Business
Preferred Bank Opens Houston Office
LOS ANGELES, May 31, 2023 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ: PFBC), (“the Bank”), one of the larger independent banks headquartered in California, is
About this update from Preferred Bank
[{"type":"text","content":"LOS ANGELES, May 31, 2023 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ: PFBC), (“the Bank”), one of the larger independent banks headquartered in California, is pleased to announce the opening of its newest branch office in the Houston suburb of Sugar Land, Texas. This branch opening is the culmination of the efforts began back in 2021, when the Bank opened a loan production office (LPO). Our presence in Sugar Land and the tremendous success of the LPO has lead the Bank to open a full-service branch office. The new branch, located at 2150 Town Square Place, Suite 150, is set to open its doors on May 31, 2023. With this addition, Preferred Bank brings its renowned banking services, highly personalized customer service, and commitment to excellence to the Houston community. The expansion reflects the Bank's dedication to meeting the evolving financial needs of business, investors and individuals throughout the area. \"We are thrilled to expand our footprint in the Houston metro region from a loan production office into a full service branch,\" said Li Yu, Preferred Bank’s Chairman and CEO. \"This strategic move allows us to better serve our existing loan clients as well as the financial needs of businesses and individuals in the Houston community, while staying true to our commitment of providing exceptional customer service.\" About Preferred Bank Preferred 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 eleven 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. In addition, the Bank operates a Loan Production Office in the Houston, Texas suburb of Sugar Land. 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, pro...