UPDATE -- Preferred Bank (PFBC) Chief Executive Officer to Ring the NASDAQ Stock Market Closing Bell


ADVISORY, April 5, 2007 (PRIME NEWSWIRE) --



 What:
 Li Yu, Chief Executive Officer of Preferred Bank (PFBC), will preside
 over the closing bell.

 Where:
 NASDAQ MarketSite - 4 Times Square - 43rd & Broadway - Broadcast Studio

 When:
 Monday, April 9, 2007 at 4 p.m. ET

 Contact:
 NASDAQ MarketSite:
 Jolene Libretto; 646.441.5220; 347.219.9539
 Jolene.Libretto@NASDAQ.com

Feed Information:

The closing bell is available from 3:50 p.m. to 4:05 p.m. on uplink IA-6 C-band/transponder 17. The downlink frequency is 4040 Vertical; Audio 6.2-6.8. The feed can also be found on Waterfront fiber 1623. If you have any questions, please contact Jolene Libretto at (646) 441-5220.

Radio Feed:

An audio transmission of the closing bell is also available from 3:50 p.m. to 4:05 p.m. on uplink IA6 C band / transponder 24, downlink frequency 4180 horizontal. The feed can be found on Waterfront fiber 1623 as well.

Webcast:

A live Webcast of the NASDAQ Closing Bell will be available at: http://www.nasdaq.com/reference/marketsite_about.stm

Photos:

To obtain a hi-resolution photograph of the Market Close, please go to http://www.nasdaq.com/reference/marketsite_events.stm and click on the market close of your choice.

About Preferred Bank (PFBC):

Established in 1991, Preferred Bank is a full service commercial bank. The bank provides commercial, real estate, real estate construction and international lending products and deposit products include regular checking, savings, NOW and money market deposit accounts, fixed-rate and fixed maturity certificates of deposits, and individual retirement accounts. The Bank serves both the Chinese-American market as well as the mainstream market in Southern California. The bank conducts banking business from its headquarters in downtown Los Angeles, and through its 10 full-service branch banking offices located in Alhambra, Century City, City of Industry, Torrance, Arcadia, Irvine, Diamond Bar, Valencia, Santa Monica, and Chino in California. On February 15, 2005, Preferred Bank went public in an IPO and issued approximately 1,478,000 shares at a price of $25.33 per share, raising approximately $37mm in additional capital.

Preferred Bank is one of the most highly regarded banks in California. It has consistently earned the highest ratings from expert financial rating agencies such as Bauer Financial, Sheshunoff, Veribanc, Inc., and The Findley Reports.