Following a regulatory exam, Preferred Bank in Los Angeles announced Wednesday that it will restate its third-quarter earnings, bringing its loss for the quarter to as much as $5 a share, according to one analyst's estimate.

The $1.41 billion-asset bank had initially reported a loss of $14.3 million, or $1.31 a share, which was more than three times the loss for the third quarter of 2008.

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