RBB Bancorp (RBB) Names New Chairman of the Board

May 25, 2021 4:15 PM EDT

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RBB Bancorp (NASDAQ: RBB) and its subsidiaries, Royal Business Bank ("the Bank") and RBB Asset Management Company ("RAM"), collectively referred to herein as "the Company", announced that its Board of Directors has elected James Kao, Ph.D as Chairman, effective May 19, 2021. Dr. Kao, 75, joined the Company’s Board in 2015 and has over 40 years of business experience, serving in various leadership roles. Yee Phong (Alan) Thian, RBB’s previous Chairman, will continue to serve as a director.

"Dr. Kao is an experienced member of the Board and has a wealth of experience and success as a businessman and investor," said Mr. Alan Thian, President and CEO of RBB Bancorp. "The Board and I elected to separate the Chairman and Chief Executive Officer roles in anticipation of the continued growth of the Bank and to reflect best corporate governance practices. I congratulate Dr. Kao in his new role as Chairman and look forward to working with him and the rest of the Board to continue to execute on our successful strategy of profitable growth."

"The Board and I would like to thank Mr. Thian for his years of service as Chairman of the Board," said Dr. James Kao, Chairman of RBB Bancorp. "I look forward to continuing to work with him to enhance long-term shareholder value."

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