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.
This page provides a historical news archive for RBAZ Bancorp, Inc. (RBAZ), the former single-bank holding company for Republic Bank of Arizona. The company’s releases trace its evolution from a locally focused community banking organization in Arizona to the completion of an asset sale and entry into a dissolution process.
Earlier news items center on RBAZ’s role as parent company of Republic Bank of Arizona, a locally owned, full service community bank in Phoenix, Scottsdale and Gilbert, Arizona. These releases discuss topics such as quarterly and annual unaudited financial results, loan and deposit growth, net interest margin, non-interest expense trends and capital levels under the Community Bank Leverage Ratio framework. Management commentary in these reports provides context on how the bank approached core deposit generation, loan production and asset quality in its markets.
Later news coverage shifts toward corporate transformation. In May 2024, RBAZ announced a definitive agreement under which Pima Federal Credit Union would purchase substantially all of the assets and assume substantially all of the liabilities of Republic Bank of Arizona. Subsequent releases report shareholder approval of the transaction, receipt of regulatory approvals, and the closing of the asset sale effective May 2, 2025. RBAZ then disclosed that its common stock would no longer trade or be quoted on the OTC Pink Market and that it would close its stock transfer records.
Recent announcements describe the Board of Directors implementing a plan of dissolution for the winding up and liquidation of RBAZ, including information about cash distributions to shareholders and the role of Computershare Trust Company, N.A. as paying agent. Together, these news items document the full arc of RBAZ’s history, from community bank holding company to the transfer of its banking operations and the subsequent dissolution process.
Republic Bank of Arizona announced the formation of RBAZ Bancorp, Inc. (OTCPK: RBAZ), a bank holding company, effective June 10, 2021. Following regulatory approval, Republic Bank is now a wholly-owned subsidiary of RBAZ Bancorp, allowing shareholders to exchange their shares on the OTC Pink exchange. President and CEO Brian Ruisinger stated this formation will enhance access to capital markets and support company growth. The new holding company structure will not affect the Bank’s current operations or services, which will continue as usual.
Republic Bank of Arizona (OTCBB:RBAZ) reported a net income of $557,000, or $0.31 per share, for Q1 2021, a significant increase from $12,000 or $0.01 per share in Q1 2020. The earnings included $0.17 per share from core operations and $0.14 from the Paycheck Protection Program (PPP). Total loans rose by 8.0% to $118.7 million, while deposits increased by 16.1% to $193.4 million. Interest income surged 39.3% to $1.77 million. The bank is well-capitalized with a CBLR of 8.66%.