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.
Positive
None.
Negative
None.
Key Figures
Beneficially owned shares:646,206 sharesPercent of class:5.5 %Shared voting power:88,496 shares+3 more
6 metrics
Beneficially owned shares646,206 sharesPFBC common stock beneficially owned by State Street Corporation
Percent of class5.5 %Percentage of Preferred Bank common stock beneficially owned
Shared voting power88,496 sharesShares of PFBC over which State Street has shared voting power
Shared dispositive power646,206 sharesShares of PFBC over which State Street has shared dispositive power
Sole voting power0PFBC shares over which State Street has sole voting power
Sole dispositive power0PFBC shares over which State Street has sole dispositive power
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
shared voting powerfinancial
"Shared power to vote or to direct the vote: 88,496"
Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.
shared dispositive powerfinancial
"Shared power to dispose or to direct the disposition of: 646,206"
parent holding companyfinancial
"If a parent holding company has filed this schedule, pursuant to (ii)(G)"
investment companyfinancial
"shareholders of an investment company registered under the Investment Company Act of 1940"
How much of Preferred Bank (PFBC) does State Street Corporation own?
State Street Corporation reports beneficial ownership of 646,206 PFBC common shares, representing 5.5% of the outstanding class. This ownership is reported on a Schedule 13G as a passive institutional investor position.
What voting power does State Street have over PFBC (PFBC) shares?
State Street reports no sole voting power and shared voting power over 88,496 PFBC shares. This means voting decisions on those 88,496 shares are shared, typically through its asset management subsidiaries.
What dispositive power does State Street hold over Preferred Bank (PFBC) stock?
State Street reports no sole dispositive power and shared dispositive power over 646,206 PFBC shares. Shared dispositive power indicates its affiliates can decide, jointly or on clients’ behalf, whether and when to sell these shares.
Which State Street affiliates are involved in the PFBC (PFBC) holdings?
The filing identifies several investment adviser subsidiaries, including SSGA Funds Management, Inc. and multiple State Street Global Advisors entities, as the subsidiaries through which the PFBC common stock is held and managed.
Is any other person reported to have rights to more than 5% of PFBC via State Street’s holdings?
No. Under the item on ownership on behalf of another person, the filing states “NOT APPLICABLE”, indicating no other person is identified as having rights to more than 5% of the PFBC common stock through these holdings.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
PREFERRED BANK/LOS ANGELES CA
(Name of Issuer)
COMMON STOCK
(Title of Class of Securities)
740367404
(CUSIP Number)
06/30/2026
(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
STATE STREET CORPORATION
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
MASSACHUSETTS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
88,496.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
646,206.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
646,206.00
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)
5.5 %
12
Type of Reporting Person (See Instructions)
HC
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, CALIFORNIA, 90017
Item 2.
(a)
Name of person filing:
STATE STREET CORPORATION;
(b)
Address or principal business office or, if none, residence:
ONE CONGRESS STREET, SUITE 1, BOSTON MA 02114, UNITED STATES
(c)
Citizenship:
MA
(d)
Title of class of securities:
COMMON STOCK
(e)
CUSIP Number(s):
740367404
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:
646206.00
(b)
Percent of class:
5.5 %
(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:
88,496
(iii) Sole power to dispose or to direct the disposition of:
0
(iv) Shared power to dispose or to direct the disposition of:
646,206
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
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.
NOT APPLICABLE
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
SSGA FUNDS MANAGEMENT, INC. (IA);STATE STREET GLOBAL ADVISORS EUROPE LIMITED (IA);STATE STREET GLOBAL ADVISORS LIMITED (IA);STATE STREET GLOBAL ADVISORS TRUST COMPANY (IA);STATE STREET GLOBAL ADVISORS, LTD. (IA);
Item 8.
Identification and Classification of Members of the Group.
If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(K), so indicate under Item 3(k) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group.
NOT APPLICABLE
Item 9.
Notice of Dissolution of Group.
Notice of dissolution of a group may be furnished as an exhibit stating the date of the dissolution and that all further filings with respect to transactions in the security reported on will be filed, if required, by members of the group, in their individual capacity. See Item 5.
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.
