RBB Bancorp Declares Quarterly Cash Dividend of $0.16 Per Common Share and Provides Update on Impact of Wildfires on Royal Business Bank

Core Points - RBB Bancorp declared a quarterly cash dividend of $0.16 per common share, payable on February 12, 2025, to shareholders of record as of January 31, 2025 [1] - The Company has donated$30,000 to support families affected by the recent wildfires in Los Angeles County and is providing resources for counseling and wellness support [2] - As of September 30, 2024, RBB Bancorp had total assets of $4.0 billion and operates primarily in Asian-centric communities across several states [3] Financial Performance - The quarterly cash dividend of$0.16 per share reflects the Company's ongoing commitment to returning value to shareholders [1] - The total assets of RBB Bancorp amount to $4.0 billion, indicating a solid financial foundation [3] Community Engagement - The Company is actively involved in community support, having partnered with non-profit organizations to assist low-to-moderate income communities affected by wildfires [2] - RBB Bancorp is committed to monitoring the situation and exploring further contributions for recovery efforts [2] Operational Overview - RBB Bancorp operates through its subsidiary, Royal Business Bank, which provides a range of banking services including consumer and business banking, primarily targeting Asian-centric communities [3] - The Bank has multiple branches across California, Nevada, New York, New Jersey, Illinois, and Hawaii, enhancing its accessibility to diverse customer bases [3]