Preferred Bank

Los Angeles commercial bank serving businesses, developers and wealthy individuals

What Preferred Bank does

Preferred Bank is a regional bank based in Los Angeles. It takes deposits from customers and lends money, mainly to small and mid-sized businesses, real estate developers, professionals and wealthy individuals. It also helps companies that trade internationally with payments and financing.

How Preferred Bank makes money

It earns most of its money from the gap between the interest it collects on commercial real estate, construction and business loans and the interest it pays on deposits. It also collects fees from trade finance, letters of credit, cash management and other banking services.

Products & services

• Commercial real estate mortgage loans
• Real estate construction loans
• Commercial lines of credit and term loans
• SBA small business loans
• Trade finance and letters of credit
• Checking, savings, money market deposits and CDs