Seeking Alpha

Preferred Bank (PFBC)

  • Mon, Jul. 20, 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.
    • Source: Press Release
    | Mon, Jul. 20, 9:36 AM | Comment!
PFBC vs. ETF Alternatives
Company Description
Preferred Bank is a commercial bank in California. It offers personalized banking options to both consumers and businesses.