Preferred Bank : Form 8-K~Current Report

FEDERAL DEPOSIT INSURANCE CORPORATION

Washington, D.C. 20429

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) September 20, 2023

Preferred Bank

(Exact name of registrant as specified in its charter)

California	33539	95-4340199
(State or other jurisdiction	(FDIC Certificate No.)	(I.R.S. Employee
of incorporation or organization)		Identification No.)
601 S. Figueroa Street, 48th Floor, Los Angeles, California	90017
(Address of principal executive offices)	(Zip code)

[phone]

(Registrant's telephone number including area code)

Not applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions:

 Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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Item 8.01 Other Events

On September 20, 2023 Preferred Bank (NASDAQ: PFBC) reported that Board of Directors has declared a

quarterly cash dividend of $0.55 per share, payable on October 20, 2023 to holders of record on October 6,

2023.

Press release dated September 20, 2023 is hereby attached.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

Preferred Bank

Dated: September 20, 2023	By: /s/ Edward J. Czajka
	Edward J. Czajka
	Executive Vice President
	Chief Financial Officer

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AT THE COMPANY:	AT FINANCIAL PROFILES:
Edward J. Czajka	Jeffrey Haas
Executive Vice President	General Information
Chief Financial Officer	[phone]
[phone]	[e-mail]

FOR IMMEDIATE RELEASE

September 20, 2023

PREFERRED BANK ANNOUNCES QUARTERLY CASH DIVIDEND

LOS ANGELES, CA September 20, 2023 - Preferred Bank (NASDAQ: PFBC), one of the largest

independent commercial banks in California, today reported that the Board of Directors has declared a quarterly

cash dividend of $0.55 per share, payable on October 20, 2023 to holders of record on October 6, 2023.

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)). The Bank also operates a branch in Flushing, New York and injef the Houston suburb of Sugar Land, Texas. 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. Although originally founded as a Chinese-American Bank, Preferred Bank now derives most of its customers from the diversified mainstream market but does continue to benefit from the significant migration to California of ethnic Chinese from China and other areas of East Asia.

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