RBB Bancorp announces termination of consent order

RBB Bancorp and its subsidiaries, Royal Business Bank and RBB Asset Management Company, collectively referred to herein as “the Company,” announced that on August 21, 2024, the Federal Deposit Insurance Corporation and the California Department of Financial Protection and Innovation terminated the Consent Order issued to the Bank that was effective October 25, 2023. The termination of the Consent Order follows the Bank’s successful resolution of the deficiencies in the Bank’s Anti-Money Laundering/Countering the Financing of Terrorism compliance program that was the subject of the order.