Preferred Bank Declares Quarterly Cash Dividend

Preferred Bank (NASDAQ: PFBC) has declared a quarterly cash dividend of $0.43 per share, scheduled for payment on October 21, 2022.

Rhea-AI Summary

Preferred Bank (NASDAQ: PFBC) has declared a quarterly cash dividend of $0.43 per share, scheduled for payment on October 21, 2022. Shareholders on record as of October 7, 2022 will receive this dividend. Headquartered in Los Angeles, Preferred Bank focuses on providing a wide range of banking services to both commercial and consumer clients, operating multiple branches across California and one in New York. The Bank is chartered by the State of California and its deposits are FDIC insured.

Positive

• Quarterly cash dividend declared at $0.43 per share.
• Dividend payment scheduled, indicating positive cash flow.

Negative

• None.

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LOS ANGELES, Sept. 21, 2022 (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 $0.43 per share, payable on October 21, 2022 to holders of record on October 7, 2022.

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

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the dividend amount declared by Preferred Bank?

Preferred Bank declared a quarterly cash dividend of $0.43 per share.

When will Preferred Bank's dividend be paid?

The dividend will be paid on October 21, 2022.

What is the record date for Preferred Bank's dividend?

The record date for the dividend is October 7, 2022.

Is Preferred Bank's dividend sustainable?

The sustainability of Preferred Bank's dividend can depend on its future financial performance and cash flow.