Preferred Bank

Preferred Bank provides various commercial banking products and services to small and mid-sized businesses and their owners entrepreneurs real estate developers and investors professionals and high net worth individuals in the United States. The company accepts checking savings and money market deposit accounts; fixed-rate and fixed maturity retail and non-retail certificates of deposit; and individual retirement accounts. It also provides real estate mortgage loans that are secured by retail industrial office special purpose and residential single and multi-family properties; real estate construction loans; and commercial loans comprising lines of credit for working capital term loans for capital expenditures and commercial and stand-by letters of credit; and SBA loans. In addition the company offers trade finance services including commercial and export letters of credit import lines of credit documentary collections international wire transfers acceptances/trust receipt financing products export financing and bills purchase programs. Further it provides various high-wealth banking services to wealthy individuals residing in the Pacific Rim area; and remote deposit capture bill pay treasury management and internet and mobile banking services. Additionally the company offers various banking services to physicians accountants attorneys business managers and other professionals; and safe deposit boxes account reconciliation courier service and cash management services to the manufacturing service and distribution companies. The company was incorporated in 1991 and is headquartered in Los Angeles California.