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RBB Bancorp appoints Christina Kao as new board chair By Investing.com

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LOS ANGELES – RBB Bancorp (NASDAQ:RBB) and its subsidiaries, which include Royal Business Bank and RBB Asset Management Company, announced today the appointment of Ms. Christina Kao as the new Chair of the Board.

The decision was made during the Organizational Board of Director meetings following the annual shareholder meeting. Ms. Kao succeeds Dr. James Kao, who has chaired the board for the past three years and will remain as a director and chair of the new Enterprise Risk Committee.

Ms. Kao has been a director of the company since 2019 and has played a significant role in board and management restructuring, focusing on improved governance. She boasts a diverse background, with experience in purchasing, marketing, and business development for major corporations like Solvay (EBR:), Dow Chemical, and DuPont (NYSE:), as well as consulting roles for startups and a non-profit. Her academic credentials include a B.S. in Chemical Engineering and an M.B.A. from Harvard Business School.

Dr. Kao, in his statement, expressed gratitude to the employees, board members, and management for their efforts in exceeding requirements and setting the company on a strong path for the future. Ms. Kao echoed this sentiment, acknowledging the team’s resilience and expressing confidence in the company’s foundation to achieve strategic goals.

RBB Bancorp, headquartered in Los Angeles, California, reported total assets of $3.9 billion as of March 31, 2024. Its main subsidiary, Royal Business Bank, serves predominantly Asian communities across various U.S. states, offering a comprehensive range of banking and wealth management services.

This announcement comes amidst the company’s efforts to comply with regulatory requirements and to enhance its risk management and governance structures. The information for this article is based on a press release statement from RBB Bancorp.

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InvestingPro Insights

As RBB Bancorp welcomes Ms. Christina Kao as the new Chair of the Board, investors and stakeholders may find the following real-time data and InvestingPro Tips pertinent. RBB Bancorp has demonstrated a commitment to increasing shareholder value, as evidenced by its ability to raise its dividend for three consecutive years. The company’s market capitalization currently stands at 344.65 million USD, with a P/E ratio of 8.87, reflecting investor confidence in its earnings potential.

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