Preferred Bank - Common Stock (PFBC)
Frequently Asked Questions About Preferred Bank - Common Stock (PFBC)
Are there any fees associated with Preferred Bank accounts?
Preferred Bank accounts may have associated fees, such as monthly maintenance fees or transaction fees, depending on the account type. However, the bank also provides options to waive or reduce certain fees based on account balance or activity.
Can Preferred Bank assist with international banking needs?
Yes, Preferred Bank offers international banking services, including foreign currency exchange, international wire transfers, and assistance with global banking transactions, catering to clients with international business or travel requirements.
Does Preferred Bank offer investment services?
Preferred Bank itself primarily focuses on traditional banking services but may partner with selected third-party financial advisors to provide investment services and financial planning resources for clients interested in wealth management.
Does Preferred Bank provide loans?
Yes, Preferred Bank provides an array of loan products, including commercial real estate loans, business loans, personal loans, and lines of credit. These offerings are designed to assist clients in achieving their financial goals through flexible funding options.
How can I open an account with Preferred Bank?
To open an account with Preferred Bank, customers can visit a local branch or apply online through the bank’s official website. The process typically requires identification and other relevant financial information to set up the account smoothly.
How does Preferred Bank handle customer privacy and security?
Preferred Bank takes customer privacy and security seriously, implementing robust security measures, data protection protocols, and regularly updated technology to safeguard confidential client information from unauthorized access.
How does Preferred Bank support the community?
Preferred Bank actively supports the community through various initiatives, including financial literacy programs, local sponsorships, and partnerships with organizations that cater to the needs of the Asian-American community, demonstrating its commitment to community development.
Is Preferred Bank focused on sustainability?
Preferred Bank acknowledges the importance of sustainability and is focused on introducing environmentally-friendly practices and supporting businesses that promote green initiatives, aligning its operations with the goal of ecological responsibility.
Is Preferred Bank publicly traded?
Yes, Preferred Bank is publicly traded on the NASDAQ stock exchange under the ticker symbol PFBC. This allows investors to buy and sell shares of the company and partake in its growth.
What are the future growth strategies of Preferred Bank?
Preferred Bank is focused on continued expansion through the development of new products, enhancing existing services, and exploring partnerships or acquisitions to strengthen its market presence and better serve its clientele in the evolving banking landscape.
What digital banking services does Preferred Bank offer?
Preferred Bank provides comprehensive digital banking services, including online banking and mobile banking applications that allow customers to manage their accounts, make deposits, process payments, and monitor their finances conveniently from anywhere.
What does Preferred Bank do?
Preferred Bank is a California-based commercial bank that offers a wide range of banking services to consumers and businesses, including deposit accounts, loans, and treasury management services. Focused primarily on serving the Asian-American community and businesses, Preferred Bank aims to provide personalized banking solutions that meet the diverse needs of its clients.
What is Preferred Bank’s approach to customer service?
Preferred Bank places a strong emphasis on customer service, aiming to build long-term relationships with clients through personalized attention, culturally competent staff, and responsiveness to clients' banking needs.
What is the financial performance of Preferred Bank?
Preferred Bank has shown robust financial performance, evidenced by consistent growth in assets, deposits, and loan portfolios over recent years, reflecting its strong market position and effective management strategies within the banking sector.
What is the mission of Preferred Bank?
Preferred Bank's mission is to deliver high-quality and personalized banking services to its customers while promoting financial growth within the communities it serves, particularly focusing on the Asian-American population.
What is the size of Preferred Bank in terms of assets?
Preferred Bank's asset size has grown over the years, placing it among the prominent regional banks in California and allowing it to offer a wider range of products and services to its clients.
What is the target market of Preferred Bank?
Preferred Bank primarily targets the Asian-American community, though it also serves a broad spectrum of clients, including local businesses and professionals in need of banking services and financial guidance.
What technology solutions does Preferred Bank use?
Preferred Bank uses advanced technology solutions to enhance its banking services, ensuring secure online transactions, efficient account management, and the continued improvement of digital banking offerings to meet the evolving needs of its customers.
What types of accounts does Preferred Bank offer?
Preferred Bank offers a variety of accounts, including personal checking and savings accounts, commercial accounts, and certificates of deposit (CDs). The bank provides tailored options to help individuals and businesses manage their finances effectively.
When was Preferred Bank founded?
Preferred Bank was established in 1991, and it has since grown into a prominent financial institution primarily focused on serving the banking needs of the Asian-American community and other clients in the Californian and larger U.S. markets.
Where is Preferred Bank headquartered?
Preferred Bank is headquartered in Los Angeles, California. Its strategic location allows it to tap into the diverse markets in California and expand its reach throughout the country.
What is the current price of Preferred Bank - Common Stock?
The current price of Preferred Bank - Common Stock is 85.29
When was Preferred Bank - Common Stock last traded?
The last trade of Preferred Bank - Common Stock was at 4:00 pm EDT on June 23rd, 2025