Company Profile
- RBB Bancorp (NASDAQ: RBB or “the company’) is the BHC for Royal Business Bank (“the bank”), an FDIC designated minority depository institution. Established in 2008, the bank currently operates 24 branches, strategically serving the Asian-American communities primarily in LA and NYC, and to a lesser extent, in Chicago, Las Vegas, and Hawaii.
- RBB’s growth strategy has historically been centered around building market share in Southern California, which has been accomplished through M&A (7 deals since 2011), although acquisitions have also been utilized to expand to targeted geographic regions.
- The company’s business model is primarily designed to respond to the financial needs of first-generation Asian American customers, with a focus on residential mortgages lending (mainly non-QM loans), currently comprising 53% of total loans. Investor CRE (including multi-family) represents the second largest lending segment at 31% of loans.