No stored Google rating available.
FDIC-insured bank offering personal and business checking, home loans, real estate financing, and mobile banking. Ranked in Forbes Top 100 and S&P Global Top 50 performing banks.
Data compiled from public sources
Preferred Bank is a full-service financial institution that has been serving its community for over 30 years. S. Government, providing deposit protection for customer funds.
, indicating strong operational performance and customer satisfaction metrics. The bank offers a comprehensive suite of financial products for both personal and business customers. Personal services include multiple standard checking account options, home loans through their Preferred Home Loans division, and mobile banking via their dedicated app.
For business customers, Preferred Bank provides commercial checking accounts, commercial loans, commercial deposits, SBA lending programs, and real estate and construction financing. Additional features include remote deposit capture technology for business users, check ordering services, fraud protection resources, and Zelle money transfer integration. Preferred Bank distinguishes itself through expanded FDIC deposit insurance protection offerings beyond standard coverage limits, positioning itself as security-focused for depositors.
The bank emphasizes convenience through multiple banking channels—traditional branches, mobile app access, and business automation tools like remote deposit capture. Their focus on real estate lending, construction financing, and SBA lending demonstrates specialization in small business and real estate markets. The bank actively promotes security awareness with dedicated resources for identifying banking scammers.
While the website highlights strong credentials and broad service offerings, specific details about interest rates, fees, minimum balances, and loan terms are not disclosed in the available content. Customers would need to contact the bank directly or visit detailed product pages to compare rate claims to verify and complete feature specifications. The bank's strength appears centered on stored reputation signals and regulatory standing rather than being a fintech disruptor.
This is state-level context for Banks consumers in Los Angeles, CA. It does not confirm that Preferred Bank or this specific location is licensed.
State regulator
California Department of Financial Protection and Innovation (DFPI)
Consumer protection
Source: CreditDoc state-law summary and listed public regulator resources. Verify licensing directly with the listed state regulator before relying on a provider.
Preferred Bank offers 12 services including Personal standard checking accounts with multiple account types, Business checking accounts for commercial customers, Home purchase and refinance loans through Preferred Home Loans, Real estate and construction financing for commercial properties, SBA lending and small business loan programs, and 7 more.
Preferred Bank has profile signals associated with Small business owners seeking real estate, construction, or SBA-backed financing, Homebuyers looking for mortgage products from an established, well-ranked lender, Business customers needing commercial checking and remote deposit capabilities, Depositors prioritizing FDIC protection and expanded insurance coverage.
Key strengths: FDIC-insured with expanded deposit insurance protection beyond standard limits; Ranked Top 100 of America's Best Banks 2025 by Forbes; Ranked in S&P Global Top 50 Best Performing Banks in the U.S.. Areas to consider: Interest rates, APYs, and fee structures not disclosed on homepage or main business pages; Minimum balance requirements and account conditions not specified in available content.
In the Banks category, comparable providers include Commercial Bank of California (Formerly Community Bank of the Bay), East West Bank, LendingClub. Each company has different strengths, so compare services, pricing, and consumer complaint records before deciding what to do next.
CreditDoc Profile Note
Preferred Bank is best suited for established small business owners, real estate investors, and homebuyers seeking financing from a well-credentialed traditional bank with strong regulatory standing and expanded deposit protection. The main caveat is that specific pricing, rates, fees, and loan terms are not listed on their website, requiring direct contact to compare competitively against other lenders.
Commercial Bank of California (formerly Community Bank of the Bay) is a regional bank offering checking, savings, and business banking services to California consumers and small businesses.
Google rating from 7 reviews
Profile signals: California-based consumers seeking regional banking relationships with local decision-making, Small business owners preferring community bank service models over national chains
FDIC-insured bank offering personal and commercial banking, home loans, wealth management, and international trade solutions with multilingual support.
Google rating from 21 reviews
Profile signals: Bilingual/multilingual customers seeking banking services in their preferred language, Small business owners and entrepreneurs needing SBA loans and commercial banking services
LendingClub is a digital marketplace bank offering personal loans up to $60,000, auto refinancing, and award-winning checking/savings accounts with no physical branches.
Google rating from 4,720 reviews
Profile signals: Borrowers with good-to-excellent credit seeking competitive personal loan rates, Credit card debt consolidators looking for fixed-rate alternatives
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