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President Biden Appoints RBB Bancorp Co-Founder and EVP Simon Pang to the President’s Advisory Commission on Asian Americans, Native Hawaiians, and Pacific Islanders
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
management
Rhea-AI Summary
RBB Bancorp (NASDAQ: RBB) announced the appointment of Co-Founder Simon Pang to the President's Advisory Commission on Asian Americans, Native Hawaiians, and Pacific Islanders. As part of a group of 24 members, Pang will advise on policies addressing anti-Asian violence and other community barriers. RBB, a Los Angeles-based financial holding company with total assets of $3.8 billion as of September 30, 2021, offers various banking services focused on Asian-American communities across multiple states.
Positive
Simon Pang's appointment reflects the company's commitment to community issues and enhances its visibility.
Participation in the advisory commission could lead to potential business opportunities and partnerships.
Negative
Concerns about potential distractions from business operations due to Pang's involvement in advisory duties.
LOS ANGELES--(BUSINESS WIRE)--
RBB Bancorp (NASDAQ: RBB) announced Co-Founder and EVP Simon Pang’s appointment of to the President’s Advisory Commission on Asian Americans, Native Hawaiians, and Pacific Islanders. Mr. Pang is one of 23 other prominent members of the AAPI community charged with advising the President on policies to address anti-Asian xenophobia, violence, and other barriers faced by Asian Americans.
“I am honored to be appointed to the President’s advisory commission,” said Mr. Pang. “I look forward to working with other leaders to advise the President on ways the public, private, and non-profit sectors can work together to advance equity and opportunity for every Asian American, Native Hawaiian, and Pacific Islander community.”
Corporate Overview
RBB Bancorp is a community-based financial holding company headquartered in Los Angeles, California. As of September 30, 2021, the company had total assets of $3.8 billion. Its wholly owned subsidiary, Royal Business Bank, is a full-service commercial bank, which provides business banking services to the Asian-American communities in Los Angeles County, Orange County, and Ventura County in California; Las Vegas in Nevada; Brooklyn, Queens, and Manhattan in New York; Edison in New Jersey, and in the Chicago, Illinois neighborhoods of Chinatown and Bridgeport. Royal Business Bank services include remote deposit, E-banking, mobile banking, commercial and investor real estate loans, business loans and lines of credit, commercial and industrial loans, SBA 7A and 504 loans, 1-4 single family residential loans, automobile lending, trade finance, a full range of depository account products and wealth management services. The Company's administrative and lending center is located at 1055 Wilshire Blvd., Los Angeles, California 90017, and its finance and operations center is located at 7025 Orangethorpe Avenue, Buena Park, California 90621. The Company's website address is www.royalbusinessbankusa.com.
Yee Phong (Alan) Thian President and CEO
(626) 307-7559
David Morris Executive Vice President and CFO
(714) 670-2488
Source: RBB Bancorp
FAQ
What is the significance of Simon Pang's appointment to the President's Advisory Commission on Asian Americans?
Simon Pang's appointment is significant as it elevates RBB Bancorp's role in addressing important community issues and enhances its connections within the Asian American community.
How might Simon Pang's role on the advisory commission affect RBB Bancorp?
Pang's role could bring new business opportunities and partnerships, but there are concerns regarding potential distractions from core business responsibilities.
When was Simon Pang appointed to the President's Advisory Commission?
Simon Pang was appointed to the President's Advisory Commission on Asian Americans, Native Hawaiians, and Pacific Islanders as announced in the recent press release.
What services does RBB Bancorp provide?
RBB Bancorp offers a wide range of services including commercial banking, wealth management, and various loan products targeted mostly at Asian-American communities.
What are RBB Bancorp's total assets as of September 30, 2021?
As of September 30, 2021, RBB Bancorp had total assets amounting to $3.8 billion.
