Preferred Bank Announces 2010 Third Quarter Earnings Release and Conference Call

Oct 14, 2010, 09:00 ET from Preferred Bank

LOS ANGELES, Oct. 14 /PRNewswire-FirstCall/ -- Preferred Bank (Nasdaq: PFBC), today announced plans to release its financial results for the third quarter ended September 30, 2010 after the close of the market on Thursday, October 28, 2010.  In conjunction with the release, management will host a conference call that afternoon at 5:00 p.m. Eastern (2:00 p.m. Pacific).  The call will be simultaneously broadcast over the Internet.

Interested participants and investors may access the conference call by dialing 877-941-6012 (domestic) or 480-248-5085 (international).  There will also be a live webcast of the call available at the Investor Relations section of Preferred Bank's web site at  Web participants are encouraged to go to the web site at least 15 minutes prior to the start of the call to register, download and install any necessary audio software.

Preferred Bank's Chairman and CEO Li Yu, Chief Financial Officer Edward J. Czajka and Acting Chief Credit Officer Louie Couto will be present to discuss Preferred Bank's financial results, business highlights and outlook.  After the live webcast, a replay will remain available in the Investor Relations section of Preferred Bank's web site.  A replay of the call will also be available at 800-406-7325 (domestic) or 303-590-3030 (international) through November 4, 2010; the pass code is 4376121.

About Preferred Bank

Preferred Bank is one of the largest independent commercial banks in California focusing on the Chinese-American market. 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 Company conducts its banking business from its main office in Los Angeles, California, and through nine full-service branch banking offices in Alhambra, Century City, City of Industry, Torrance, Arcadia, Irvine, Diamond Bar, Anaheim and Pico Rivera, California. 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.  Preferred Bank continues to benefit from the significant migration to Southern California of ethnic Chinese from China and other areas of East Asia.  While its business is not solely dependent on the Chinese-American market, it represents an important element of the bank's operating strategy, especially for its branch network and deposit products and services. Preferred Bank believes it is well positioned to compete effectively with the smaller Chinese-American community banks, the larger commercial banks and other major banks operating in Southern California by offering a high degree of personal service and responsiveness, experienced multi-lingual staff and substantial lending limits.

For Further Information:



Edward J. Czajka

Lasse Glassen

Chief Financial Officer

General Information

(213) 891-1188

(213) 486-6546

SOURCE Preferred Bank