Preferred Bank Declares Robust Cash Dividend for Shareholders
Preferred Bank's Cash Dividend Announcement
Preferred Bank (NASDAQ: PFBC), a prominent commercial bank in California, has recently made an exciting announcement. The Board of Directors has declared a quarterly cash dividend of $0.75 per share. The dividend will be distributed to shareholders on the 21st of October, with the record date set for the 7th of October. This decision underscores the bank's dedication to providing value to its investors.
Understanding Preferred Bank's Position in the Market
Based in Los Angeles, California, Preferred Bank stands out as one of the largest independent commercial banks in the state. The bank is not only chartered by the State of California but also has its deposits insured by the Federal Deposit Insurance Corporation (FDIC), ensuring that customers' funds are secure. With a strong presence in California, it operates through a network of twelve full-service branches, alongside a Loan Production Office in Sunnyvale.
Diverse Range of Services
Preferred Bank caters to a wide array of customers, including commercial and consumer clients. They provide a variety of deposit and loan products. Services range from personalized deposit solutions to real estate financing, commercial loans, and trade finance. Their commitment to small and mid-sized businesses, entrepreneurs, and high net worth individuals is apparent in their tailored offerings.
Continued Growth and Expansion
The bank's evolution has also been notable; originally founded as a Chinese-American bank, its clientele has diversified over the years. While it serves a broad market, it still maintains strong ties to the ethnic Chinese community, benefiting from steady migration trends. This adaptability has played a crucial role in its sustained growth and relevance in the competitive banking sector.
Leadership at Preferred Bank
The leadership team at Preferred Bank plays a vital role in steering the institution towards success. Edward J. Czajka serves as the Executive Vice President and Chief Financial Officer, bringing extensive experience to the position. For inquiries regarding the bank's financials, you can reach the team at (213) 891-1188 or connect via email. Their commitment to transparency is evident as they provide essential financial information to stakeholders.
Contact Information
Preferred Bank is accessible for customers looking to learn more about their services or seek personalized banking solutions. You can contact Edward J. Czajka for executive inquiries or reach out to General Information at Financial Profiles, where they are happy to assist with any questions or banking needs.
Frequently Asked Questions
What is the current dividend amount declared by Preferred Bank?
Preferred Bank has declared a quarterly cash dividend of $0.75 per share.
When will the dividend be paid?
The dividend will be paid on October 21, 2025, to shareholders on record as of October 7, 2025.
Where is Preferred Bank headquartered?
Preferred Bank is headquartered in Los Angeles, California, and has multiple branches across the state and beyond.
What types of services does Preferred Bank offer?
Preferred Bank offers a range of services including deposit products, real estate finance, commercial loans, and more tailored to personal and business needs.
Who can I contact for more information about Preferred Bank?
You can reach Edward J. Czajka or the General Information team at Financial Profiles at the contact numbers provided.
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