Preferred Bank, based in Los Angeles, California since 1991, caters to a diverse clientele including small to mid-sized businesses, entrepreneurs, real estate developers, professionals, and high net worth individuals across the United States. It offers a comprehensive suite of banking products such as checking and savings accounts, certificates of deposit, and individual retirement accounts. The bank specializes in real estate and construction loans, commercial financing, and SBA loans. Additionally, it provides trade finance services, high-wealth banking for Pacific Rim residents, and digital banking solutions, alongside professional and cash management services for various industries.
Erie Indemnity leads today's payouts, sending shareholders about $67.6 million, or $1.4625 a share, on October 20. Match Group, Preferred Bank and Werner Enterprises are paying out too, with checks landing between October 19 and 21.
