RBB Bancorp Declares Quarterly Cash Dividend of $0.06 Per Share

Rhea-AI Summary

RBB Bancorp (NASDAQ:RBB) declared a quarterly cash dividend of $0.06 per share, payable on August 17, 2020, to shareholders of record as of August 3, 2020. As of March 31, 2020, the company reported total assets of $3.1 billion. RBB Bancorp, headquartered in Los Angeles, serves the Chinese-American community through its subsidiaries, Royal Business Bank and RBB Asset Management Company, offering a wide range of business and financial services across multiple locations in California, New York, Nevada, and Illinois.

Positive

• Declaration of a quarterly cash dividend of $0.06 per share indicates company confidence.
• Assets totaling $3.1 billion provide a stable financial foundation.

Negative

• None.

LOS ANGELES, July 24, 2020 /PRNewswire/ -- RBB Bancorp (NASDAQ:RBB) and its subsidiaries, Royal Business Bank ("the Bank") and RBB Asset Management Company ("RAM"), collectively referred to herein as "the Company", announced that its Board of Directors has declared a quarterly cash dividend of $0.06 per share. The dividend is payable on August 17, 2020 to common shareholders of record as of August 3, 2020.

Corporate Overview

RBB Bancorp is a community-based financial holding company headquartered in Los Angeles, California.  As of March 31, 2020, the company had total assets of $3.1 billion. Its wholly-owned subsidiary, the Bank is a full service commercial bank, which provides business banking services to the Chinese-American communities in Los Angeles County, Orange County and Ventura County in California, in Las Vegas, Nevada, in Brooklyn, Queens, and Manhattan in New York, and three branches in the Chicago neighborhoods of Chinatown and Bridgeport.  Bank services include remote deposit, E-banking, mobile banking, commercial and investor real estate loans, business loans and lines of credit, commercial and industrial loans, SBA 7A and 504 loans, 1-4 single family residential loans, automobile lending, trade finance, a full range of depository account products and wealth management services.  The Bank has ten branches in Los Angeles County, two branches in Ventura County, one branch in Irvine, California, one branch in Las Vegas, Nevada, seven branches and one loan operation center in Brooklyn, Queens and Manhattan in New York, and three branches in Chicago, Illinois. The Company's administrative and lending center is located at 1055 Wilshire Blvd., Los Angeles, California 90017, and its finance and operations center is located at 7025 Orangethorpe Avenue, Buena Park, California 90621. The Company's website address is www.royalbusinessbankusa.com.

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SOURCE RBB Bancorp

FAQ

What is the dividend amount declared by RBB Bancorp?

RBB Bancorp declared a quarterly cash dividend of $0.06 per share.

When is the RBB Bancorp dividend payable?

The dividend is payable on August 17, 2020.

When is the record date for RBB Bancorp's dividend?

The record date for the dividend is August 3, 2020.

What are the total assets of RBB Bancorp?

As of March 31, 2020, RBB Bancorp reported total assets of $3.1 billion.