What is the highest paying job at Preferred Bank?

Based on our latest data, the highest paying role at Preferred Bank is Business Anaylst, earning approximately $136,585 annually.

Where is Preferred Bank located?

Preferred Bank is headquartered in LOS ANGELES, CA, but may have operations in other locations within the Financial Services sector.

What industry is Preferred Bank in?

Preferred Bank operates in the Financial Services industry.

Preferred Bank Average Salary and Pay Ranges

Q: What does Preferred Bank do?

According to the company's overview, Preferred Bank is one of the larger independent commercial banks in California with a niche in the Chinese-American Market.

Preferred Bank Salary

Yearly Salary Hourly Rate Monthly Salary Weekly Salary

Find Out My True Value Get Salary AI Insights

Salary at Preferred Bank

How Much Does Preferred Bank Pay for Different Roles?

Explore detailed salary information for specific jobs at Preferred Bank. Based on our data, the highest paying job is the Business Anaylst, with an annual salary of $136,585. The table below outlines the annual salary ranges for most popular roles within the company.

Digital Services Specialist

$34,932 / year

Salary Range: $31,525 - $38,948

Security Services

Contact Center Agent

$86,351 / year

Salary Range: $75,884 - $100,095

Sales

Fraud and Security Specialist

$91,520 / year

Salary Range: $78,966 - $105,937

Security Services

Digital Support Agent

$69,758 / year

Salary Range: $61,896 - $78,750

Construction

Business Anaylst

$136,585 / year

Salary Range: $115,388 - $156,730

Library

Digital Banking Agent

$69,758 / year

Salary Range: $61,896 - $78,750

Construction

Loan Documentation Manager

$111,496 / year

Salary Range: $100,164 - $125,601

Retail

Universal Banker II

$64,820 / year

Salary Range: $56,525 - $74,966

Resident Services

Bilingual Universal Banker, Mandarin, Cantonese and English

$41,884 / year

Salary Range: $37,017 - $50,497

Sales

Bilingual Relationship Banker, Mandarin or Cantonese and English

$92,266 / year

Salary Range: $79,068 - $105,690

Relationship Management

SBA Commercial Loan Processor

$39,889 / year

Salary Range: $35,891 - $44,332

Consumer Payment

Bilingual Universal Banker II, Vietnamese and English

$46,020 / year

Salary Range: $40,878 - $54,223

Sales

Bilingual Universal Banker, Korean and English Preferred Job

$41,884 / year

Salary Range: $37,017 - $50,497

Sales

Bilingual Universal Banker I, Mandarin, Cantonese and English

$41,884 / year

Salary Range: $37,017 - $50,497

Sales

Turn Insight into Opportunity: Current Job Openings

Ready for your next career move? Explore current job openings at Preferred Bank.

Loading results...

About Preferred Bank: Company Profile

Website

www.preferredbank.com

Founded In

1991

Employees

200 - 500 employees

Industry

Financial Services

Headquarter Location

LOS ANGELES

Revenue

$200 Million - $500 Million

Phone Number

About PREFERRED BANK

Preferred Bank is one of the larger independent commercial banks in California with a niche in the Chinese-American Market. The Bank is chartered by the State of California, and its deposits are insured by the Federal Deposit Insurance Corporation, or FDIC, to the maximum extent permitted by law. We conduct our banking business from our main office in Los Angeles, California, and through eleven fu

Employee Reviews: Insights on Salary, Culture & Work-Life

Gain authentic perspectives from current and former employees. These anonymous reviews offer invaluable insights into Preferred Bank's culture, work-life balance, management, and employee sentiment regarding salary satisfaction, bonus payouts, and benefits.

There’s a clear path for advancement. Compensation adjustments reflect demonstrated contributions. Touches like quality coffee and fresh fruit make a difference.

Commented in March 18, 2025

Training programs are top-notch. Workload is fair and deadlines are usually reasonable. I’ve found purpose in the work and fulfillment in the culture. Management fosters a positive work environment that balances high performance with employee well-being.

Commented in March 10, 2025

A forward-thinking company with excellent leadership and a culture of growth. That transparency helps me feel included in broader company goals. Respectful colleagues create a friendly atmosphere. What makes this financial services firm exceptional is its unwavering commitment to clients and integrity. The company culture is professional but can feel formal and reserved. This standing benefits eve...

Commented in July 04, 2024

I’ve never felt more included or respected. Client service standards are high yet achievable. Small wins are cheered.

Commented in January 05, 2024

How Preferred Bank's Salaries Compare to Similar Companies?

The data below provides a snapshot of what comparable firms are paying, offering crucial context for evaluating Preferred Bank’s pay competitiveness. Click on a company for a deeper dive.

ALLEGIANCE BANK

Avg. Salary: $96,182

FCB FINANCIAL HOLDINGS INC

Avg. Salary: $91,714

MERCHANT CAPITAL

Avg. Salary: $90,592

CONNECTONE BANCORP, INC.

Avg. Salary: $107,737

CONNECTONE BANK

Avg. Salary: $106,803

TRISTATE CAPITAL CORP

Avg. Salary: $93,518

FIRST FOUNDATION

Avg. Salary: $103,994

AMALGAMATED BANK

Avg. Salary: $109,490

LOUISIANA REALTORS

Avg. Salary: $89,032

MUTUAL FUND STORE

Avg. Salary: $89,488

INTERSTATE NATIONALEASE, INC.

Avg. Salary: $87,657

ADMIRALINS

Avg. Salary: $100,044

Is Preferred Bank’s Pay Competitive? Salary Benchmarking Analysis

How does Preferred Bank's compensation stack up against the industry and its key competitors? Our salary benchmarking analysis provides a clear comparison. The chart below visualizes this comparison alongside select peer companies.

Competitor / Benchmark	Avg. Salary	Variance	Primary Market Influence Factor & Explanation
ALLEGIANCE BANK	$96,183	-8.1%	Normalized for lower cost-of-living zones where ALLEGIANCE BANK primarily operates.
FCB FINANCIAL HOLDINGS INC	$91,714	-12.4%	FCB FINANCIAL HOLDINGS INC likely leverages performance bonuses over the high base salary shown here.
MERCHANT CAPITAL	$90,593	-13.4%	MERCHANT CAPITAL focuses strategically on recruiting and training entry-level apprentices.
CONNECTONE BANCORP, INC.	$107,738	+3.0%	Indicates identical technical requirements and experience levels between the two firms.
Financial Services Industry	$121,514	+16.1%	Pay variances are driven by organizational scale, specialized skill requirements, or geographic cost-of-living factors.

Need More Granular Data? The analysis above provides a high-level market overview. To benchmark specific job codes, adjust for real-time cost-of-living changes, or access verified HR-reported datasets, upgrade to Salary.com for Business. Precision matters when building your compensation strategy.

What Is the Cost of Living Near Los Angeles?

Understanding the cost of living near Los Angeles is key to truly evaluating a salary offer or your current compensation at Preferred Bank.

Los Angeles' Cost of Living Index is approximately 173.3 (73.3% more expensive than US average; 23.9% more than CA average). Driven by extremely expensive housing, high transportation costs, and above-average goods/services. When planning your budget based on a salary from Preferred Bank, consider these typical monthly expenses:

Expense Category	Estimated Monthly Cost	Key Considerations / Notes
Housing (1-BR Apt Rent)	$2,500 - $3,800+	A significant portion of Preferred Bank salary. Location choices impact this heavily.
Utilities (Basic)	$150 - $250	Electricity, Heating, Cooling, Water etc.
Public Transportation	$100 (Metro TAP card varies)	Essential for most commuters; car ownership is costly.
Groceries (Single Person)	$450 - $700	Can be higher with more dining out or specialty stores.
Personal & Leisure	$500 - $1,000+	Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual)	$350 - $700+	Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes)	$4,050 - $6,450+	This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

Most Common Questions About Preferred Bank

FAQ 1: What is the typical salary range (low to high) for most roles at Preferred Bank?

The typical annual salary range for most roles at Preferred Bank is approximately from $91,750 to $118,818. It's important to remember that these are overall averages, actual salaries vary significantly based on specific job titles, years of experience, skills, and location.

FAQ 2: How much does Preferred Bank pay compared to ALLEGIANCE BANK?

The average annual salary at Preferred Bank is $104,648, or an hourly wage of $50, in comparison to ALLEGIANCE BANK which pays $96,182 per year or $46 per hour.

FAQ 3: How does experience level affect salary at Preferred Bank?

Experience level is a significant factor in determining salary at Preferred Bank, as it is with most employers. Generally, employees with more years of relevant experience and a proven track record can command higher salaries. For example, a senior-level role will typically have a higher pay band than an entry-level or mid-career position within the same job family.

FAQ 4: How can I determine if a salary offer from Preferred Bank in Los Angeles is fair given the local cost of living?

To determine if a salary offer from Preferred Bank in Los Angeles is fair, first compare the gross salary to our data for similar roles at Preferred Bank and its competitors (see our similar company salaries section) . Then, critically, use our "Cost of Living Insights for Los Angeles" to understand its purchasing power.

FAQ 5: Are the salaries listed for Preferred Bank on Salary.com pre-tax or after-tax?

All salary figures displayed for Preferred Bank, including average base salary and estimated total compensation, are pre-tax amounts. They do not account for federal, state, or local income taxes, nor deductions for benefits like health insurance or 401(k) contributions.