are safeguarded under the guidelines of the Federal Deposit Insurance Corporation (FDIC), highlighting its commitment to customer security. From its headquarters in Los Angeles, Preferred Bank operates multiple full-service branches throughout California, showcasing its strong regional presence.
Devotion to Community and Diverse Customers
The bank's offerings are tailored to the needs of both commercial and personal clients, ranging from small businesses to high net worth individuals. It provides specialized services such as real estate financing, trade finance, and customized deposit services. Although it started with a focus on the Chinese-American community, Preferred Bank has significantly expanded its reach, attracting a diverse clientele from various backgrounds.
Growing Presence and Future Visions
With a forward-thinking approach, Preferred Bank is continuously adapting and expanding. It has opened additional branches in key areas such as New York and Texas, and recently established a Loan Production Office in Sunnyvale, California. This growth trajectory reflects the bank's commitment to serving local communities and enhancing financial opportunities for both individuals and businesses.
Contact Information
The bank invites inquiries from the media and others seeking information. Edward J. Czajka, the Executive Vice President and Chief Financial Officer, can be reached at (213) 891-1188. For general inquiries, Jeffrey Haas is available at (310) 622-8240 or via email. This openness underscores Preferred Bank’s focus on 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 scheduled to be paid on a specified date in the next quarter.
What types of services does Preferred Bank offer?
Preferred Bank offers 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, providing protection for its customers.
Who can I contact for more information about Preferred Bank?
For media inquiries, you can contact Edward J. Czajka at (213) 891-1188 or reach out to Jeffrey Haas at (310) 622-8240.
