Company Profile
- RBB Bancorp (NASDAQ: RBB; “the company”) is the bank holding company for Royal Business Bank (“the bank”), an FDIC designated minority depository institution. Established in 2008, the bank currently operates 24 branches strategically servicing Asian American communities primarily in LA and NYC, and to a lesser extent Chicago, Las Vegas, NJ, and Hawaii.
- RBB’s growth strategy historically has been centered around building market share in the Southern California area, which has been accomplished largely through M&A (7 deals completed since 2011), although acquisitions have also been utilized to expand into regions where the company’s target customers reside. Prospective M&A deals would likely be within the current footprint to bolster market share and increase scale of operations.
- The company’s business model is primarily designed to respond to the financial needs of first-generation Asian American customers, with a focus on…