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Rbb Bancorp ( (RBB) ) has provided an update.
RBB Bancorp announced a senior leadership succession plan with Johnny Lee appointed as President and CEO of Royal Business Bank and President of RBB Bancorp, effective January 1, 2025. David Morris will step down as CEO of the Bank but remain CEO of RBB Bancorp until May 2025, when he will retire. The transition aims to leverage Mr. Lee’s extensive experience to continue the bank’s growth, particularly in serving Asian American communities. Additionally, new employment agreements were made with Mina Rizkalla, who will become the Chief Risk Officer, further supporting the leadership transition.
More about Rbb Bancorp
RBB Bancorp is a community-based financial holding company headquartered in Los Angeles, California. It operates its wholly-owned subsidiary, Royal Business Bank, a full-service commercial bank providing consumer and business banking services predominantly to Asian communities and Asian-centric businesses across several U.S. states, including California, Nevada, New York, New Jersey, Illinois, and Hawaii. The bank offers a variety of services, including remote deposit, E-banking, mobile banking, various loan products, trade finance, depository accounts, and wealth management services.
YTD Price Performance: 16.31%
Average Trading Volume: 45,507
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $379.7M
For a thorough assessment of RBB stock, go to TipRanks’ Stock Analysis page.
