Preferred Bank (PFBC) Declares $0.75 Quarterly Dividend; Announces Stock Buyback

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Go back to Preferred Bank (PFBC) Declares $0.75 Quarterly Dividend; Announces Stock Buyback

Preferred Bank Announces Approval of Stock Repurchase and Cash Dividend

June 23, 2025 8:30 AM EDT

LOS ANGELES, June 23, 2025 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ: PFBC), one of the largest independent commercial banks in California, today reported that the Board of Directors has received regulatory approval to implement its recently announced $125 million stock repurchase plan which was approved by shareholders in May. Preferred Bank is not a Securities & Exchange Commission (SEC) registrant, therefore the Bank requires regulatory approval prior to repurchasing its own common stock. The Board of Directors has approved the first tranche of repurchases which will consist of $50 million in... More