Preferred Bank Announces 2010 2nd Quarter Earnings

Preferred Bank (Nasdaq: PFBC) announced plans to release its financial results for the second quarter ended June 30, 2010 on Thursday, July 29, 2010 after market close. will host a conference call that afternoon at 5:00 p.m. Eastern (2:00 p.m. Pacific). You may access the conference call by dialing 877-941-9205 (domestic) or 480-629-9835 (international).

Preferred Bank’s Chairman and CEO Li Yu, Chief Financial Officer Edward J. Czajka and Acting Chief Credit Officer Louie Couto will be present at the conference to discuss Preferred Bank’s financial results, business highlights and outlook. A replay of the call will also be available at 800-406-7325 (domestic) or 303-590-3030 (international) through August 5, 2010; the pass code is 4331169.

Preferred Bank

Preferred Bank is one of the largest independent commercial banks in California and specializes by focusing on the Chinese-American market. The Company conducts its banking business from its main office in Los Angeles, California, and through nine full-service branch banking offices in Alhambra, Century City, City of Industry, Torrance, Arcadia, Irvine, Diamond Bar, Anaheim and Pico Rivera, California.

Preferred Bank offers a broad range of deposit and loan products and services to both commercial and consumer customers. The bank provides personalized deposit services as well as finance for real estate, commercial loans and trade finance to entrepreneurs, real estate developers, small and mid-sized businesses, professionals and high net worth individuals.

While its business is not solely dependent on serving the Chinese-American community, this segment of the market represents an important part of the bank’s operating strategy, especially for the bank’s deposit products and services. Preferred Bank competes with smaller Chinese-American community banks, larger commercial banks and other major banks operating in Southern California by offering a high degree of personal service and responsiveness, experienced English-Chinese speaking staff and substantial lending limits.


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