Preferred Bank (PFBC) - NASDAQ
  • Jul. 20, 2015, 9:36 AM
    • Flushing's United International Bank has about $179M in assets, $140M in loans, $151M in deposits, and $20M in shareholder's equity.
    • The purchase price will be book value plus $1.2M, subject to adjustments as outlined in the sales agreement.
    • Preferred (NASDAQ:PFBC) expects the deal to be accretive to 2016 EPS and to have minimal dilution to tangible book value at closing.
    | Jul. 20, 2015, 9:36 AM
Company Description
Preferred Bank engages as an independent commercial bank. It provides deposit services as well as real estate finance, commercial loans and trade finance to small and mid-sized businesses and their owners, entrepreneurs, real estate developers and investors, professionals, and high net worth... More
Sector: Financial
Industry: Regional - Pacific Banks
Country: United States