Certain Stock Options of RBB Bancorp are subject to a Lock-Up Agreement Ending on 22-JAN-2018.
January 22, 2018
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Certain Stock Options of RBB Bancorp are subject to a Lock-Up Agreement Ending on 22-JAN-2018. These Stock Options will be under lockup for 181 days starting from 25-JUL-2017 to 22-JAN-2018.
Details:
The executive officers, directors and each of the selling shareholders have entered into a lock up agreement pursuant to which, they will not offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, or otherwise transfer or dispose of, directly or indirectly, or enter into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of any shares of common stock or any securities convertible into or exercisable or exchangeable for shares of common stock, for a period of 180 days from the date of the prospectus, without the prior written consent of the Sandler O’Neill & Partners, L.P., Keefe, Bruyette & Woods, Inc., Stephens, Inc., and FIG Partners, LLC.
RBB Bancorp is a bank holding company. The Company's principal business is to serve as the holding company for its wholly owned banking subsidiaries, Royal Business Bank (the Bank) and RBB Asset Management Company (RAM). The Bank provides business-banking products and services predominantly to the Asian-American communities. The products and services include commercial and investor real estate loans, business loans and lines of credit, Small Business Administration (SBA) 7A and 504 loans, mortgage loans, trade finance and a full range of depository accounts, including specialized services, such as remote deposit, E-banking, and mobile banking. It operates 24 branches across two separate regions: the Western region with branches in Los Angeles County, California; Orange County, California; Ventura County, California; Clark County, Nevada; and Honolulu, Hawaii; and the Eastern region with branches in Manhattan, Brooklyn and Queens, New York; Chicago, Illinois and Edison, New Jersey.