Welcome to our dedicated page for Rbaz Bancorp news (Ticker: RBAZ), a resource for investors and traders seeking the latest updates and insights on Rbaz Bancorp stock.
RBAZ Bancorp Inc. (RBAZ), parent company of Republic Bank of Arizona, maintains this centralized news hub for stakeholders tracking its community banking operations. Access verified updates on financial performance, strategic initiatives, and regulatory developments within Arizona's banking sector.
This resource aggregates essential information including quarterly earnings disclosures, leadership announcements, and partnership agreements like the institution's collaboration with Pima Federal Credit Union. Investors will find analysis of net interest margin trends and deposit growth strategies, while local businesses can monitor commercial lending program updates.
All content undergoes strict verification to ensure compliance with financial reporting standards. Users receive unfiltered access to original press releases alongside third-party analysis of credit management practices and asset quality metrics. Regular updates reflect the company's focus on sustainable growth through disciplined loan portfolio management.
Bookmark this page for real-time notifications about regulatory filings, market position updates, and community impact initiatives. Combine our news feed with SEC filings and earnings call transcripts for complete insight into RBAZ's Phoenix-area operations.
RBAZ Bancorp has announced the completion of its asset sale to Pima Federal Credit Union effective May 2, 2025. The company has delisted from the OTC Pink Market and initiated a dissolution plan. As part of this process, RBAZ's Board has authorized a cash distribution of $22.00 per share to shareholders, expected to be processed within 30-45 days.
The distribution process varies based on how shares are held: street name holders and book-entry shareholders will receive automatic payments, while certificated shareholders must surrender their certificates and complete transmittal documents. While a second distribution is possible upon completion of the dissolution, its occurrence and amount remain uncertain, subject to remaining funds after settling all debts, taxes, and obligations.
RBAZ Bancorp reported strong financial results for Q1 2025, with consolidated net income reaching $1,064,000 ($0.59 per share), marking a 49% increase from $713,000 ($0.40 per share) in Q1 2024. The bank maintained a robust net interest margin of 4.61%, showing a 15% improvement while expenses decreased by 1%.
Key metrics include total loans of $223,962,000 (up 0.6% from Q4 2024), total deposits of $240,864,000 (down 3.7%), and total interest income of $4,485,000 (up 6.6% year-over-year). The cost of deposits remained stable at 2.13%.
Notably, RBAZ announced its upcoming merger with Pima Federal Credit Union, scheduled for May 2, 2025, after which RBAZ's common stock will cease trading on the OTC Pink Market. The bank maintains its 'Well Capitalized' status with a CBLR ratio of 11.62%.
RBAZ Bancorp (OTCPK: RBAZ) has received all necessary regulatory approvals to complete the sale of substantially all assets and liabilities of Republic Bank of Arizona to Pima Federal Credit Union. The Asset Sale, originally announced on May 16, 2024, is expected to close on May 2, 2025.
Following the closure, RBAZ will initiate the voluntary dissolution of Republic Bank and RBAZ, distributing net assets and cash proceeds to shareholders through multiple distributions. The first distribution is planned shortly after the Asset Sale closing, with the final distribution occurring during RBAZ's dissolution.
After the Asset Sale closes, RBAZ will delist from the OTC Pink Market and close its stock transfer records. Shareholders will need to surrender their stock certificates and submit transmittal documents to receive distributions through Computershare Trust Company.
RBAZ Bancorp reported record earnings for Q4 and full-year 2024. The company achieved a consolidated net income of $793,000 ($0.44 per share) for Q4 2024 and $3,379,000 ($1.90 per share) for the full year, representing a 37% year-over-year increase. The Q4 results showed a 15% increase compared to Q4 2023.
Key financial highlights include: total loans increased by 10.4% to $222,731,000; total deposits grew by 9.7% to $250,201,000, with 74.1% in non-interest-bearing funds; and total interest income rose by 21% to $4,615,000 in Q4 2024. The cost of deposits decreased to 2.13% in Q4, down from a peak of 2.36% in Q1 2024.
The company is proceeding with its planned merger with Pima Federal Credit Union, with shareholders' approval obtained in August 2024 and regulatory applications accepted in January 2025. The merger is expected to close in Q2 2025.
RBAZ Bancorp reported strong Q3 2024 financial results with consolidated net income of $981,000 ($0.55 per share), up from $748,000 ($0.41 per share) in Q3 2023. The company achieved a 22% increase in net interest margin and a 26% rise in non-interest income year-over-year. Total loans reached $216,451,000, a 7.2% increase from December 2023, while total deposits grew 13.9% to $259,902,000. Interest income rose 17.5% to $4,653,000. The company maintains a strong capital position with a 10.67% Community Bank Leverage Ratio. Shareholders approved a merger with Pima Federal Credit Union, pending regulatory approval.
RBAZ Bancorp, Inc. (OTCIQ: RBAZ) reported strong Q2 2024 financial results, with consolidated net income of $893,000 ($0.50 per share) for the quarter and $1,607,000 ($0.90 per share) for the six months ended June 30, 2024. This represents a 60% increase in Q2 earnings compared to the previous year. The company's performance was driven by increased net interest income and positive loan growth. Total loans reached $203,177,000, up 0.7% from December 31, 2023, while total deposits grew by 10.8% to $252,827,000. RBAZ also announced a definitive agreement to merge with Pima Federal Credit Union, expected to close in Q4 2024 pending shareholder and regulatory approvals.
Pima Federal Credit Union and RBAZ Bancorp announced an all-cash acquisition agreement for Republic Bank of Arizona. Following the transaction, RBAZ shareholders are estimated to receive around $22.00 per fully diluted share. Pima will acquire nearly all assets and assume most liabilities of Republic Bank, expanding its branch network to twelve locations with over $1.5 billion in assets. The acquisition, pending regulatory approvals and RBAZ shareholder consent, is expected to finalize in the second half of 2024. Post-acquisition, Republic Bank will dissolve, and its accounts will be serviced by Pima.
Both companies highlight shared values and strategic growth as key drivers of this deal. Brian Ruisinger, RBAZ's CEO, will continue to lead the Phoenix market for Pima. The agreement has been approved by the Boards of both entities.
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