RBB Bancorp

About RBB Bancorp

RBB Bancorp operates as the publicly-traded bank holding company for Royal Business Bank, a financial institution established in 2008 and headquartered in Los Angeles, California. The bank was founded by Louis C. Chang and a group of experienced bankers who identified a service gap for first-generation immigrants, particularly within the Chinese-American community, following the 2007 credit crisis. Their collective experience, with some careers starting in Asia, allowed them to tailor products for this underserved market. The business model centers on generating revenue through net interest income, derived from the difference between interest earned on loans and interest paid on deposits, and non-interest income from service fees.

The bank has pursued a robust growth strategy through both organic expansion and a series of strategic acquisitions. Starting with one branch in 2008, its expansion began in 2011 with the acquisition of First Asian Bank in Las Vegas and Ventura County Business Bank. Subsequent acquisitions included Los Angeles National Bank in 2013 and TomatoBank in 2016. A significant milestone was achieved in July 2017 when RBB Bancorp went public on the Nasdaq (ticker: RBB), raising over $86 million to fuel further growth. Post-IPO, the acquisition strategy continued with First American International Bank in New York (2018), Pacific Global Bank in Chicago (2020), and Gateway Bank in the San Francisco Bay Area (2022). This has expanded its footprint to include branches in California, Nevada, New York, New Jersey, Illinois, and Hawaii.

RBB Bancorp provides a comprehensive suite of banking products and services to individuals, professionals, and small- to medium-sized businesses, with a specialized focus on Asian-American communities. Its core offerings are segmented into commercial banking, real estate lending, consumer banking, and international services. Commercial products include business checking and savings accounts, commercial and industrial (C&I) loans, lines of credit, and treasury management services. The bank is also a significant lender in real estate, offering commercial real estate loans, residential mortgages, and construction financing. For individual clients, it provides standard deposit accounts, certificates of deposit, and personal loans. Catering to its niche market, the bank has strong international capabilities, offering trade finance, letters of credit, and foreign exchange services. Digital banking solutions such as remote deposit, e-banking, and mobile banking are also available to customers.