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Re: DTB82 post# 23

Wednesday, 05/05/2010 1:21:45 PM

Wednesday, May 05, 2010 1:21:45 PM

Post# of 41
I heard part of the conference call yesterday. They really got into trouble participating with other banks making construction loans and land loans out of the area. I am sure they discontinued that practice. The President also said the company would have not problem raising the Capital to statisfy the FDIC.

I do not think catering to the Asian American businesses is a problem. I live in Southern California and this is the capital of Chinese imports. Just about everything we buy these days comes from China and it comes through Long Beach and San Pedro (Los Angeles). Preferred bank makes loans and issues Letters of Credit for these business, which is their core business.

I also have some more local information. We have here in Riverside one of the main railroad tracks back East. Before the recession, we had a 110 freight car rumble through our town every half hour. I was always getting stopped by trains. The trains really dropped off in late 2009 and now the trains are starting to pick up again. (Riverside is preparing to dig a tunnel under the railroad tracks on our main drag.)

I just did a Vector Vest analysis on Preferred Bank they stated it was a buy. Another company says a strong buy.

I am really excited about this company. I think their problems are almost behind them and I expect dividends by the first of the year.
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