Preferred Bank is a bank based in Los Angeles, California, established in 1991, with $7.7 billion in total assets across 16 branches. By Trust Grade it ranks 114th of 117 banks we track in California. Its capital ratio of 10.1% trails most similarly sized banks (46th percentile), versus a California median of 11.7%. It was profitable over the most recent period, with a 1.63% return on assets. Consumers filed 250 complaints about PREFERRED CREDIT INC with the CFPB — 32.7 per $1B in assets, a higher rate than 85% of peers.
How Preferred Bank compares to California peers
How we graded Preferred Bank
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (10.1% capital ratio)
- Strongly profitable (ROA 1.63%)
- 32.7 complaints per $1B in assets
Consumer complaints (CFPB)
250 complaints filed with the CFPB against PREFERRED CREDIT INC — 32.7 per $1B in assets.
Branch locations (16)
- 325 E Valley Blvd, Alhambra, CA 91801
- 21615 Hawthorne Blvd, Torrance, CA 90503
- 1801 Century Park E, Century City, CA 90067
- 1469 S Baldwin Ave, Arcadia, CA 91007
- 890 Roosevelt, Irvine, CA 92620
- 1373 S Diamond Bar Blvd, Diamond Bar, CA 91765
- 4160 Main St Ste 103, Flushing, NY 11355
- 17515 Colima Rd, City Of Industry, CA 91748
- 601 S Figueroa St, Los Angeles, CA 90017
- 7004 Rosemead Blvd, Pico Rivera, CA 90660
- 600 California St, San Francisco, CA 94108
- 18321 Ventura Blvd, Tarzana, CA 91356
- 2150 Town Square Pl, Sugar Land, TX 77479
- 15333 Culver Drive, Irvine, CA 92604
- 2 Pennsylvania Plaza, New York, NY 10121
- 1809 Irving St, San Francisco, CA 94122
Are deposits at Preferred Bank insured?
Yes. Preferred Bank is an FDIC-insured bank (FDIC certificate #33539). Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
Preferred Bank: frequently asked questions
Is Preferred Bank a good bank?
Preferred Bank earns a Bankzia Trust Grade of C (71/100, "Average"), based on a financial-strength score of 98/100 and a customer-experience score of 43.5/100. Strongly capitalized (10.1% capital ratio); Strongly profitable (ROA 1.63%).
Is Preferred Bank FDIC-insured?
Yes. Preferred Bank is a FDIC-insured bank (FDIC certificate #33539). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is Preferred Bank?
Preferred Bank holds $7.7 billion in total assets, ranking 114th of 117 banks we track in California. It operates 16 branches.
How many complaints does Preferred Bank have?
Consumers filed 250 complaints about PREFERRED CREDIT INC with the CFPB, or 32.7 per $1B in assets. 100% were answered on time. 0% closed with relief to the consumer.
Similar Banks
Financial data from FDIC call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
