RBB Bancorp (RBB) is a Los Angeles-based bank holding company known for its dedication to serving diverse communities across California and beyond. With roots in the community, RBB is fortunate to be part of the economic framework in a state boasting a GDP that would cement its position as the fifth largest economy in the world if it were a country. Founded in 2008, RBB Bancorp operates over 15 locations, managed under its principal subsidiary, Royal Business Bank.
RBB Bancorp caters to the needs of commercial businesses, business owners, and retail customers. It offers a broad range of services and products including commercial and industrial loans, commercial real estate loans, SBA loans, deposit products, and treasury management services, among others. By providing financial services focused on commercial and business customers, the company is able to contribute significantly to the support and growth of local business ventures.
The bank has been uniquely successful in meeting the banking needs of multi-ethnic individuals and companies, including many underserved immigrant communities. RBB Bancorp's financial products are designed with an understanding of the special needs and circumstances of these groups, contributing to its reputation as a community-focused bank.
By 2021, RBB Bancorp's total assets surpassed $3 billion and its net income reached $42.82 million. Its successful financial growth is attributed to a robust strategy of both organic growth and strategic acquisitions. This includes its latest acquisition of Pacific Global Bank in 2020, which further expanded its network.
The business philosophy of RBB Bancorp is firmly premised on the concept of 'community'. This includes fostering economic growth in the communities it serves and making strategic investments to drive local development. It also places a strong emphasis on providing exceptional customer service and maintaining a dedicated and skilled workforce.
RBB Bancorp is also dedicated to social responsibility, reflected through its numerous community programs and initiatives. It provides financial literacy programs, scholarships for high school seniors, community development loans, and supports several charitable organizations. This commitment to improving the lives of people in the communities it serves makes befitting its name, as "Royal" refers to treating every customer as a valuable partner with royal status and respect.
In addition to these community-oriented initiatives, RBB Bancorp generally conforms to the highest ethical standards in terms of business practices. It prides itself on its commitment to transparency, integrity, and compliance with relevant regulatory standards. The company’s reputation as a trustworthy and reliable banking partner is a fundamental cornerstone of its business model.
Overall, RBB Bancorp is well-positioned to continue making a positive impact on the communities it serves. Through its diversified financial products and mission of community development, RBB Bancorp continues to contribute to the vitality and inclusivity of the Californian and American economic fabric.