PFBC - Preferred Bank

NasdaqGS - NasdaqGS Real Time Price. Currency in USD

Preferred Bank

601 South Figueroa Street
29th Floor
Los Angeles, CA 90017
United States
213-891-1188
http://www.preferredbank.com

Sector : Financial Services
Industry : Banks - Regional - US
Full Time Employees : 263

Key Executives

Name Title Pay Exercised Year Born
Mr. Li Yu Chairman, CEO & Corp. Sec. 2.1M N/A 1941
Mr. Wellington Chen Pres & COO 905.94k 413.93k 1960
Mr. Edward J. Czajka Exec. VP & CFO 504.17k 551.1k 1964
Mr. Nick Pi Exec. VP & Chief Credit Officer N/A N/A 1961
Mr. Robert J. Kosof Head of Commercial & Industrial Loans, Exec. VP and Regional Mang. 382.07k 312.24k 1944
Amounts are as of December 31, 2017 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.

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's deposit products include 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; commercial loans comprising lines of credit for working capital and term loans for capital expenditures; and commercial and export letters of credit, import lines of credit, documentary collections, international wire transfers, export financing products, bills purchase programs, and acceptances/trust receipt financing products, as well as standby letters of credit and foreign exchange services for importers and exporters. In addition, it offers various high-wealth banking services to wealthy individuals residing in the Pacific Rim area with residences, real estate investments, or businesses in Southern California. Further, it provides 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. Additionally, it offers remote deposit capture, and Internet and mobile banking services. As of December 31, 2018, it had 13 full-service branch offices in Alhambra, Arcadia, Century City, City of Industry, Diamond Bar, Los Angeles, Pico Rivera, San Francisco, Tarzana, Torrance, and Irvine, California; and Flushing, New York. The company was founded in 1991 and is headquartered in Los Angeles, California.

Corporate Governance

Preferred Bank’s ISS Governance QualityScore as of March 1, 2019 is 10. The pillar scores are Audit: 2; Board: 7; Shareholder Rights: 7; Compensation: 10.

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.