Preferred Bank (NASDAQ:PFBC) (NASDAQ: PFBC) is a California-chartered commercial bank founded in 1991 and headquartered in Pasadena, California. The bank provides a full suite of banking services to small and middle-market businesses, professionals and high-net-worth individuals. With an emphasis on relationship banking, Preferred Bank delivers personalized financial solutions through its Commercial Banking and Retail Banking divisions.
In its Commercial Banking segment, Preferred Bank offers financing options for commercial real estate, owner-occupied properties, construction projects and multi-family housing developments. The bank also provides specialized lending such as SBA loans and lines of credit tailored to support operating capital needs. Treasury management services, including cash concentration, automated clearing and international trade finance, complement the lending products to streamline clients’ day-to-day operations.
The Retail Banking unit caters to individual customers and small businesses through deposit accounts, residential mortgage loans and home equity lines of credit. Customers have access to online and mobile banking platforms designed for ease of use and efficiency. Preferred Bank’s branch network and credit centers span key markets in Southern California—such as Los Angeles, Orange County and the Inland Empire—as well as strategic outposts in New York and New Jersey.
Over its three-decade history, Preferred Bank has grown through a combination of disciplined underwriting and targeted expansion into high-growth markets. The bank is led by President and Chief Executive Officer Robert M. Sarver, supported by a senior management team with deep experience in real estate finance, risk management and regulatory compliance. Committed to community banking values, Preferred Bank maintains a strong focus on customer service and prudent growth strategies.
