08:49 AM EDT, 06/23/2025 (MT Newswires) -- Preferred Bank ( PFBC ) said Monday its board received regulatory approval to implement its $125 million stock repurchase plan.

The company's board also made no changes to its quarterly dividend, keeping it at $0.75 per share. The dividend is payable July 22 to holders of record as of July 8.

Preferred Bank ( PFBC ) is not registered with Securities and Exchange Commission, and thus requires regulatory approval to repurchase its own common stock, the lender said.