State Street Corporation reported a passive ownership stake in Preferred Bank (PFBC) common stock. State Street and its investment advisory subsidiaries beneficially own 646,206 shares of PFBC, representing 5.5% of the outstanding common stock as of the reporting date.
State Street reports no sole voting or dispositive power over PFBC shares. It has shared voting power over 88,496 shares and shared dispositive power over all 646,206 shares, reflecting holdings managed through affiliated asset management entities including SSGA Funds Management, Inc. and several State Street Global Advisors entities. The filing indicates no other person is known to have rights to more than 5% of this class through these holdings.
Preferred Bank (PFBC) ownership disclosure: The Vanguard Group filed Amendment No. 5 to a Schedule 13G/A stating it reports 0 shares and 0% beneficial ownership of Preferred Bank common stock following an internal realignment effective January 12, 2026. The filing explains certain Vanguard subsidiaries now report separately on a disaggregated basis. The filing is signed by Ashley Grim on 03/30/2026.