Vanguard subsidiary realignment; PFBC holding shown as 0 shares (PFBC)

Rhea-AI Filing Summary

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.

Insights

Institutional Ownership Analyst

Amendment clarifies Vanguard’s reporting structure; no current holdings reported.

The filing documents a structural realignment within The Vanguard Group that caused previously aggregated holdings to be reported separately by subsidiaries in reliance on SEC Release No. 34-39538 (January 12, 1998). The Schedule 13G/A shows 0 shares and 0% beneficial ownership for Preferred Bank common stock.

Cash‑flow treatment and any prior holdings by Vanguard entities are not detailed here; subsequent filings by the disaggregated reporting entities may show holdings if applicable.

Key Figures

Amendment number: Amendment No. 5 Shares beneficially owned: 0 shares Percent of class: 0% +2 more

5 metrics

Amendment number Amendment No. 5 Schedule 13G/A filing

Shares beneficially owned 0 shares Amount beneficially owned reported in Item 4(a)

Percent of class 0% Percent of class reported in Item 4(b)

Realignment effective date January 12, 2026 Internal Vanguard realignment cited in the filing

Signature date 03/30/2026 Signed by Ashley Grim, Head of Global Fund Administration

Key Terms

disaggregated basis, beneficial ownership, Schedule 13G/A

3 terms

disaggregated basis regulatory

"report beneficial ownership separately (on a disaggregated basis)"

beneficial ownership financial

"Amount beneficially owned: 0 (b) Percent of class: 0 %"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

Schedule 13G/A regulatory

"Amendment No. 5 to a Schedule 13G/A stating"

A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 5)

Preferred Bank/Los Angeles CA

(Name of Issuer)

Common Stock

(Title of Class of Securities)

740367404

(CUSIP Number)

03/13/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 740367404

1

Names of Reporting Persons

The Vanguard Group

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

PENNSYLVANIA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

0.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0 %

12

Type of Reporting Person (See Instructions)

IA

Comment for Type of Reporting Person: On January 12, 2026, The Vanguard Group, Inc. went through an internal realignment. In accordance with SEC Release No. 34-39538 (January 12, 1998), certain subsidiaries or business divisions of subsidiaries of The Vanguard Group, Inc., that formerly had, or were deemed to have, beneficial ownership with The Vanguard Group, Inc., will report beneficial ownership separately (on a disaggregated basis) from The Vanguard Group, Inc. in reliance on such release. These subsidiaries and/or business divisions pursue the same investment strategies as previously pursued by The Vanguard Group, Inc. prior to the realignment. Further in accordance with SEC Release No. 34-39538 (January 12, 1998), The Vanguard Group, Inc. no longer has, or is deemed to have, beneficial ownership over securities beneficially owned by such subsidiaries and/or business divisions.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Preferred Bank/Los Angeles CA
(b)	Address of issuer's principal executive offices: 601 South Figueroa Street, 29th Floor, Los Angeles, CA, 90017
Item 2.
(a)	Name of person filing: The Vanguard Group
(b)	Address or principal business office or, if none, residence: 100 Vanguard Blvd.,, Malvern, PA, 19355
(c)	Citizenship: PA
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.:
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 0
(b)	Percent of class: 0 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. The Vanguard Group, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein.No one other person's interest in the securities reported herein is more than 5%.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

The Vanguard Group

Signature:	Ashley Grim
Name/Title:	Head of Global Fund Administration
Date:	03/30/2026

FAQ

What does PFBC Schedule 13G/A Amendment No. 5 say about Vanguard's holdings?

It states The Vanguard Group reports 0 shares and 0% beneficial ownership of Preferred Bank common stock. The filing attributes the change to an internal realignment effective January 12, 2026, with separate reporting by subsidiaries.

Why did Vanguard change how it reports ownership for PFBC?

Vanguard completed an internal realignment on January 12, 2026, and per SEC Release No. 34-39538 it now reports certain subsidiaries' holdings on a disaggregated basis, so those subsidiaries report separately rather than Vanguard reporting aggregated holdings.

Does the filing show any Vanguard subsidiary still holds PFBC shares?

This amendment shows 0 shares beneficially owned by The Vanguard Group itself. It does not state whether separate subsidiaries currently hold shares; any subsidiary holdings would be reported in separate filings under the disaggregated approach.

Who signed the Schedule 13G/A Amendment No. 5 for PFBC?

The filing is signed by Ashley Grim, Head of Global Fund Administration, with a signature date of 03/30/2026. The address for Vanguard’s principal office is listed as 100 Vanguard Blvd., Malvern, PA 19355.