Preferred Bank Announces Quarterly Cash Dividend
Preferred Bank, a leading independent commercial bank in California, announced a quarterly cash dividend of $0.38 per share.
Sentiment and the balance of points
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Rhea-AI Summary
Preferred Bank, a leading independent commercial bank in California, announced a quarterly cash dividend of $0.38 per share. This dividend will be payable on July 21, 2021 to shareholders on record as of July 7, 2021. The Bank operates numerous branches across California and New York, offering a wide range of banking services to commercial and consumer customers. Originally founded as a Chinese-American Bank, it now serves a diverse clientele, benefitting from significant migration patterns to California.
Positive
- Quarterly cash dividend of $0.38 per share announced.
- Dividend payment demonstrates financial stability and commitment to shareholders.
Negative
- None.
Details
News Market Reaction – PFBC
The recorded move for PFBC in the trading session of this news was -3.50%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
LOS ANGELES, June 16, 2021 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ: PFBC), one of the largest independent commercial banks in California, today reported that the Board of Directors has declared a quarterly cash dividend of
About Preferred Bank
Preferred Bank (the “Bank”) is one of the larger independent commercial banks headquartered in California. The Bank is chartered by the State of California, and its deposits are insured by the Federal Deposit Insurance Corporation, or FDIC, to the maximum extent permitted by law. The Bank conducts its banking business from its main office in Los Angeles, California, and through eleven full-service branch banking offices in California (Alhambra, Century City, City of Industry, Torrance, Arcadia, Irvine, Diamond Bar, Pico Rivera, Tarzana and San Francisco (2)) and one branch in Flushing, New York. In addition, the Bank operates a loan production office in the Houston suburb of Sugar Land, Texas. 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 finance, 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.
| AT THE COMPANY: | AT FINANCIAL PROFILES: |
| Edward J. Czajka | Jeffrey Haas |
| Executive Vice President | General Information |
| Chief Financial Officer | (310) 622-8240 |
| (213) 891-1188 | PFBC@finprofiles.com |
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