RBB Bancorp Declares Quarterly Cash Dividend of $0.13 Per Share

Rhea-AI Summary

RBB Bancorp (NASDAQ: RBB) has declared a quarterly cash dividend of $0.13 per share, payable on November 12, 2021, to shareholders of record as of November 1, 2021. As of June 30, 2021, RBB Bancorp's total assets stood at $3.9 billion. The company operates through its subsidiary, Royal Business Bank, focusing on business banking services for the Chinese-American community across multiple counties in California and select locations in New York, New Jersey, and Nevada.

Positive

• Quarterly cash dividend of $0.13 declared, showing commitment to returning value to shareholders.
• Total assets reported at $3.9 billion, reflecting strong financial stability.

Negative

• None.

LOS ANGELES--(BUSINESS WIRE)-- RBB Bancorp (NASDAQ: RBB) and its subsidiaries, Royal Business Bank ("the Bank") and RBB Asset Management Company ("RAM"), collectively referred to herein as "the Company", announced that its Board of Directors has declared a quarterly cash dividend of $0.13 per share. The dividend is payable on November 12, 2021 to common shareholders of record as of November 1, 2021.

Corporate Overview

RBB Bancorp is a community-based financial holding company headquartered in Los Angeles, California. As of June 30, 2021, the company had total assets of $3.9 billion. Its wholly-owned subsidiary, the Bank is a full service commercial bank, which provides business banking services to the Chinese-American communities in Los Angeles County, Orange County, and Ventura County in California, in Las Vegas, Nevada, in Brooklyn, Queens, and Manhattan in New York, in Edison, New Jersey, and in the Chicago neighborhoods of Chinatown and Bridgeport, Illinois. 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 Bank has nine branches in Los Angeles County, two branches in Ventura County, one branch in Orange County, California, one branch in Las Vegas, Nevada, two branches and one loan operation center in Brooklyn, three branches in Queens, one branch in Manhattan in New York, one branch in Edison, New Jersey and two branches in Chicago, Illinois. 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 Ave., Buena Park, California 90621. The Company's website address is www.royalbusinessbankusa.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211021006026/en/

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 dividend amount declared by RBB Bancorp?

RBB Bancorp declared a quarterly cash dividend of $0.13 per share.

When is the dividend for RBB Bancorp payable?

The dividend will be payable on November 12, 2021.

What is the record date for RBB Bancorp's dividend?

The record date for the dividend is November 1, 2021.

How much are RBB Bancorp's total assets?

As of June 30, 2021, RBB Bancorp's total assets were $3.9 billion.