Preferred Bank Announces Preliminary 2009 Fourth Quarter and Full Year Earnings Release and Conference Call

Jan 20, 2010, 16:00 ET from Preferred Bank

LOS ANGELES, Jan. 20 /PRNewswire-FirstCall/ -- Preferred Bank (Nasdaq: PFBC), today announced plans to release its preliminary financial results for the fourth quarter and full year ended December 31, 2009 at the close of the market on Wednesday, January 27, 2010.  In conjunction with the release, management will host a conference call that day 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 888-561-1799 (domestic) or 480-629-9869 (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 and Chief Financial Officer Edward J. Czajka 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 February 3, 2010; the pass code is 4204732.

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 eleven full-service branch banking offices in Alhambra, Century City, Chino Hills, City of Industry, Torrance, Arcadia, Irvine, Diamond Bar, Santa Monica, 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