Business Description
Founded in 1991 and based in Los Angeles, Preferred Bank serves small and mid-sized businesses, real estate developers, entrepreneurs, and wealthy individuals with a full range of banking solutions. Customers can access deposit accounts, retirement accounts, and certificates of deposit, alongside a broad selection of lending options including commercial loans, real estate mortgages, construction financing, and SBA loans. The bank also supports businesses engaged in international trade through services such as letters of credit, export financing, and wire transfers, while offering convenient digital banking and cash management tools.
