Preferred Bank to Present at Sandler O'Neill & Partners L.P. West Coast Financial Services Conference

LOS ANGELES, Feb. 27 /PRNewswire-FirstCall/ -- Preferred Bank , announced today that Li Yu, Chairman, President and Chief Executive Officer, will be presenting on Tuesday, March 6, 2007 at 1:00 p.m. PST at the Sandler O'Neill West Coast Financial Services Conference to be held in San Francisco, California.

Attendance at the Conference is by invitation only. However, a simultaneous webcast and audio conference of the presentation may be accessed live via the internet by going to http://www.sandleroneill.com/. Registration will be required so please allow extra time before the presentation. To listen to the conference via audio, please call [phone]. An archive of the webcast will be available beginning on March 7, 2007 and be available for 30 days.

About Preferred Bank

Preferred Bank is one of the largest independent commercial banks in California focusing on 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. The Company conducts its banking business from its main office in Los Angeles, California, and through ten other full-service branch banking offices in Alhambra, Century City, Chino Hills, City of Industry, Torrance, Arcadia, Irvine, Diamond Bar, Santa Monica and Valencia, California. Preferred Bank offers a broad range of deposit and loan products and services to both commercial and consumer customers. The bank provides personalized deposit services 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. Preferred Bank continues to benefit from the significant migration to Southern California of ethnic Chinese from China and other areas of East Asia. While its business is not solely dependent on the Chinese-American market, it represents an important element of the bank's operating strategy, especially for its branch network and deposit products and services. Preferred Bank believes it is well positioned to compete effectively with the smaller Chinese-American community banks, the larger commercial banks and other major banks operating in Southern California by offering a high degree of personal service and responsiveness, experienced multi-lingual staff and substantial lending limits.

For Further Information: AT THE COMPANY: AT FINANCIAL RELATIONS BOARD: Edward J. Czajka Lasse Glassen Chief Financial Officer General Information [phone] [phone]