Preferred Bank : Form 8-K Current Report

Published: 2025-06-23 13:59:04 ET PFBC

Published on 06/23/2025 at 13:59

FORM 8-K

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) June 23, 2025

(Exact name of registrant as specified in its charter)

(State or other jurisdiction

of incorporation or organization)

(FDIC Certificate No.) (I.R.S. Employee Identification No.)

601 S. Figueroa Street, 48th Floor, Los Angeles, California90017

(Address of principal executive offices) (Zip code)

(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))

On June 23, 2025, Preferred Bank announced that it had received regulatory approval to implement the stock repurchase plan that was approved by shareholders in May. The Board of Directors has declared a quarterly cash dividend of $0.75 per share, payable on July 22, 2025, to holders of record on July 8, 2025.

Press release dated June 23, 2025 is hereby attached.

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.

Dated: June 23, 2025 By: /s/ Edward J. Czajka Edward J. Czajka Executive Vice President Chief Financial Officer

Edward J. Czajka Jeffrey Haas Executive Vice President General Information Chief Financial Officer (310) 622-8221

(213) 891-1188 [email protected]

Li Yu, Chairman and CEO of Preferred Bank said, "We are pleased to be in a position to repurchase our own stock utilizing our strong balance sheet supplemented by our superior profitability metrics. We are focused on providing value to our shareholders and will continue to do so."

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 twelve full-service branch banking offices in the California cities of Alhambra, Century City, City of Industry, Torrance, Arcadia, Irvine (2 branches), Diamond Bar, Pico Rivera, Tarzana and San Francisco (2 branches) and two branches in New York (Flushing and Manhattan) and one branch in the Houston suburb of Sugar Land, Texas. Additionally, the Bank operates a Loan Production Office in Sunnyvale, 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. 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.

Disclaimer

Preferred Bank published this content on June 23, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on June 23, 2025 at 17:58 UTC.