ZD Jasper Realty Secures $103M Construction Loan From Preferred Bank For Hudson Yards Development Sites

Jasper Wu

501, 485-487 & 489-491 9th Avenue

ZD Jasper & Ascent Development Secures $100M Loan For Multifamily Project In Long Island City

Omar Ferreira

Morris Betesh

45-30 Pearson Street

W&L Group Secures $58.5M Construction Loan For Development Site In Chinatown

47 & 49 Henry Street

Preferred Bank Provides $48.2M Loan For Multifamily Building In Long Island City

Tien Vominh

Golden Management Acquires Tesoro Apartment Homes From Li Yu Of Preferred Bank For $41.5M

106 West Pennsylvania Avenue

Preferred Bank is one of the larger independent commercial banks in California with a niche in 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. We conduct our banking business from our main office in Los Angeles, California, and through eleven full-service branch banking offices in Alhambra, Century City, City of Industry, Torrance, Arcadia, Irvine, Diamond Bar, Pico Rivera, two in San Francisco and one in Flushing, NY. We offer a broad range of deposit and loan products and services to both commercial and consumer customers. These consist of customized deposit services and an integrated cash management program 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. Although originally founded as a Chinese-American Bank, Preferred Bank now derives most of its customers from the diversified mainstream market but does continue to benefit from the significant migration to California of ethnic Chinese from China and other areas of East Asia.


Preferred Bank

Preferred Bank | Traded