Preferred Bank Announces June 20 to be the Effective Date of Reverse Stock Split

Preferred Bank PFBC today announced that it had filed an amendment to its Amended and Restated Articles of Incorporation with the Secretary of State of the State of California to effect the previously announced one-for-five reverse stock split. The reverse stock split will take effect at the opening of the NASDAQ Global Select Market on June 20, 2011 and will be effective with respect to the shareholders of record at the close of business on June 17, 2011. At the Effective Time, every five shares of Preferred Bank's pre-split common shares will automatically be consolidated into one post-split share.