Preferred Bank is one of the larger independent commercial banks in California. The bank is chartered by the State of California, its deposits are insured by the Federal Deposit Insurance Corporation (FDIC), to the maximum extent permitted by law. The Company conducts its banking business from its main office in Downtown Los Angeles, California and operates twelve (12) full-service branch banking offices in: Alhambra, Torrance, Century City, Irvine, City of Industry, Arcadia, Diamond Bar, Pico Rivera, San Francisco, Tarzana and New York. 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 real estate financing, commercial loans and trade finance to small and mid-sized businesses, entrepreneurs, real estate developers, professionals and high net worth individuals. Although originally founded as a Chinese-American Bank, Preferred Bank now derives most of its customers from the diversified mainstream market but does continue to benefit from the significant migration to California, of ethnic Chinese from China and other areas of East Asia.
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