Preferred Bank (NASDAQ:PFBC) (NASDAQ: PFBC) is a California-chartered commercial bank headquartered in Los Angeles. The institution offers a full range of banking products and services to businesses and individuals, with a particular emphasis on commercial real estate lending, business banking, treasury management and deposit accounts. Preferred Bank operates through branch offices across Southern California and national loan production offices in major U.S. markets.
The bank’s core lending portfolio focuses on commercial real estate acquisition, development and investment properties. In addition to term and construction loans, Preferred Bank provides lines of credit, equipment financing, and residential mortgage products. On the deposit side, the company offers checking and savings accounts, money market funds and certificates of deposit, alongside online banking and payment services to support its commercial clients.
Founded in 2005, Preferred Bank has pursued steady growth by catering to the financing needs of real estate investors, small-to-medium enterprises and professional service firms. Over time, the bank has expanded its geographic footprint beyond its Los Angeles base to loan production offices in Chicago and New York, enabling it to underwrite transactions in key U.S. real estate markets.
Leadership at Preferred Bank is anchored by Chairman and Chief Executive Officer Raymond P. Sze, who has guided the company since its inception. The bank emphasizes relationship-driven service, local credit decision-making and personalized support, positioning itself as a regional lender with the resources and expertise to serve a diversified client base.
