Rbaz Bancorp Stock Price, News & Analysis

RBAZ Bancorp, Inc. (symbol: RBAZ) was a financial holding company in the commercial banking industry, operating in the finance and insurance sector. According to company disclosures, RBAZ Bancorp, Inc. was established on June 10, 2021 as a single-bank holding company for its Arizona state-chartered bank subsidiary, Republic Bank of Arizona. The company’s common stock traded over-the-counter under the symbol RBAZ.

Republic Bank of Arizona, the wholly owned subsidiary of RBAZ Bancorp, Inc., was described in multiple company releases as a locally owned, full service community bank serving Phoenix, Scottsdale and Gilbert, Arizona. The bank stated that it provided deposit and loan products and online and mobile banking to individuals, businesses and professionals. Republic Bank of Arizona was established in April 2007 and was headquartered in Phoenix, Arizona, with additional branches in Scottsdale and Gilbert, Arizona.

On May 7, 2025, RBAZ announced that it had completed the sale of substantially all of the assets and liabilities of Republic Bank of Arizona to Pima Federal Credit Union effective May 2, 2025. In connection with this asset sale, RBAZ caused its common stock to no longer trade or be quoted on the OTC Pink Market and closed its stock transfer records at the close of market hours on May 2, 2025. Following the transaction, RBAZ’s business activities centered on winding up and liquidating the holding company.

The Board of Directors of RBAZ approved a plan of dissolution for the winding up and liquidation of RBAZ. As part of this dissolution process, the Board authorized a cash distribution to shareholders, and the company stated that it might make a second distribution depending on the outcome of the dissolution process. RBAZ indicated that any distributions were subject to paying or providing for its debts, taxes, liabilities and obligations in accordance with applicable law and the plan of dissolution. The company noted that there was no guarantee that sufficient funds would remain to make an additional distribution.

In earlier disclosures, RBAZ characterized Republic Bank of Arizona as a community bank focused on core deposit generation, loan growth and maintaining capital levels under the Community Bank Leverage Ratio framework. The bank repeatedly reported that it remained “Well Capitalized” under that framework. Public updates highlighted loan and deposit balances, interest income and non-interest expense trends, but these figures were presented as unaudited financial information and were specific to particular reporting periods.

RBAZ also reported that its shareholders approved the transaction with Pima Federal Credit Union under a purchase and assumption agreement, and that all necessary regulatory approvals had been obtained to complete the sale of substantially all of the assets and liabilities of Republic Bank of Arizona. After the closing of the asset sale, RBAZ indicated that it would begin the process of voluntarily dissolving Republic Bank of Arizona and RBAZ and distributing RBAZ’s net assets, including the net cash proceeds from the asset sale, to its shareholders.

For investors researching the historical RBAZ stock, it is important to recognize that RBAZ Bancorp, Inc. functioned as a single-bank holding company for a community bank in Arizona and that, following the sale of substantially all of the bank’s assets and liabilities to Pima Federal Credit Union, RBAZ moved into a dissolution and liquidation phase. As disclosed by the company, after the closing of the asset sale and the closing of the stock transfer records, RBAZ common stock represented only the right to receive distributions in connection with the dissolution process.

Business focus and community banking model

According to repeated company descriptions in its public releases, Republic Bank of Arizona described itself as a locally owned, full service community bank. It stated that it provided deposit and loan products and convenient online and mobile banking to individuals, businesses and professionals. The bank emphasized its presence in Phoenix, Scottsdale and Gilbert, Arizona, and its role as a community bank in those markets. As the wholly owned subsidiary of RBAZ Bancorp, Inc., the bank’s operations and financial performance were the primary drivers of the holding company’s results.

RBAZ’s public communications frequently highlighted themes such as core deposit generation, loan growth, asset quality, net interest margin and capitalization levels. Management commentary in earnings releases referred to loan growth, deposit growth, cost of deposits and non-interest expense trends, as well as the bank’s capital position under the Community Bank Leverage Ratio framework. These disclosures provide context for how the company viewed its community banking activities and financial performance during its operating history.

Corporate transformation and dissolution

The definitive change in RBAZ’s corporate status came through the transaction with Pima Federal Credit Union. On May 16, 2024, RBAZ announced that Pima Federal Credit Union and RBAZ Bancorp, Inc. had entered into a definitive agreement under which Pima would purchase substantially all of the assets and assume substantially all of the liabilities of Republic Bank of Arizona in an all-cash transaction. RBAZ stated that, following completion of the purchase and assumption transaction, all customers and accounts of RBAZ would be retained and serviced by Pima, and that RBAZ and Republic Bank of Arizona intended to wind down and dissolve following the transaction.

Subsequent releases reported that RBAZ shareholders approved the transaction and that all necessary regulatory approvals had been obtained. RBAZ then disclosed that the asset sale would close on May 2, 2025, and later confirmed that the sale of substantially all of the assets and liabilities of Republic Bank of Arizona to Pima Federal Credit Union was effective on that date. With the closing of the asset sale, RBAZ caused its common stock to cease trading or being quoted on the OTC Pink Market and closed its stock transfer records.

After the closing of the asset sale, RBAZ announced that its Board of Directors had effected a plan of dissolution for the winding up and liquidation of RBAZ. The company described the role of its transfer agent, Computershare Trust Company, N.A., in acting as paying agent for distributions to shareholders and outlined the procedures for shareholders holding shares in street name, book-entry form or certificated form to receive distributions. RBAZ emphasized that any additional distributions beyond the initial cash distribution would depend on the completion of the dissolution process and the availability of funds after satisfying all obligations.

RBAZ as a historical banking stock

Given the completion of the asset sale to Pima Federal Credit Union and the initiation of the dissolution process, RBAZ should be understood as a historical banking stock rather than an ongoing operating bank holding company. Its historical profile is that of a single-bank holding company formed in 2021 to own Republic Bank of Arizona, a locally owned, full service community bank established in 2007 and operating in Phoenix, Scottsdale and Gilbert, Arizona. The company’s later disclosures focus on the transition of its banking operations to Pima Federal Credit Union and the distribution of net assets to its shareholders as part of an orderly winding up.

Frequently asked questions about RBAZ Bancorp, Inc.