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Preferred Bank to Join S&P Smallcap 600 Effective July 6th

/EIN News/ -- LOS ANGELES, July 02, 2018 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ:PFBC), an independent commercial bank focusing on the diversified California market, today announced that it will be added to the S&P SmallCap 600® GICS Regional Banks Sub-Industry index effective at the opening of trading on Friday, July 6, 2018.  The S&P SmallCap 600 measures the small-cap segment of the U.S. equity market, tracking companies that meet specific inclusion criteria to ensure that they are liquid and financially viable.

“We are proud to be added to the S&P SmallCap 600 index in the company of many other fine financial institutions,” said Li Yu, Chairman and CEO of Preferred Bank. “We believe our inclusion in this index will broaden our exposure among investors and enhance our ownership breadth and diversity.”  

About Preferred Bank

Preferred Bank (the “Bank”) is one of the larger independent commercial banks headquartered in California. 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 Bank conducts its banking business from its main office in Los Angeles, California, and through twelve full-service branch banking offices in California (Alhambra, Century City, City of Industry, Torrance, Arcadia, Irvine, Diamond Bar, Pico Rivera, Tarzana and San Francisco (2)) and one branch in Flushing, New York. 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. Although originally founded as a Chinese-American Bank, Preferred Bank now derives most of its customers from the diversified mainstream market but does continue to benefit from the significant migration to California of ethnic Chinese from China and other areas of East Asia.

AT THE COMPANY:
Edward J. Czajka        
Executive Vice President
Chief Financial Officer
(213) 891-1188

AT FINANCIAL PROFILES:
Kristen Papke
General Information
(425) 615-0051
kpapke@finprofiles.com

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