Royal Business Bank

RBB Bancorp
Public
Traded as NASDAQ: RBB
Russell 2000 Component
Industry Banking
Founded 2008
Headquarters Los Angeles, California
Key people
 Yee Phong Thian, president and chief executive officer
Revenue $87.3 million (2017)[1]
Website www.royalbusinessbankusa.com

Royal Business Bank is a Chinese American bank based in Los Angeles, California. It one of the biggest Chinese American banks in the country. It has branches in both California, Nevada, and soon in New York.

History

The bank was founded November 2008 in Los Angeles, California. It started out with one location but since 2011, it has opened three new locations in San Gabriel, Torrance, and Rowland Heights. As of 2011 it has acquired First Asian Bank, Las Vegas, Ventura County Business Bank, Oxnard, Los Angeles National Bank, Buena Park, and TomatoBank, Alhambra spreading its coverage all over California and Las Vegas.[2] In April 2018, RBB Bancorp announced that it was acquiring First American International Bank for $116.8 million with the deal expected to close in 2019. The acquisition will allow the bank to have branches in New York City.[3]

Overview

The company offers various financial services but primarily offers its products and services to individuals, small and middle-market businesses, municipalities, and other entities in the Chinese-American community. They have also branched out to include new customers that are not part of the Chinese-American community.[4]

References

  1. ↑ "RBB Income Statement - RBB Bancorp Stock - Yahoo Finance". finance.yahoo.com.
  2. ↑ "About Us -". www.royalbusinessbankusa.com.
  3. ↑ Mehta, SA Editor Jignesh (23 April 2018). "RBB Bancorp to acquire First American International".
  4. ↑ "RBB Profile - RBB Bancorp Stock - Yahoo Finance". finance.yahoo.com.
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