Welcome to our dedicated page for RBB Bancorp news (Ticker: RBB), a resource for investors and traders seeking the latest updates and insights on RBB Bancorp stock.
RBB Bancorp (symbol: RBB) is a prominent bank holding company headquartered in California. It primarily serves as the holding company for Royal Business Bank and RBB Asset Management Company. Royal Business Bank, a state-chartered commercial bank, is the cornerstone of RBB Bancorp’s operations, focusing on delivering exceptional commercial banking services.
RBB Bancorp’s core business revolves around providing a wide range of financial products and services. These include traditional commercial real estate loans, secured commercial and industrial loans, and trade finance services, which are crucial for companies engaged in business activities in China, Taiwan, and other Asian countries. Additionally, the bank offers non-qualified single-family residential mortgage loans and Small Business Administration (SBA) loans.
The diverse array of banking services provided by RBB Bancorp includes checking accounts, savings accounts, money market accounts, and certificates of deposits. Moreover, the bank extends modern banking conveniences such as remote deposit capture, e-banking, and mobile banking to its customers.
RBB Bancorp generates its revenue primarily from the interest accrued on loans and leases. A portion of its revenue also comes from interest on investment securities. Additionally, noninterest income sources such as fees from various lending and deposit services, loan servicing, gains on sales of loans, and wealth management services contribute significantly to the company’s financial health.
As of March 31, 2017, RBB Bancorp reported total consolidated assets of $1.5 billion, total consolidated deposits of $1.2 billion, and total consolidated shareholders' equity of $183.5 million. These figures underscore the company’s robust financial condition and steady growth trajectory.
RBB Bancorp continues to expand its influence and customer base through strategic partnerships and projects. The bank is committed to serving the financial needs of businesses and individuals, especially within the Asian-American community, maintaining a strong focus on client satisfaction and community development.
RBB Bancorp has appointed Diana Hanson as Senior Vice President and Chief Accounting Officer, effective June 17, 2024. Hanson brings over 30 years of financial services experience, having held key roles at institutions like Banc of California, First Choice Bancorp, and Pacific Western Bank. As a CPA with a background in financial reporting, accounting operations, and internal controls, Hanson aims to contribute significantly to RBB's growth and shareholder value. RBB Bancorp services the Asian communities across several states, boasting assets of $3.9 billion as of March 31, 2024.
RBB Bancorp (NASDAQ:RBB) announced the appointment of Christina Kao as the new Chair of the Board effective May 15, 2024. She succeeds Dr. James Kao, who will now head the Enterprise Risk Committee. Christina Kao has been a director since 2019 and has chaired multiple committees, contributing to improved governance and strategic objectives. The company, headquartered in Los Angeles, serves various communities across the U.S., primarily Asian communities. As of March 31, 2024, RBB Bancorp had total assets of $3.9 billion.
FAQ
What is the current stock price of RBB Bancorp (RBB)?
What is the market cap of RBB Bancorp (RBB)?
What is RBB Bancorp?
What type of loans does Royal Business Bank offer?
How does RBB Bancorp generate revenue?
What are some of the banking services provided by RBB Bancorp?
What was RBB Bancorp's total consolidated assets as of March 31, 2017?
Who are the primary clients of Royal Business Bank?
What additional services does RBB Bancorp offer?
What is the significance of Royal Business Bank?
What financial products are available at RBB Bancorp?
How does RBB Bancorp support small businesses?
