LOS ANGELES, July 22 CA-Preferred-Bank
LOS ANGELES, July 22 /PRNewswire-FirstCall/ -- Preferred Bank
(Nasdaq: PFBC), today announced that due to technical problems with its
conference call service, callers on today's conference call to discuss the
Company's second quarter results were unable to ask questions. As a result,
management has rescheduled the conference call for tomorrow, Wednesday, July
23, 2008 at 4:30 p.m. Eastern (1:30 p.m. Pacific). The call will be
simultaneously broadcast over the Internet.
Interested participants and investors may access the conference call by
dialing 800-240-7305 (domestic) or 303-262-2075 (international). There will
also be a live webcast of the call available at the Investor Relations section
of Preferred Bank's web site at http://www.preferredbank.com. 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, Chief Credit Officer Robert Kosof
and Chief Financial Officer Edward J. Czajka will be present. 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
800-405-2236 (domestic) or 303-590-3000 (international) through July 30, 2008;
the pass code is 11117826.
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 ten full-service branch banking offices in Alhambra,
Century City, Chino Hills, City of Industry, Torrance, Arcadia, Irvine,
Diamond Bar, Santa Monica and Valencia, 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:
AT THE COMPANY:AT FINANCIAL RELATIONS BOARD:
Edward J. Czajka Lasse Glassen
Chief Financial OfficerGeneral Information
(213) 891-1188 (213) 486-6546
lglassen@frbir.com
SOURCE Preferred Bank
