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Los Angeles-based Preferred Bank's CEO inks trading plan

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Los Angeles-based Preferred Bank's CEO inks trading plan

Chairman and CEOLi Yu entered into a prearranged stock trading plan to sell a limited number ofthe Los Angeles-based bank's common shares for personal financial managementpurposes.

The plan isdesigned to comply with Rule 10b5-1 of the Securities Exchange Act of 1934, asamended, and the bank's insider trading policies regarding stock transactions.It allows for the sale of a maximum of 55,000 common shares over the life ofthe plan.

Sales are expectedto begin as early as May 3, subject to minimum market price limits, and endonce all designated shares are sold. The plan may terminate sooner inaccordance with its terms.