RBB Bancorp Announces Termination of Agreement to Acquire Gateway Bank, F.S.B.
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LOS ANGELES ~ RBB Bancorp (NASDAQ:RBB) announced today that, effective September 28, 2023, Gateway Bank, F.S.B. and RBB Bancorp have mutually agreed to terminate the definitive agreement originally entered into on December 28, 2021. Neither party has or will have any liability or pay any penalty to the other party as a result of the termination, and each party has released the other from any and all claims related to the definitive agreement or the transactions contemplated by the definitive agreement.

RBB Bancorp is a community-based financial holding company headquartered in Los Angeles, California. As of June 30, 2023, it had total assets of $4.1 billion and its wholly-owned subsidiary is a full service commercial bank providing business banking services to Asian communities in Los Angeles County, Orange County, Ventura County in California; Las Vegas in Nevada; Brooklyn, Queens and Manhattan in New York; Edison in New Jersey; Chinatown and Bridgeport in Illinois; and Oahu in Hawaii.

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The Bank offers remote deposit services, E-banking services, mobile banking services as well as 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 depository account products and wealth management services. It has nine branches in Los Angeles County; two branches in Ventura County; one branch in Orange County; one branch in Las Vegas; three branches and one loan operation center in Brooklyn; three branches in Queens; one branch in Manhattan; one branch Edison; two branches Chicago; one branch Honolulu. The Company's administrative center is located at 1055 Wilshire Blvd., Los Angeles while its finance operations center is located at 7025 Orangethorpe Ave., Buena Park California 90621.

The Company's website address is www.royalbusinessbankusa.com for more information about its products and services.
Filed Under: Business

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