Question 1

What type of banking products and services does Preferred Bank offer?

Accepted Answer

Preferred Bank offers a wide range of banking products and services, including personal and business checking accounts, savings accounts and CDs, lending solutions such as credit cards, mortgage loans, commercial loans, and real estate/construction loans, as well as international banking services like foreign currency wires. They also provide various electronic banking and treasury management services for their business customers.

Question 2

Is Preferred Bank FDIC-insured?

Accepted Answer

Yes, Preferred Bank is FDIC-insured, meaning deposits are backed by the full faith and credit of the U.S. government. The bank also offers expanded FDIC deposit insurance protection.

Question 3

What types of customers does Preferred Bank serve?

Accepted Answer

Preferred Bank serves both consumers and businesses, including commercial, international, and real estate clients. They offer personalized banking solutions tailored to the needs of these diverse customer groups.

Question 4

Does Preferred Bank have online and mobile banking capabilities?

Accepted Answer

Yes, Preferred Bank provides a full suite of electronic banking services, including online banking, mobile banking, online bill pay, fund transfers, and online statements. Customers can also access their accounts via telephone banking.

Question 5

What is Preferred Bank's history and community involvement?

Accepted Answer

Preferred Bank has been in operation for many years and has a strong history in the communities it serves. The bank's website highlights the chairman's message and information about Preferred Bank's investor relations and community involvement initiatives.

Preferred Bank

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Frequently Asked Questions about Preferred Bank

What type of banking products and services does Preferred Bank offer?

Is Preferred Bank FDIC-insured?

What types of customers does Preferred Bank serve?

Does Preferred Bank have online and mobile banking capabilities?

What is Preferred Bank's history and community involvement?

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