Commercial bank offering a range of banking products and services to businesses and individuals primarily in California and New York.
Preferred Bank, headquartered in Los Angeles, California, specializes in providing a comprehensive array of commercial banking products and services tailored to meet the needs of small and mid-sized businesses, real estate developers, professionals, and high net worth individuals across the United States. Established in 1991, Preferred Bank operates with a commitment to fostering financial growth and success for its diverse clientele.
The bank's offerings include a wide range of deposit accounts such as checking, savings, and money market accounts, as well as fixed-rate and fixed maturity certificates of deposit (CDs), including individual retirement accounts (IRAs). Preferred Bank also distinguishes itself through its lending services, which encompass real estate mortgage loans secured by various property types including retail, industrial, office, and residential properties. Additionally, the bank provides commercial loans, SBA loans, real estate construction loans, and trade finance services aimed at facilitating international transactions and business operations.
Preferred Bank extends its reach and services through an extensive branch network that includes eleven full-service branches strategically located across California in cities like Alhambra, Century City, Irvine, and San Francisco, as well as one branch in Flushing, New York. The bank's commitment to innovation is evident in its provision of modern banking conveniences such as remote deposit capture, online banking, and mobile banking services, catering to the evolving needs of its clientele in an increasingly digital age. With a focus on personalized service and comprehensive financial solutions, Preferred Bank continues to uphold its reputation as a trusted partner in business and personal banking.