Preferred Bank is an independent commercial bank headquartered in Los Angeles, California, offering a comprehensive suite of banking products and services. Founded in 1991 with an initial focus on the Chinese-American market, the bank has since broadened its reach to serve a diverse mainstream clientele while maintaining strong ties to the Asian-American business community. The bank's core business model revolves around gathering deposits and deploying them into high-yielding loan portfolios. Its lending activities are heavily concentrated in Commercial Real Estate (CRE) and Commercial & Industrial (C&I) loans, alongside specialized offerings such as trade finance and cross-border transaction services. Preferred Bank operates over a dozen full-service branches strategically located in high-growth markets across California (including Los Angeles, Orange, and San Francisco counties), as well as branches in Flushing, New York, and Sugar Land, Texas. The bank distinguishes itself through a highly personalized, relationship-driven service model tailored to entrepreneurs, real estate investors, and middle-market businesses. This focused approach allows Preferred Bank to maintain a lean cost structure, robust efficiency ratios, and strong asset quality within its target markets.
