Business: Preferred Bank is one of the largest independent commercial banks in California focusing on the Chinese-American market. They conduct their banking business from their main office in Los Angeles, CA, and through full-service branch banking offices in Alhambra, Century City, City of Industry, Torrance, Arcadia, Irvine, Diamond Bar, Anaheim, and Pico Rivera, California. Preferred Bank offers a broad range of deposit and loan products and services to both commercial and consumer customers. They provide 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 their business is not solely dependent on the Chinese-American market, it represents an important element of their operating strategy, especially for their branch network and deposit products and services.