RBB Bancorp announces an Equity Buyback for 1,000,000 shares, representing 5% of its issued share capital.
February 29, 2024 at 11:42 am EST
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RBB Bancorp (NasdaqGS:RBB) announces a share repurchase program. Under the program, the company will repurchase up to 1,000,000 shares, representing 5% of its outstanding share capital. The plan will be valid till March 31, 2026.
RBB Bancorp is a bank holding company. The Company's principal business is to serve as the holding company for its wholly owned banking subsidiaries, Royal Business Bank (the Bank) and RBB Asset Management Company (RAM). The Bank provides business-banking products and services predominantly to the Asian-American communities. The products and services include commercial and investor real estate loans, business loans and lines of credit, Small Business Administration (SBA) 7A and 504 loans, mortgage loans, trade finance and a full range of depository accounts, including specialized services, such as remote deposit, E-banking, and mobile banking. It operates 24 branches across two separate regions: the Western region with branches in Los Angeles County, California; Orange County, California; Ventura County, California; Clark County, Nevada; and Honolulu, Hawaii; and the Eastern region with branches in Manhattan, Brooklyn and Queens, New York; Chicago, Illinois and Edison, New Jersey.
RBB BANCORP 
