RBB Bancorp Announces Senior Leadership Succession Plan and Transition Timeline

Core Viewpoint - RBB Bancorp announces leadership changes, with Mr. Johnny Lee appointed as President and CEO of the Company and the Bank, effective January 1, 2025, and May 22, 2025, respectively, succeeding Mr. David Morris, who will retire on May 21, 2025 [1][4][5] Leadership Changes - Mr. Johnny Lee, currently President and Chief Banking Officer of Royal Business Bank, will take on the roles of President of the Company and CEO of the Bank starting January 1, 2025, and will become CEO of the Company on May 22, 2025 [1][5] - Mr. David Morris will resign as CEO of the Bank and President of the Company effective January 1, 2025, and will retire on May 21, 2025, while remaining on the Boards of Directors [4][5] - Mr. Mina Rizkalla will be promoted to Executive Vice President and Chief Risk Officer for both the Company and the Bank, effective January 1, 2025 [5] Company Overview - RBB Bancorp is a community-based financial holding company headquartered in Los Angeles, California, with total assets of $4.0 billion as of September 30, 2024 [6] - The wholly-owned subsidiary, Royal Business Bank, provides a range of banking services primarily to Asian communities and Asian-centric businesses across various locations, including Los Angeles County, Orange County, and New York [6][7]