RBB Bancorp Declares Quarterly Cash Dividend of $0.14 Per Share

Rhea-AI Summary

RBB Bancorp (NASDAQ: RBB) has declared a quarterly cash dividend of $0.14 per share, scheduled for payment on May 6, 2022. Shareholders of record as of May 2, 2022 will receive this dividend. The company, headquartered in Los Angeles, California, reported total assets of $4.2 billion as of December 31, 2021. RBB Bancorp operates through its subsidiaries, Royal Business Bank and RBB Asset Management Company, offering various banking services primarily catering to the Chinese-American communities across multiple states.

Positive

• Declared quarterly cash dividend of $0.14 per share.
• Total assets of $4.2 billion as of December 31, 2021.

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• 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 $0.14 per share. The dividend is payable on May 6, 2022 to common shareholders of record as of May 2, 2022.

Corporate Overview

RBB Bancorp is a community-based financial holding company headquartered in Los Angeles, California. As of December 31, 2021, the company had total assets of $4.2 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, in the Chicago neighborhoods of Chinatown and Bridgeport, Illinois, and in Oahu, Hawaii. 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, two branches in Chicago, Illinois, and one branch in Honolulu, Hawaii. 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/20220421006060/en/

David Morris, Interim President and CEO, (714) 670-2488

Source: RBB Bancorp

FAQ

What is the dividend amount for RBB Bancorp in 2022?

RBB Bancorp has declared a quarterly cash dividend of $0.14 per share.

When will the RBB Bancorp dividend be paid?

The dividend will be payable on May 6, 2022.

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

The record date for the dividend is May 2, 2022.

What are the total assets of RBB Bancorp?

RBB Bancorp reported total assets of $4.2 billion as of December 31, 2021.