Preferred Bank Announces 2013 Fourth Quarter and Full Year Earnings Release and Conference Call

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| Source: Preferred Bank

LOS ANGELES, Jan. 8, 2014 (GLOBE NEWSWIRE) -- Preferred Bank (Nasdaq:PFBC), today announced plans to release its financial results for the fourth quarter and full year ended December 31, 2013 after the close of the market on Wednesday, January 22, 2014. On the following day, Thursday, January 23, 2014, management will host a conference call at 2:00 p.m. Eastern (11:00 a.m. Pacific). The call will be simultaneously broadcast over the Internet.

Interested participants and investors may access the conference call by dialing 1-800-762-8779 (domestic) or 1-480-629-9645 (international). The passcode for the call is 4660880. There will also be a live webcast of the call available at the Investor Relations section of Preferred Bank's website at www.preferredbank.com.

Preferred Bank's Chairman and CEO Li Yu, President and Chief Operating Officer Wellington Chen, Chief Financial Officer Ed Czajka and Chief Credit Officer Louie Couto will be present to discuss Preferred Bank's financial results, business highlights and outlook. After the live webcast, a replay will remain available at the Investor Relations section of Preferred Bank's website. A replay of the call will also be available at 1-800-406-7325 (domestic) or 1-303-590-3030 (international) through January 30, 2014; the passcode is4660880.

About Preferred Bank

Preferred Bank is one of the largest independent commercial banks in California focusing on the Chinese-American market. 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 Company conducts its banking business from its main office in Los Angeles, California, and through ten full-service branch banking offices in Alhambra, Century City, City of Industry, Torrance, Arcadia, Irvine, Diamond Bar, Anaheim, Pico Rivera and San Francisco, 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. Preferred Bank continues to benefit from the significant migration to California of ethnic Chinese from China and other areas of East Asia. While its business is not solely dependent on the Chinese-American market, it represents an important element of the bank's operating strategy, especially for its branch network and deposit products and services. Preferred Bank believes it is well positioned to compete effectively with the smaller Chinese-American community banks, the larger commercial banks and other major banks operating in California by offering a high degree of personal service and responsiveness, experienced multi-lingual staff and substantial lending limits.

For Further Information:

AT THE COMPANY:
Edward J. Czajka
Chief Financial Officer
(213) 891-1188

INVESTOR RELATIONS:
Kristen McNally
(310) 622-8225