Preferred Bank PFBC
(the "Bank") today announced that Chief Operating Officer Wellington Chen has
been promoted to President and Chief Operating Officer. Prior to this, Mr.
Chen had served as Senior Executive Vice President and Chief Operating Officer
since June of 2011. Prior to joining Preferred Bank, Mr. Chen was Executive
Vice President and Director of Corporate Banking for East-West Bank in
Pasadena, California where he oversaw a significant portion of the loan and
deposit production activities.
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