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. The company accepts 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, term loans for capital expenditures, and commercial and stand-by letters of credit; and small business administration loans. In addition, the company offers trade finance services, including commercial and export letters of credit, import lines of credit, documentary collections, international wire transfers, acceptances/trust receipt financing products, export financing, and bills purchase programs. Further, it provides cash management services; and internet, mobile, and tablet banking services. The company operates through full-service branch offices in the California counties of Los Angeles, Orange and San Francisco; Flushing, New York; Houston suburb of Sugar Land, Texas; and a satellite office in Manhattan, New York. The company was incorporated in 1991 and is headquartered in Los Angeles, California.
| 93.13 | |
| 93.52 | |
| - | |
| 93.97 | |
| 92.38 | |
| 64.1947-99.78 | |
| 1 236 M | |
| 9.3824 | |
| 13 189 K | |
| 260 M | |
| 2.46 | |
| 0.0299 | |
| 0.943 |
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Preferred Bank (NASDAQ:PFBC) Q4 2023 Earnings Call Transcript January 25, 2024 Preferred Bank isn't one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the detail...
After 11 interest rate hikes that started with a 0.25% increase in March 2022 and ended with a 0.25% increase in July 2023, the Federal Reserve has left rates unchanged for three consecutive meetings....
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