Preferred Bank Declares Quarterly Dividend Amid Strong Commercial Banking Services

LOS ANGELES, June 20, 2024 - Preferred Bank (PFBC), a leading independent commercial banking institution in California, has announced its latest financial move that will benefit shareholders. The bank's Board of Directors has officially declared a cash dividend for this quarter at a rate of $0.70 per share. This move underlines the bank's commitment to delivering shareholder value and reflects its strong financial performance. Shareholders can expect the said dividends to be disbursed on July 19, 2024, with the record of holders on a specified date prior to the payout. This announcement comes as great news to investors who are closely monitoring their investments in the financial sector, specifically in the robust banking landscape of California.

A Closer Look at Preferred Bank

Preferred Bank's rise as a key player in commercial banking is attributed to its comprehensive suite of services tailored to small and medium-sized businesses, including entrepreneurs, developers, real investors, professionals, and affluent individuals. The bank's financial products range from sophisticated lending solutions to customizable banking services, designed to meet the unique needs of its diverse clientele. Headquartered in the bustling city of Los Angeles, Preferred Bank has built a reputation for maximizing client wealth and becoming a staple in the Californian financial market.

With this declaration of a cash dividend, Preferred Bank follows a tradition of delivering consistent returns to its shareholders. It is a strategy that not only provides immediate benefits in the form of cash payments but also reinforces investor confidence in the bank's management and financial stability.

Impact on Shareholders and Market Presence

As Preferred Bank continues to demonstrate strong performance and reliability, shareholders of PFBC and those considering a stake in its close market player, American Bank (AMBK), should take note of the competitive dividend offering. This strategic move is likely to influence the investment community's perception of Preferred Bank as a stalwart in the commercial banking sector, potentially affecting share price and market position.

dividend, banking, shareholders