Preferred Bank Salary

Preferred Bank Salary

How Much Does Preferred Bank Pay for employees?

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As of August 2026, the average annual salary for employees at Preferred Bank in the United States is $104,648. This translates to an approximate hourly wage of $50. Salaries at Preferred Bank typically range from $91,750 to $118,818 annually, reflecting the diverse roles and experience levels within the company. Preferred Bank’s salaries are influenced by a wide range of factors including job role, department, years of experience, and location.
DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

How Much Does Preferred Bank Pay for Different Roles?

The table below outlines the annual salary ranges for popular roles within the company, helping you benchmark potential earnings. Use 'View by Card/Table' option to find the data most relevant to your career path.

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

DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

Turn Insight into Opportunity: Current Job Openings

Ready for your next career move? Explore current job openings at Preferred Bank.
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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
-
Social Media
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
29
0
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
21
3
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
10
0
I’ve never felt more included or respected. Client service standards are high yet achievable. Small wins are cheered.
Commented in January 05, 2024
30
1

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.

Is Preferred Bank’s Pay Competitive? Salary Benchmarking Analysis

How does Preferred Bank’s compensation stack up against the market? This analysis visualizes their average salary compared to its industry benchmark and key peer companies.
Peer Company & Industry Benchmarking
180k
150k
120k
90k
60k
30k
0
Average Salary ($/year)
Preferred Bank
Financial Services
ALLEGIANCE BANK
FCB FINANCIAL HOLDINGS INC
Industry Comparison
Our data shows that, on average, compensation at Preferred Bank is below the average for the U.S. Financial Services industry by approximately 14%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Preferred Bank average annual salary with several similar companies. Preferred Bank average salary of $104,648 is higher than ALLEGIANCE BANK, which has an average salary of $96,182. It is higher than FCB FINANCIAL HOLDINGS INC, with their average salary at $91,714. This places Preferred Bank in a competitive position among its peers.
See Your True Competitors
The companies behind the question marks could be hiring your best people. Don't operate with incomplete data. Unlock your full competitive view with Salary.com for Business to precisely benchmark salaries, benefits, and more against your true competitors.

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.

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