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Preferred Bank
Preferred Bank ( zh, t=保富銀行) is a California state-chartered bank founded in 1991 to serve the Chinese American community in Southern California. The bank expanded in 2015 through acquisition after facing inadequate leverage ratios and concerns about management from its regulator in 2010. In 2023, Preferred Bank was ranked #10 on Bank Director's Top 25 U.S. Banks list. History The bank was founded in 1991. In its early years the bank focused its services on the Chinese American community in Southern California. Preferred Bank first announced an initial public offering in 1998, but postponed the offering due to poor market conditions. Its eventual IPO in 2005 raised over US$80 million in a sale of over 2 million shares. Preferred Bank is listed on NASDAQ (). An inadequate leverage ratio and concerns about management led to a consent decree in March 2010, later lifted and replaced with a memorandum of understanding, in which California banking regulators required th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banking
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Companies Based In Los Angeles
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chinese-American Culture In Los Angeles
Chinese Americans are Americans of Han Chinese ancestry. Chinese Americans constitute a subgroup of East Asian Americans which also constitute a subgroup of Asian Americans. Many Chinese Americans along with their ancestors trace lineage from mainland China, Hong Kong, Macau, Malaysia, Singapore, Taiwan, as well as other regions which are inhabited by large populations of the Chinese diaspora, especially Southeast Asia and some other countries such as Australia, Canada, France, South Africa, New Zealand, and the United Kingdom. Chinese-Americans include Chinese from the Chinese circle and around the world who became naturalized U.S. citizens and their natural-born descendants in the United States. The Chinese American community is the largest overseas Chinese community outside Asia. It is also the third largest community in the Chinese diaspora, behind the Chinese communities in Thailand and Malaysia. The 2016 Community Survey of the US Census estimates a population of Chin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chinese American Banks
Chinese can refer to: * Something related to China * Chinese people, people of Chinese nationality, citizenship, and/or ethnicity **''Zhonghua minzu'', the supra-ethnic concept of the Chinese nation ** List of ethnic groups in China, people of various ethnicities in contemporary China ** Han Chinese, the largest ethnic group in the world and the majority ethnic group in Mainland China, Hong Kong, Macau, Taiwan, and Singapore ** Ethnic minorities in China, people of non-Han Chinese ethnicities in modern China ** Ethnic groups in Chinese history, people of various ethnicities in historical China ** Nationals of the People's Republic of China ** Nationals of the Republic of China ** Overseas Chinese, Chinese people residing outside the territories of Mainland China, Hong Kong, Macau, and Taiwan * Sinitic languages, the major branch of the Sino-Tibetan language family ** Chinese language, a group of related languages spoken predominantly in China, sharing a written script (Chinese c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Los Angeles Business Journal
The ''Los Angeles Business Journal'', established in 1979, is a weekly newspaper and online news source in Los Angeles, California, which provides coverage of local business news. According to the ''Journals website, it has a weekly print circulation of 24,000 and over 40,000 unique monthly website visitors. It is published each Monday. History The ''Los Angeles Business Journal'' was established in 1979. In 1986, American City Business Journals acquired the ''LABJ'' with the purchase of Scripps Howard Business Journals. In 1988, ACBJ sold the ''Los Angeles'' and ''San Diego Business Journal''s to CBJ Associates. Awards The Alliance of Area Business Publications, a professional association comprising mainly city-based business journals, recognized the ''Los Angeles Business Journal'' with seven awards in 2013 and six awards in 2012. The newspaper has been recognized with Gold Awards for Best Newspaper, Best Overall Design, Best Print Scoop, and Best Features. It has also won Sil ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United International Bank
United International Bank () was an overseas Chinese bank in the United States, formerly headquartered in New York City. The bank established itself as a locally based community bank serving Chinese Americans and Asian Americans in the New York City area. Most of its clients were newly arrived immigrants and local small business owners who faced difficulties in obtaining financial support from other mainstream banks. In addition to serving the needs of small business owners and entrepreneurs, the bank specialized in financing credit arrangements for import and export trades. Unlike most overseas Chinese banks in the United States whose managements consist mainly of Chinese people, the managerial team of United International Bank included a significant number of non-Asians. These included many experienced former executives of mainstream banks invited to help lead the bank to prosperity. The advisory committee and board of directors of the bank included a number of celebriti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
NASDAQ
The Nasdaq Stock Market () (National Association of Securities Dealers Automated Quotations Stock Market) is an American stock exchange based in New York City. It is the most active stock trading venue in the US by volume, and ranked second on the list of stock exchanges by market capitalization of shares traded, behind the New York Stock Exchange. The exchange platform is owned by Nasdaq, Inc., which also owns the Nasdaq Nordic stock market network and several U.S.-based stock and options exchanges. History 1971–2000 "Nasdaq" was initially an acronym for the National Association of Securities Dealers Automated Quotations. It was founded in 1971 by the National Association of Securities Dealers (NASD), now known as the Financial Industry Regulatory Authority (FINRA). On February 8, 1971, the Nasdaq stock market began operations as the world's first electronic stock market. At first, it was merely a "quotation system" and did not provide a way to perform electronic trade ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
American Banker
''American Banker'' is a Manhattan-based trade publication covering the financial services industry. Originally a daily newspaper, the print edition ceased publication in 2016, with an online edition continuing to be updated. The first issue of ''American Banker'' was published in 1885, though it has been considered a continuation of the earlier ''Thompson's Bank Note Reporter'', a bank note reporter which began publication in 1842. Although often confused with the American Bankers Association or other industry trade groups, ''American Banker'' is unaffiliated with any portion of the banking industry. History ''American Banker'' claims descent from ''Thompson's Bank Note Reporter'', a periodical published by John Thompson. For this reason, ''American Banker''s masthead gives a founding date of 1836, though the best available evidence suggests that Johnson's paper began publication in 1842. During the free banking era, ''Thompson's Bank Reporter'' was the most widely read and t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Initial Public Offering
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment banks, who also arrange for the shares to be listed on one or more stock exchanges. Through this process, colloquially known as ''floating'', or ''going public'', a privately held company is transformed into a public company. Initial public offerings can be used to raise new equity capital for companies, to monetize the investments of private shareholders such as company founders or private equity investors, and to enable easy trading of existing holdings or future capital raising by becoming publicly traded. After the IPO, shares are traded freely in the open market at what is known as the free float. Stock exchanges stipulate a minimum free float both in absolute terms (the total value as determined by the share price multiplied by the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Los Angeles Times
The ''Los Angeles Times'' (abbreviated as ''LA Times'') is a daily newspaper that started publishing in Los Angeles in 1881. Based in the LA-adjacent suburb of El Segundo since 2018, it is the sixth-largest newspaper by circulation in the United States. The publication has won more than 40 Pulitzer Prizes. It is owned by Patrick Soon-Shiong and published by the Times Mirror Company. The newspaper’s coverage emphasizes California and especially Southern California stories. In the 19th century, the paper developed a reputation for civic boosterism and opposition to labor unions, the latter of which led to the bombing of its headquarters in 1910. The paper's profile grew substantially in the 1960s under publisher Otis Chandler, who adopted a more national focus. In recent decades the paper's readership has declined, and it has been beset by a series of ownership changes, staff reductions, and other controversies. In January 2018, the paper's staff voted to unionize and final ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chinese American
Chinese Americans are Americans of Han Chinese ancestry. Chinese Americans constitute a subgroup of East Asian Americans which also constitute a subgroup of Asian Americans. Many Chinese Americans along with their ancestors trace lineage from mainland China, Hong Kong, Macau, Malaysia, Singapore, Taiwan, as well as other regions which are inhabited by large populations of the Chinese diaspora, especially Southeast Asia and some other countries such as Australia, Canada, France, South Africa, New Zealand, and the United Kingdom. Chinese-Americans include Chinese from the Chinese circle and around the world who became naturalized U.S. citizens and their natural-born descendants in the United States. The Chinese American community is the largest overseas Chinese community outside Asia. It is also the third largest community in the Chinese diaspora, behind the Chinese communities in Thailand and Malaysia. The 2016 Community Survey of the US Census estimates a population of Chines ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
