Preferred Bank
Joshua Barron, CAMS, currently serves as a City Council Member for the City of South Gate since December 2022. In addition, Barron has been with Preferred Bank since January 2014, where the role of VP MRB Team Lead involves overseeing the bank's Money Laundering Risk-Based program to ensure effectiveness and compliance in preventing and investigating financial crimes. Prior experience includes positions as Senior Loss Prevention Analyst at Manufacturers Bank, BSA Analyst at City National Bank, and Check Fraud Analyst at Bank of America, all focused on enhancing banking security and compliance against financial crimes.
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Preferred Bank
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Preferred Bank is a commercial bank. The Bank provides deposit services, as well as real estate finance, commercial loans and trade finance to small and mid-sized businesses and their owners, entrepreneurs, real estate developers and investors, professionals and high net worth individuals. The Bank offers various services, such as personal banking, business banking and treasury management. The Bank's loan portfolio includes real estate mortgage loans, real estate construction loans, commercial loans and trade finance. Its real estate mortgage portfolio consists of real estate mini-perm loans, as well as purchased residential mortgages. The Bank offers a range of commercial loan products, including lines of credit for working capital, term loans for capital expenditures and commercial and stand-by letters of credit. Through its branch network, the Bank provides a range of financial services to individuals and companies located primarily in Southern California.