About Preferred Bank
Preferred Bank is a company based in Los Angeles (United States) founded in 1991.. The company has 323 employees as of December 31, 2024. Preferred Bank operates in a competitive market with competitors including Truist, Investec, Equity Bank, Citi and KeyBank, among others.
- Headquarter Los Angeles, United States
- Employees 323 as on 31 Dec, 2024
- Stage Public
-
Sectors
Financial Services
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Preferred Bank
-
Annual Revenue
$499.04 M0as on Dec 31, 2025
-
Net Profit
$133.63 M0as on Dec 31, 2025
-
EBITDA
-
Latest Funding Round
$20.18 M (USD), Post-IPO
Jul 01, 2016
-
Investors
-
Employee Count
323
as on Dec 31, 2024
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
IPO & Listings of Preferred Bank
Preferred Bank is a publicly listed company on the NASDAQ with ticker symbol PFBC in USA, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Unlock access to complete
Funding Insights of Preferred Bank
- Total Funding Total Funding
- Total Rounds 2
- Last Round Post-IPO — $20.2M
-
First Round
First Round
(30 Jun 2010)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2016 | Amount | Post-IPO - Preferred Bank | Valuation |
investors |
|
| Jun, 2010 | Amount | Post-IPO - Preferred Bank | Valuation |
investors |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Preferred Bank
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Preferred Bank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Preferred Bank Comparisons
Competitors of Preferred Bank
Preferred Bank operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Truist, Investec, Equity Bank, Citi and KeyBank, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Wealth advisory and banking services are offered to clients.
|
|
| domain | founded_year | HQ Location |
Global banking, investment, and wealth management services are offered worldwide.
|
|
| domain | founded_year | HQ Location |
Commercial banking services are provided to businesses and individuals.
|
|
| domain | founded_year | HQ Location |
Diversified financial services are offered through commercial banking operations.
|
|
| domain | founded_year | HQ Location |
Regional bank
|
|
| domain | founded_year | HQ Location |
Commercial banking services are provided across the United States.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Preferred Bank
Frequently Asked Questions about Preferred Bank
When was Preferred Bank founded?
Preferred Bank was founded in 1991 and raised its 1st funding round 19 years after it was founded.
Where is Preferred Bank located?
Preferred Bank is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
How many employees does Preferred Bank have?
As of Dec 31, 2024, the latest employee count at Preferred Bank is 323.
What is the annual revenue of Preferred Bank?
Annual revenue of Preferred Bank is $499.04M as on Dec 31, 2025.
What does Preferred Bank do?
Preferred Bank was established in 1991 in Los Angeles, United States, as a commercial bank focused on the financial sector. Operations are centered on deposit accounts, commercial loans, and treasury management services for small to mid-sized businesses. The bank maintains its headquarters in Los Angeles and extends services across California and select U.S. regions, adhering to standard regulatory frameworks for community-oriented banking.
Who are the top competitors of Preferred Bank?
Is Preferred Bank publicly traded?
Yes, Preferred Bank is publicly traded on NASDAQ under the ticker symbol PFBC.
What is Preferred Bank's ticker symbol?
The ticker symbol of Preferred Bank is PFBC on NASDAQ.